Not likely cam bearings on an XS650,they have substantial double ball bearings each end.Pull the tensioner out and have a good look at it,they have a sprocket which runs un the chain,this could be worn or out of aligment,also check the chain guides......which you can't unless you pull it apart again.Check the advance retard mechanism for play,and also the shaft - this too runs in neelde rollers each end,they get dry and sticky.Rest assured that no noise in an XS650 is cause for concern,they are way over engineered and can be destroyed only by immersion in the crater of Mt Doom.
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