Fast Money Traders Share Their Trades In The Energy Sector

, Guy Adami commented on T. Boone Pickens' statement that crude oil is going to jump to $52 and that it could double by the end of the year. Adami thinks that CBOE Crude Oil Volatility Index(OVX) suggests that there is further pain on the downside for the crude oil market. Tim Seymour thinks that it is possible to buy companies with good balance sheets in the space and he named

as the company that can survive if crude oil trades at $40. He added that it can't survive with crude oil at $25. Seymour also believes that a small cut in production could turn the market around. Dan Nathan said that

would rally on a cut in crude oil production. The company is going to report earnings on Tuesday and Nathan believes that the sentiment is really low.