After oil extended its climb Friday, "Fast Money" traders debated whether some energy companies could get by with the commodity at current levels.
U.S. crude futures settled at $38.50 a barrel, rising for a fourth straight week. Even after those gains, oil prices have fallen about 34 percent in the last year.
Traders assessed multiple companies' prospects with prices around $40 per barrel.
Schlumberger shares have climbed 7 percent this year, ending Friday at $75 per share. Trader Guy Adami contended the stock has moved "too far, too fast."
He believes it could slide below $70 per share.