Fast Money Traders Share Their Crude Oil Bargain Trades

CNBC Fast Money's Mike Murphy said on the show that Noble Energy, Inc. NBL looks cheap to him. He explained that the stock traded from $75 to $55 and it looks to him that the sell off is overdone. Murphy added that the whole space got crushed on low crude oil prices and there are some quality names out there to buy on massive discounts. He believes that at some point the production will decrease due to low crude oil prices. Stephanie Link said that crude oil has to stabilize before it becomes safe to buy. She said that she decided to hold ENSCO PLC ESV because of its high and well supported dividend yield, but the decline in this stock was very painful. Link added that ENSCO PLC looks cheap at the moment.