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Top Energy Stocks

XOM +0.6%

CVX +0.15%, hit new year highs

COP -0.45%

SLB -0.55%

OXY -0.14%

Energy stocks are slightly higher today with the NYSE Energy Sector Index rising 0.3% and the S&P Energy Index adding 0.2%. Crude oil for October delivery is up 8 cents at $91.95 a share. October natural gas is up 8 cents at $2.88 per 1 million BTU.

In company news, Houston American Energy ( HUSA ) is up 8.5% today, continuing to see upside movement after saying earlier this month it has started drilling on Zorro Gris No. 1, the third well on the company's CPO 4 exploration block in Colombia. The well is expected to be drilled to a total measured depth of 13,094 feet.

In other sector news,

(+) GLNG, (+2%) Jefferies initiates coverage of the natural gas transport company with a Buy rating.

(+) RDS-A, (+0.2%) Alaska environmental officials OK the company's plans for an exploration well in the Beaufort Sea off Alaska, granting a permit to drill to shallow depths, Reuters reported last night.

(-) WFT, (-1.4%) Swiss SIX exchange reportedly investigating executive share transactions for possible breaches of disclosure rules

(-) PEIX, (-25.9% to near year lows) Priced $11.0 million public offering of equity units at $0.40 apiece, a 26% discount to PEIX's $0.54 closing price last night. The ethanol producer will use proceeds to repay $10 million of senior unsecured notes due next April with the balance used for general corporate purposes.

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