Fast Money Traders Give Their Crude Oil Trades

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On CNBC's Fast Money
, Tim Seymour said that he would be a buyer of
Occidental Petroleum CorporationOXY
, because it should recover even if crude oil doesn't rally 30 or 40 percent next year. He also likes its balance sheet. Guy Adami believes that
Chevron CorporationCVX
and
Exxon Mobil CorporationXOM
are too expensive because they trade at a very high forward price to earnings multiple that can't be justified by current crude oil price. If crude oil drops to $25 to $30 range we can expect to see a 10 percent decline in these stocks, explained Adami. Brian Kelly would be a buyer of
Delta Air Lines, Inc.DAL
, but it needs to hold above $50. Adami wants to buy
Priceline Group IncPCLN
, because the stock had a series of higher lows since November.
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Posted In: CNBCMediaBrian KellyGuy AdamiTim Seymour
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