Market Overview

Fast Money Traders Share Their Picks In The Energy Space

Fast Money Traders Share Their Picks In The Energy Space

Tim Seymour said on CNBC's Fast Money that Anadarko Petroleum Corporation (NYSE: APC) is one of the companies that could do well now when crude oil is trading in the $52 to $55 trading range. He thinks that it's going to gain market share in this environment.

Karen Finerman is skeptical about the continuation of the bull market, but she thinks that traders who believe that we could see more upside should take a look at VanEck Vectors Oil Services ETF (NYSE: OIH), because its components are more levered than the components of Energy Select Sector SPDR (ETF) (NYSE: XLE).

Dan Nathan believes that Energy Select Sector SPDR (ETF) and SPDR S&P Oil & Gas Explore & Prod. (ETF) (NYSE: XOP) are going to consolidate after a breakout on the upside. He added that Schlumberger Limited (NYSE: SLB) could break out on the upside.

Guy Adami is a buyer of Anadarko. He thinks it could trade higher, to its low $80s.


Related Articles (OIH + APC)

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Posted-In: CNBC Dan Nathan Guy Adami Karen Finerman Tim Seymour Fast MoneyMedia Trading Ideas Best of Benzinga