5 Energy Stocks Investors Are Throwing Out As Crude Prices Decline August 26th

Through the early part of trading on Friday, August 26, 2011, these stocks are bringing down the Energy (NYSE:XLE) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Chevron Corporation (NYSE:CVX) shares are trading at $95.37, down 13 cents (-0.6%) from the previous close of $95.96. Chevron Corporation provides management and technology support to international subsidiaries that operate petroleum, chemicals, mining, power generation and energy services.

Stock Price Performance: From July 28, 2011, to August 25, 2011, the stock price had dropped $8.24 (-7.9%) from $104.20 to $95.96. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, adding 7.4% (+$7.16). It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight trading days, dropping 4.9% (-$5.37).

Devon Energy Corporation (NYSE:DVN) shares are trading at $62.79. This is 27 cents (-1%) below the previous close of $63.41, making the company one of the biggest price losers in the sector today. Devon Energy Corporation explores, develops and transports oil, gas, and NGLs.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price had fallen $19.18 (-23.2%) from $82.59 to $63.41. The stock price saw one of its best stretches over the last year between October 26, 2010 and November 8, 2010 when shares rose for 10 straight trading days, climbing 10.8% (+$6.93). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, declining 10.7% (-$9).

Cenovus Energy, Inc. (NYSE:CVE) shares are trading at $33.33, down one cent (-0.8%) from the previous close of $33.60. Cenovus Energy Inc operates in oil projects and natural gas and crude oil production in Alberta and Saskatchewan. It also has oil projects in Foster Creek, Christina Lake and Pelican Lake in northeast Alberta, and Weyburn in Saskatchewan.

Stock Price Performance: From July 28, 2011, to August 25, 2011, the stock price had dropped $5.23 (-13.5%) from $38.83 to $33.60. The stock price saw one of its best stretches over the last year between December 17, 2010 and December 29, 2010 when shares climbed for eight straight trading days, rising 7.1% (+$2.17). It saw one of its worst periods between October 13, 2010 and October 22, 2010 when shares fell for eight straight trading days, declining 6.1% (-$1.80).

Noble Energy, Inc. (NYSE:NBL) shares are trading at $81.19, down 12 cents (-0.7%) from the previous close of $81.78. Noble Energy, Inc. is an independent energy company that acquires and produce crude oil, natural gas and natural gas liquids.

Stock Price Performance: From July 28, 2011, to August 25, 2011, the stock price had dropped $17 (-17.2%) from $98.78 to $81.78. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven straight trading days, climbing 7% (+$5.97). It saw one of its worst periods between December 29, 2010 and January 6, 2011 when shares fell for seven straight trading days, declining 5.2% (-$4.50).

Questar Corporation (NYSE:STR) shares are trading at $18.05. This is 6 cents (-0.6%) below the previous close of $18.16, making the company one of the biggest price losers in the sector today. Questar Corporation is a natural gas-focused energy company with five major lines of business: gas and oil exploration and production; midstream field services; energy marketing; interstate gas transportation; and retail gas distribution.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price had risen $1.19 (7%) from $16.97 to $18.16. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, climbing 4.7% (+77 cents). It saw one of its worst periods between December 7, 2010 and December 15, 2010 when shares declined for seven straight trading days, falling 4.4% (-77 cents).

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