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Halftime: Top 3 Energy Trades in 2011

The demand for oil will slow to 1.5 million barrels a day in 2011, sending the price of oil down to $87 a barrel, predicted a top analyst on Tuesday.

"I think there's a big risk here that we get big upside in that oil demand number," added Paul Sankey, an analyst at Deutsche Bank. "This year's demand growth 2.4 million barrels a day. I think we could see over 2 million, in which case, we'll have to go higher with [the price per barrel]."

Having previously worked in Scotland for oil consulting firm Wood Mackenzie and also at the International Energy Agency, "Institutional Investor" recently ranked Sankey one of the top analysts in integrated oil. He revealed his top trades for 2011:

ConocoPhillips: The Houston-based oil giant is doing an "enormous buyback" of 10 to 15 percent of stock, which includes an underlying yield of around $10 billion. It is very leveraged for any upside in markets and would benefit from a strong U.S. economy, but if none of that happens, investors have the buyback to fall back on.

HollyandFrontier: There is no rush to allow for deepwater drilling in the Gulf of Mexico, said Sankey, so companies with exposure there will likely be hurting for a few years. HOC and FTO, however, will benefit from onshore drilling and availability of crude in Canada.

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ACTIVISION'S 'BLACK OPS' TOPS $1B IN SALES

Activision Blizzard's stock climbed on Tuesday, as sales of its "Call of Duty: Black Ops" video game has now generated more than $1 billion in sales since its November release.

Asked by CNBC's Melissa Lee if a good way to play the hot "Black Ops" sales is through video game retailer GameStop, Patty Edwards of Trutina Financial said no. She thinks there are so many places to buy this video game, so GameStop isn't your best bet.

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Trader disclosure: On Dec. 21, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian owns (KRE) calls; Pete Najarian owns (YHOO); Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (AKAM) call spreads; Pete Najarian owns (V) call spreads; Pete Najarian owns (WLT) call spreads; Pete Najarian owns (C); Pete Najarian owns (MS); Pete Najarian owns (NKE) call spreads; Pete Najarian owns (GE); Pete Najarian owns (F); Pete Najarian owns (BBY) calls; Pete Najarian owns (SMH) call spreads; Pete Najarian owns (M) call spreads; Pete Najarian owns (HK) calls; Pete Najarian owns (MRO); Pete Najarian owns (CNI); Cortes is short (XRT) vs. (SPY); Cortes is short (BAC) vs. (SPY); Cortes is short (MOS); Cortes is short (LVS); Cortes is long USD vs. Mexican Peso; Cortes is short European Stoxx Index; Cortes is short Corn; Cortes is short Nat Gas; Cortes is short Gold

For Brian Kelly
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (AKAM)
Accounts Managed By Kanundrum Capital Own (JEF)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (SWC)
Accounts Managed By Kanundrum Capital Own USD
Accounts Managed By Kanundrum Capital Own (CLF)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Are Short The Yen
Accounts Managed By Kanundrum Capital Are Short The Euro

For Patty Edwards
Edwards owns (ALK) for clients
Edwards owns (AAPL) for clients
Edwards owns (MSFT) for clients
Edwards owns (GS) for clients
Edwards owns (C) for clients
Edwards owns (CME) for clients
Edwards owns (V) for clients
Edwards owns (NKE) for clients
Edwards owns (CBI) for clients
Edwards owns (AMZN) for clients
Edwards owns (F) for clients
Edwards owns (GM) for clients
Edwards owns (GLD) for clients
Edwards owns (TTM) for clients
Edwards owns (SLV) for clients
Edwards owns (GE) for clients
Edwards owns S&P 500 for clients
Edwards owns Nasdaq for clients

For Paul Sankey
(SUN) is an investment banking client of DBSI
Deutsche Bank and/or its affiliate(s) has received non-investment banking related comp. from (SUN) within past year
Deutsche Bank owns 1% or more of any class of common equitys securities of (VLO)
(VLO) is an investment banking client of DBSI
Deutsche Bank and/or its affiliate(s) has received non-investment banking related comp. from (VLO) within past year
(VLO) has been a client of Deutsche Bank Securities within the past year, receiving non-investment banking securities-related services
(FRO) is an investment banking client of DBSI
(HOC) is an investment banking client of DBSI

Regis Philbin SOT
Philbin has no disclosure in (MU)

GE is the parent company of CNBC
NBC Universal is the parent company of CNBC

CNBC.com with wires.

Symbol
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ATVI
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COH
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COP
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GME
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HEP
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