Market Overview

4 Ways To Trade The OPEC Meeting

4 Ways To Trade The OPEC Meeting

On CNBC's Fast Money, Guy Adami said that Anadarko Petroleum Corporation (NYSE: APC) could move 8 to 10 percent higher on the news of OPEC production cuts. He added that refiners are going to be dead money for some time.

Tim Seymour thinks that VanEck Vectors Oil Services ETF (NYSE: OIH) should be bought on the news. He added that the small- and the mid-cap stocks should gain the most from the production cuts. He wouldn't buy the big integrated companies.

Related Link: Oil Stocks Gushing Higher On News Of OPEC Output Limit Deal

Karen Finerman also likes Anadarko. She explained that the company was buying assets, with the money acquired from the secondary offering and she thinks that now that move looks like a smart move.

Brian Kelly wouldn't chase VanEck Vectors Oil Services ETF after it jumped almost 6 percent on Wednesday. If it pulls back to $26, he would be a buyer, because he sees a great risk reward at that price level.


Related Articles (OIH + APC)

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