Fast Money's Volatile Oil Trade
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Created by barrons2
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Date updated:08-13-2008

Oil prices fell on Monday as a drop in crude imports by No. 2 consumer China outweighed concerns over supply disruptions stemming from the conflict between Russia and Georgia.

symbol name last price % change open
  • +
  • APA
    Apache Cp
  • $83.71
  • -2.30%
  • $83.75

The oil trade is probably being driven by the strong dollar, explains Joe Terranova. But it's natural gas that's got my attention. I think gas is probably finding a bottom. Look at Apache (APA)and Chesapeake (CHK) he says. And if oil moderates and stops going down the integrated names should trade higher.

People owning APA also tend to own: BGCBHPCBIIPSSSRIAAPLAUY

TheStreet.com Rating: B- What is this?

  • +
  • CHK
    Chesapeake Energy
  • $18.29
  • -4.19%
  • $18.43

The oil trade is probably being driven by the strong dollar, explains Joe Terranova. But it's natural gas that's got my attention. I think gas is probably finding a bottom. Look at Apache (APA)and Chesapeake (CHK) he says. And if oil moderates and stops going down the integrated names should trade higher.

People owning CHK also tend to own: ACIAINVANRAPCBBDBTUCMCSK

TheStreet.com Rating: C- What is this?

  • +
  • XOM
    Exxon Mobil Cp
  • $78.25
  • -2.55%
  • $79.25

I'd look at ExxonMobil (XOM) on a valuation basis, Guy Adami suggests.

People owning XOM also tend to own: AAAIGIBMINTCJNJJPMKO

TheStreet.com Rating: B What is this?

  • +
  • FXB
    Crrncyshr Bp Ster
  • $151.07
  • +0.94%
  • $150.78

The fall in oil comes from weakness in the economy, says Karen Finerman. I’m short the British pound (FXB) because I think the economic slowdown will creep across the globe.

People owning FXB also tend to own: BHPEWMEWSFXAFXCGLDIGE

TheStreet.com Rating: No Rating What is this?

  • +
  • UUP
    Ps Db Usd Idx Bl
  • $24.99
  • -0.64%
  • $24.93

I bought the PowerShares DB US Dollar Index Bullish (UUP) on Monday, says Jeff Macke, as a dollar trade. In ag I’d wait for panic selling before getting long.

People owning UUP also tend to own: ALDAUYBACCELGCERNCOGCOST

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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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