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Energy News: Will the Sun Rise on First Solar in 2013?

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Plus, oil is poised for its biggest weekly gain in months.

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This column highlights the most interesting and useful business and financial commentary on energy from around the Web.

The Wall Street Cheat Sheet
Link: Will First Solar Shine in 2013?
"With shares of First Solar (NASDAQ:FSLR) trading at around $29.51, is FSLR an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let's analyze the stock with the relevant sections of our CHEAT SHEET investing framework:"

Bloomberg
Link: Oil Poised for Biggest Weekly Gain Since August
"Oil headed for the biggest weekly gain since September in New York as US lawmakers scheduled talks aimed at averting automatic tax increases and spending cuts that threaten the economy of the world's largest consumer.

"West Texas Intermediate climbed as much as 0.7%, extending this week's advance to 2.7%. Congressional leaders plan to meet with President Barack Obama today, seeking to resolve a budget impasse before at least $600 billion in fiscal measures take effect on January 1. House Majority Leader Eric Cantor announced the chamber will meet December 30 for its first Sunday session in more than two years. US stockpiles shrank last week, an industry report showed yesterday."

Rigzone
Link: Chevron Takes Stake in Canadian Projects
"Chevron Corporation (NYSE:CVX) Monday announced that its indirect Canadian subsidiary, Chevron Canada Limited, will acquire a 50% operating interest in the Kitimat liquefied natural gas (LNG) project and proposed Pacific Trail Pipeline (PTP), and a 50% interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia, Canada.

"'The Kitimat LNG development is an attractive opportunity that is aligned with existing strategies and will drive additional long-term production growth and shareholder returns,' said George Kirkland, vice chairman, Chevron Corporation."

Motley Fool
Link: What Will ExxonMobil Need to Surge in 2013?
"Now that 2012's nearly in the rearview mirror, investors are beginning to sift through the market for the best stocks of the upcoming year. The future is plagued with uncertainty, but that has always been the case, and it's never stopped us from seeking out long-term values. One way to find those values is to look for companies with a long history of success. The Dow Jones Industrial Average (INDEXDJX: DJI) contains many such companies, but some are better investments than others.

"Today we'll be taking a look at ExxonMobil (NYSE XOM), a Dow component since 1928 (when it was first added as post-trust-busted Standard Oil of New Jersey), to see whether its preparations for 2013 -- and analyst attitudes -- indicate a stock with growth potential, or one to avoid."

The Telegraph
Link: BP to Pay £4.8bn for Oil Spill Losses
"A US judge has given final approval to BP's (NYSE:BP) $7.8bn (£4.8bn) part settlement with businesses and individuals who suffered losses following its disastrous Gulf of Mexico oil spill.

"The settlement resolves most private individual's claims for economic loss and property damage, but it doesn't cover lawsuits brought by the US government or those brought by the states of Alabama and Louisiana."
No positions in stocks mentioned.
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