Fast Money's Oil Exploration Stock Picks
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Date updated:03-11-2008

Exxon Mobil (XOM) intends to increase capital spending by 25% to a record $25 billion in 2008. Chief Executive Rex Tillerson, speaking at the company's annual meeting with analysts in New York, said the money will go toward the start-up of 19 major new oil and gas projects. Who benefits from new exploration for oil reserves?

symbol name last price % change open
  • +
  • BHI
    Baker Hughes Intl
  • $35.92
  • -5.67%
  • $37.25

I think the money goes right into the service sector, explains Pete Najarian. Check out Baker Hughes (BHI), Schlumberger (SLB), or Halliburton (HAL).

People owning BHI also tend to own: ANNAUYBACERICFGEGLW

TheStreet.com Rating: C What is this?

  • +
  • SLB
    Schlumberger Ltd
  • $45.61
  • -4.18%
  • $46.45

I think the money goes right into the service sector, explains Pete Najarian. Check out Baker Hughes (BHI), Schlumberger (SLB), or Halliburton (HAL).

People owning SLB also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: C What is this?

  • +
  • HAL
    Halliburton Co
  • $20.69
  • -1.05%
  • $20.30

I think the money goes right into the service sector, explains Pete Najarian. Check out Baker Hughes (BHI), Schlumberger (SLB), or Halliburton (HAL).

People owning HAL also tend to own: ATIMFLXTEXTIEAIGBAC

TheStreet.com Rating: C What is this?

  • +
  • AKS
    A K Steel Hldg Co
  • $11.72
  • +4.92%
  • $11.42

And, if you want to take it a step further look at AK Steel (AKS) and US Steel (X). They supply the metal and steel needed by the service sector. - Najarian

People owning AKS also tend to own: BACOGNLUKMMMMOUNHAKN

TheStreet.com Rating: C What is this?

  • +
  • X
    United States Ste
  • $37.21
  • -7.30%
  • $39.06

And, if you want to take it a step further look at AK Steel (AKS) and US Steel (X). They supply the metal and steel needed by the service sector. - Najarian

People owning X also tend to own: ATINUEOSRSLENRYLADP

TheStreet.com Rating: C What is this?

  • +
  • ANR
    Alpha Natural Res
  • $19.39
  • -10.31%
  • $20.97

I also like Alpha Natural Resources (ANR) for coal and Bucyrus International (BUCY) for machinery, Najarian adds.

People owning ANR also tend to own: AAPLEPGSHDMOPMRIMM

TheStreet.com Rating: C+ What is this?

  • +
  • BUCY
    Bucyrus Internati
  • $21.20
  • -8.11%
  • $22.23

I also like Alpha Natural Resources (ANR) for coal and Bucyrus International (BUCY) for machinery, Najarian adds.

People owning BUCY also tend to own: ECAFLIRHANSINGRTMVLOWIRE

TheStreet.com Rating: C What is this?

  • +
  • OIH
    Oil Service Holdr
  • $83.01
  • -4.27%
  • $84.57

Or check out the Oil Services HLDRS (OIH), says Karen Finerman.

People owning OIH also tend to own: BTUSPYXLEXOMDVNMPETSUN

TheStreet.com Rating: No Rating What is this?

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bubble(3)
Q. Cramer has been pushing buying p...
01.09.09 | 00:05 AM Asked by Johnny1205

A. There IS an advantage to ariticulate
one's gameplan, whether a trader or an
investor.

As an investment (at least one year and
a day), NOV and RIG represent money in
the bank.

NOV is deep in the money (on hand) with
respectable backlog of orders and RIG is
best of breed deep sea driller currently
operating where the proven oil reserve
is for the future.

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