Pete Najarian Likes BP
CNBC's Fast Money Pete Najarian thinks that BP (NYSE: BP) should be watched closely. He especially likes their exposure in alternative energy.CNBC's Fast Money Pete Najarian thinks that BP (NYSE: BP) should be watched closely. He especially likes their exposure in alternative energy. BP plc (BP) has a lot of experience in solar energy and a lot of exposure in China and India, that invest a lot of money in this area. Pete Najarian added that the spike in oil and coal is also good for their business. The only wind in their face is the price of natural gas.
Karen Finerman doesn't buy alternative energy story. She believes that if you like the sector you should buy oil because if oil price goes up alternative energy will follow.
Tim Seymour disagreed saying that the companies in the alternative energy sector are earning a lot of money and that they shouldn't be watched only in correlation to oil.
