Energy Stocks Spiking Higher: CVX, SLB, DVN, CVE, MRO

Through early trading on Thursday, September 29, 2011, these stocks are helping the Energy (NYSE:XLE) sector today. 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) is among the sector price gainers, as its shares are trading at $92.73, up 99 cents (+1.1%) from the previous close of $91.74. Chevron provides management and technology support to international subsidiaries that operate petroleum, chemicals, mining, power generation, and energy services.

Stock Price Performance: From August 1, 2011, to September 27, 2011, the stock price had fallen $11 (-10.5%) from $104.54 to $93.54. 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, rising 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, falling 4.9% (-$5.37).

Schlumberger Limited (NYSE:SLB) is among the top price gainers in the sector. Its shares are trading at $60.90, up 9 cents (+0.9%) from the previous close of $60.33. Schlumberger is a global oilfield services company. Through its subsidiaries it supplies technology, integrated project management, and information solutions to consumers in the oil and gas industry.

Stock Price Performance: From August 1, 2011, to September 27, 2011, the stock price had fallen $26.50 (-29.5%) from $89.92 to $63.42. The stock price saw one of its best stretches over the last year between October 19, 2010 and November 4, 2010 when shares rose for 13 straight trading days, rising 20.1% (+$12.52). It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine straight trading days, falling 14.7% (-$13.86).

Devon Energy Corporation (NYSE:DVN) is among the sector price gainers, as its shares are trading at $56.89, up 22 cents (+0.8%) from the previous close of $56.42. Devon Energy explores, develops and transports oil, gas, and NGLs.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $19.91 (-25.3%) from $78.55 to $58.64. 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, rising 10.8% (+$6.91). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 10.7% (-$8.98).

Cenovus Energy, Inc. (NYSE:CVE) is among the top price gainers in the sector. Its shares are trading at $31.41, up 34 cents (+1.1%) from the previous close of $31.07. Cenovus Energy 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 5, 2011, to September 28, 2011, the stock price had fallen $6.63 (-17.6%) from $37.70 to $31.07. The stock price saw one of its best stretches over the last year between December 17, 2010 and December 29, 2010 when shares rose for eight straight trading days, rising 7.1% (+$2.16). It saw one of its worst periods between October 13, 2010 and October 22, 2010 when shares fell for eight straight trading days, falling 6.1% (-$1.78).

Marathon Oil Corporation (NYSE:MRO) is among the sector price gainers, as its shares are trading at $22.34, up 25 cents (+0.8%) from the previous close of $22.15. Marathon Oil is an oil and natural gas exploration and production company with operations in North America, Africa, and Europe.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $9.60 (-29.3%) from $32.76 to $23.16. The stock price saw one of its best stretches over the last year between January 5, 2011 and January 13, 2011 when shares rose for seven straight trading days, rising 15.1% (+$3.37). It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine straight trading days, falling 22.7% (-$7.34).