Fast Money's Oil Bottom Trades
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Created by barrons3
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Date updated:01-28-2009

With crude oil prices up four days in a row, Joe Terranova said the bottom is in and that investors should cover their shorts and start going on the long side. Terranova said all the technical and psychological indicators point to a bottom, adding the OPEC cuts are beginning to work

symbol name last price % change open
  • +
  • HES
    Hess Cp
  • $58.73
  • -0.19%
  • $59.68

If you’re looking for a trade look at big oil, counsels Terranova. “I’d be a buyer of big oil on bad earnings. Maybe look at Hess [HES] and stay away from the United States Oil Fund [USO].”

People owning HES also tend to own: ADBEAGUCOINEBSEMUFRGGCT

TheStreet.com Rating: C+ What is this?

  • +
  • USO
    U.s. Oil Fund Et
  • $39.38
  • -0.10%
  • $40.16

If you’re looking for a trade look at big oil, counsels Terranova. “I’d be a buyer of big oil on bad earnings. Maybe look at Hess [HES] and stay away from the United States Oil Fund [USO].”

People owning USO also tend to own: AAADMCCRTCVXEWBCFMDMRO

TheStreet.com Rating: No Rating What is this?

  • +
  • PBR
    Petroleo Brasilei
  • $51.13
  • +2.14%
  • $51.87

Of if you’re looking for an emerging markets trade Tim Seymour recommends Lukoil (LUKOY) and Petrobras [PBR].

People owning PBR also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: B What is this?

  • +
  • LUKOY.PK
    Lukoil Co Spons A
  • $60.50
  • 0.00%
  • $N/A

Of if you’re looking for an emerging markets trade Tim Seymour recommends Lukoil (LUKOY) and Petrobras [PBR].

People owning LUKOY.PK also tend to own: AKAMAMGNBKBOTCLBCMECOP

TheStreet.com Rating: No Rating What is this?

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