Fast Money's Black Gold Trades
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Date updated:10-21-2009

Is oil about to rally hard, just like gold did a few weeks back? What's the trade?

symbol name last price % change open
  • +
  • SLB
    Schlumberger Ltd
  • $63.34
  • -1.86%
  • $64.22

Seymour said Schlumberger (SLB) and Halliburton (HAL) are making a lot of money off drilling and exploration in areas like Eastern Europe and Africa.

People owning SLB also tend to own: AXAFDXNOKNUERTPTMAAPL

TheStreet.com Rating: B- What is this?

  • +
  • HAL
    Halliburton Co
  • $29.88
  • -1.84%
  • $30.22

Seymour said Schlumberger (SLB) and Halliburton (HAL) are making a lot of money off drilling and exploration in areas like Eastern Europe and Africa.

People owning HAL also tend to own: ATIMFLXTEXTIEAIGBAC

TheStreet.com Rating: B- What is this?

  • +
  • USO
    U.s. Oil Fund Et
  • $39.42
  • -0.61%
  • $39.08

With oil up 9% this week, Terranova said the next target will be $80 a barrel. He said he sees a lot of buying interest in the oil pits.

People owning USO also tend to own: AAADMCCRTCVXEWBCFMDMRO

TheStreet.com Rating: No Rating What is this?

  • +
  • WFT
    Weatherford Intl
  • $16.93
  • -3.37%
  • $17.43

If you're bullish energy I'd play the energy space with Weatherford (WFT), adds Pete Najarian.

People owning WFT also tend to own: DENNRIRIGVLOBRK-ACHKCX

TheStreet.com Rating: C What is this?

  • +
  • OIH
    Oil Service Holdr
  • $117.10
  • -2.25%
  • $118.92

I 'do' think oil continues to rally, says Joe Terranova. And I’d play it with the oil services (OIH) names as well as the refiners.

People owning OIH also tend to own: BTUSPYXLEXOMDVNMPETSUN

TheStreet.com Rating: No Rating What is this?

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