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Joe Terranova Recommends Hess Corp. (HES) As A Buy

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On CNBC's Fast Money, Joe Terranova suggested investors sell BP plc (ADR) (NYSE: BP) and Anadarko Petroleum Corporation (NYSE: APC), and buy Hess Corp. (NYSE: HES).

He believes that oil prices are going higher, and Hess (HES) is the right way to get long on energy, thinks Joe Terranova. The recent rally in BP was only short covering, and investors should now move to the next trade. Joe Terranova added that investors should do the same with Anadarko (APC).

BP fell 1.90% today, and closed at $36.18. Anadarko Petroleum (APC) dropped 0.08%, while HESS declined 1.40%.

Posted-In: CNBC Joe Terranova Fast MoneyLong Ideas Short Ideas Media Trading Ideas

 

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