Date updated:08-27-2008
"The speculative froth has been lifted from the oil market and it’s now back to being a fundamental story," says Joe Terranova

-
NOV
Natl Oilwell Varc - $44.88
- +2.00%
- $44.10
The way I recommend playing it is with National Oilwell Varco (NOV) in the oil space. - Joe Terranova

-
FCX
Freeport Mcmoran - $87.32
- +2.02%
- $86.29
Freeport McMoRan (FCX) in the copper space. - Joe Terranova

-
KOL
Market Vectors Co - $35.30
- +1.88%
- $34.91
Coal ETF (KOL) in the coal space. - Joe Terranova

-
UNG
Us Nat Gas Fd Etf - $9.56
- +6.10%
- $9.25
I’m also looking at the United States Natural Gas Fund (UNG) adds Jon Najarian. I’m seeing a lot of out of the money calls in this ETF which suggests it could go higher.
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