Oil is unfavored and these stocks are underperforming, showing weak relative strength and negative weekly momentum in oversold status.

Of the five stocks you listed I like CLR and NOG in that order, but that's simply based upon the charts. The sector and charts are going to have to improve a bit. What is interesting is to imagine a resumption of the rebound in stocks without participation from the oil sector. Personally, I don't see that happening. So I'm definitely sizing up likely candidates for purchase as soon as I start seeing some strength in the sector.

XTO has reported that 1 well in Three Forks is producing 2100 bbls per day and WLL is reporting 1 well doing as much as 1000 bbls per day. On MSN Finance, they report 2100 bbls for XTO and 8oo bbls for WLL. Please be aware 800 bbls a day is more or less in the Bakken standard. Spanish Three Forks itself is not a huge new find, but the XTO well is. There are several oil companies in 3 forks but their production/ hit ratio is not as good a Bakken, causing many to believe that 3 forks is like Green River, oil in selected spots i.e. not near as abundant as Bakken .

UPDATE: If you google Spanish-Three Forks Bakken Formation, you can see the report on the 3 Forks finds. I found that BEXP has a well producing more than 2200 bbls per day, therefore out doing XTO and BEXP is considerbly cheaper than XTO.  For your knowledge…I own both. I also have a land position with a small company BSIC which has a good land poition in that area, but their development is stalled, money I believe.

BEXP up huge today. I knew that article I referred to had some major significance but it wasn't widely publicized. I'd like to buy myself a mule to kick me for forgetting about BEXP.

BEXP should pullback. Still some money to be made there.

RE: NOG

Northern Oil & Gas Inc. (NOG) is in the Oil sector. This sector is in Bull Alert status at 48 %. The current level of the sector bullish percent chart indicates plently of room left to the upside in the group. Based on a comparison with the Market this stock is underperforming the averages. We say this because the RS versus the Market chart is in a column of O's. Watch for a reversal into Xs as an indication that the RS is improving. The trend chart of Northern Oil & Gas Inc. shows the stock is in an uptrend,or trading above the Bullish Support Line The most recent pattern was a Double Top at 3.750. The pattern was completed on 03/20/2009. The stock's trend chart is currently in a column of X's. The weekly distribution puts the stock on the oversold side by -4.9% The mid range of the distribution is at 7.01. The weekly momentum turned negative on 06/05/2009 indicating short term weakness.

3 out of 5 on Technicals and heading down

Bullish price objective of $21.25

WLL looks like it's trading sideways for now.  2 out of 5 technical heading up.

Whiting Petroleum Corporation (WLL) is in the Oil sector. This sector is in Bull Alert status at 48 %. The current level of the sector bullish percent chart indicates plently of room left to the upside in the group. Based on a comparison with the Market this stock is outperforming the averages. We say this because the RS versus the Market chart is in a column of X's. The trend chart of Whiting Petroleum Corporation shows the stock is in a downtrend, or trading below the Bearish Resistance Line. The most recent pattern was a Double Top at 37.000. The pattern was completed on 07/15/2009. The stock's trend chart is currently in a column of X's. The weekly distribution puts the stock on the overbought side by 27.5% The mid range of the distribution is at 40.38. The weekly momentum turned positive on 07/17/2009 indicating short term strength.

CLR down about 7.5% so far today though.

I like them all and EOG has been permitting a lot of wells to be drilled, lately.  WLL and EOG are both setting on good positions at Spanish-three forks along with BEXP.  Please don't forget NOG, …DYODD and remember "I LOVE THE BAKKEN" plays, even those in Canada.

rbcn, forgive me for misstyping. Sandish-Three Forks just doesn't sound right to my brain or look right to the eye, but I will be more careful. About ROSE, aren't they just now begining to drill a test well ? I also haven't seen or heard of any 3-s readings, have you ? Any inside info about readings, oil pools, etc. would be appreciated. These folks are new to the Bakken Formation aren't they ??

Some who came in late have had to suffer the latest changes in the market. The "BIGS" are powerful and can spend money easier than midcaps and juniors, but the oil and gas are there and those that get it out are going to do alright. Rose has suffered, but they have bought some leases/wells and got this new program underway with the drilling mentioned by "rbcn".  There is not enough info for me to buy into ROSE, yet. I want to see a 3-D reading and maybe 1st test well results. I don't know if we will see the prices of last years highs, but until we find a substitute, we need oil. I personally love what BEXP has done, drilled wells, but didn't bring them online and are waiting for the price to rise.  DYODD…I own BEXP and several others in Bakken US and Canada, disclaimer.

At 0.87/share, I'm adding shares because I like their land position. There's oil in them there sands and I want to make money off them.  I hold 3 or 4 companies for their land positions only, believing that when drilled….OIL . Also, I can't find any pemits for "ROSE" to drill a well.  rbcn, can you help out on this…checked the web and didnot find any information about a 3-D seismec reading, so I'm staying away…DYODD.

spread, you don't need to go there to retire, we'll have enough to try New Zeelnd or Austraila, providing oil spikes again.