---
title: "O&G Earnings & Treadmills"
url: https://independentstockanalysis.com/og-earnings-treadmills/
description: "Oil Near Three-Month High Amid Speculation of Chinese Stimulus at Bloomberg . Yet Oil May Retreat on Fastest Stockpiling Rate in 14 Years also at…"
published: 2012-08-09
updated: 2012-08-09
---

# O&G Earnings & Treadmills

Published 2012-08-09

Posted on

by

J.J. Butler

Oil Near Three-Month High Amid Speculation of Chinese Stimulus at [Bloomberg](http://www.bloomberg.com/news/2012-08-09/oil-near-three-month-high-amid-speculation-of-chinese-stimulus.html). Yet Oil May Retreat on Fastest Stockpiling Rate in 14 Years also at [Bloomberg](http://www.bloomberg.com/news/2012-08-09/oil-may-retreat-on-fastest-stockpiling-rate-in-14-years.html).

US shale production booms, yet “North Sea crude oil output is set to fall to a record low in September, adding to supply tightness with the European Union’s embargo on Iranian oil now in its second month.” [Reuters](http://www.reuters.com/article/2012/08/07/us-markets-oil-idUSBRE83H17O20120807) The more wonkish version: [Reuters](http://uk.finance.yahoo.com/news/1-north-sea-oil-output-155512529.html). The shocking chart of the North Sea [treadmill](http://2.bp.blogspot.com/-YcOa4mfn4Pg/Tg22JfgJFzI/AAAAAAAAB1g/oi6Gkay-KMU/s1600/Screen+shot+2011-07-01+at+7.51.31+AM.png). Perhaps this is keeping the Brent:WTI spread stubbornly high.

Continental Resources’ Record Production In the Second Quarter of 2012 Prompts Higher 2012 Growth Guidance ([CLR](http://finance.yahoo.com/news/continental-resources-record-production-second-004100358.html)). Northern Oil continues on my radar screen ([NOG](http://finance.yahoo.com/news/northern-oil-gas-inc-announces-104500834.html)). Seems Rosetta is almost an Eagle Ford pure play ([ROSE](http://finance.yahoo.com/news/rosetta-resources-inc-announces-second-210526899.html)). Perhaps Chesapeake is though the valley: [WSJ](http://online.wsj.com/article/SB10000872396390443792604577575263341558528.html?mod=WSJ_Energy_leftHeadlines). Remember when we loved Canadian Natural Resources? Are they back? ([CNQ](http://finance.yahoo.com/news/canadian-natural-resources-limited-announces-090000413.html))

“O’Donnell said, the Mississippi lime “will be a good ancillary asset for most companies, rather than a ‘company-changer.'”” [OGJ](http://www.ogj.com/articles/2012/08/mississippi-lime-play-sprawls-northward-into-nebraska.html)

“Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country.” [Oil Price](http://oilprice.com/Energy/Gas-Prices/U.S.-Midwest-hit-by-Perfect-Gasoline-Storm.html)

XOM inverse head and shoulders from [ChessNwine](http://ibankcoin.com/chessnwine/2012/08/08/wait-for-it/).

Perhaps the fall shoulder season will be difficult for natural gas as production tries to roll over: [Financial Post](http://business.financialpost.com/2012/08/08/gas-may-revisit-2-as-drop-in-supply-glut-slows/). A look at the crude oil:natural gas ratio: [RBN Energy](http://www.rbnenergy.com/easy-come-easy-go-crude-to-gas-ratio-back-down-to-earth-again).