Market Overview

Fast Money Traders Share How Would They Trade The Weakness In Commodity Space

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Pete Najarian said on CNBC's Fast Money that he expects to see a dividend cut in Enbridge Energy Partners, L.P. (NYSE: EEP). He believes that it will trade like Kinder Morgan Inc (NYSE: KMI), after a big move lower there is going to be a bounce higher.

Steve Grasso believes that Plains All American Pipeline, L.P. (NYSE: PAA) won't be able to maintain its dividend at a current level of 12 percent, because of a slow growth and there won't be a lot of producers that are going to use the company's pipelines.

Guy Adami thinks that United States Steel Corporation (NYSE: X) is in a troubled industry. It has a dividend of only 2.5 percent, but it might cut it and the move might be interpreted as a good sign by the market, added Adami.

 

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Posted-In: CNBC Guy Adami Pete Najarian Steve Grasso Fast MoneyCommodities Markets Media

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