Date updated:01-14-2009
Joe Terranova told Ratigan that investors should be wary about getting into oil because oil prices are still in a very deflationary environment and haven't been able to crack the 50-day moving average.

-
NOV
Natl Oilwell Varc - $43.53
- +1.73%
- $43.95
He said a less risky bet would be to get into stocks like National Oilwell Varco(NOV), Suncor (SU) and ConocoPhillips(COP).

-
COP
Conocophillips - $52.37
- +0.56%
- $52.78
He said a less risky bet would be to get into stocks like National Oilwell Varco(NOV), Suncor (SU) and ConocoPhillips(COP).

-
SU
Suncor Energy Inc - $36.67
- +3.03%
- $36.75
He said a less risky bet would be to get into stocks like National Oilwell Varco(NOV), Suncor (SU) and ConocoPhillips(COP).

-
FXC
Crrncyshrs Can Dl - $94.42
- +1.28%
- $94.49
He also liked CurrencyShares Canadian Dollar Trust(FXC) for its exposure to oil.
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