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Rising Oil Prices Put Integrated Names Into Play


As oil prices rose for the fourth day in a row to $99 a barrel Thursday, “Fast Money” pros said integrated companies were the way to play the market.

“Everybody right now is so hungry for yields,” said trader Pete Najarian.

Light crude rose nearly 1 percent midday to $99.60, with Brent crude rising 57 cents to $108.28.

Financials Leading the Market

Strong oil stocks included such names as ConocoPhillips, Chevron, and BP.

“It’s not just a hideout,” he said. “I think you’ll get the performance. You’re seeing it today out of Exxon Mobil.”

Options trader J.J. Kinahan agreed.

“They’re solid companies, they pay solid dividends and that’s what people are going to be hungry for,” he said.

Trader Steve Grasso noted a couple of factors that could put pressure on oil stocks.

“If Keystone Pipeline gets done — and many people believe it will get done — it’s another thing that will be on the bear side when it comes to refiners,” he said.

Libya was another possible caveat. The country’s production is back up to producing of half the 1.6 million barrels per day it saw before Muammar Gaddafi was deposed.

“That could put a crunch on the integrated names,” Grasso said.

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Trader disclosure: On Dec. 22, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns XLU;

Steve Grasso
Stuart Frankel and its partners own

Stuart Frankel and its partners own CSCO

Stuart Frankel and its partners own CUBA

Stuart Frankel and its partners own GM

Stuart Frankel and its partners own GERN

Stuart Frankel and its partners own HPQ

Stuart Frankel and its partners own HSP

Stuart Frankel and its partners own HSPO

Stuart Frankel and its partners own MU

Stuart Frankel and its partners own NEM

Stuart Frankel and its partners own NYX

Stuart Frankel and its partners own PRST

Stuart Frankel and its partners own RDC

Stuart Frankel and its partners own UAL

Stuart Frankel and its partners own XRX

Patty Edwards
Trutina Financial is long COST

Trutina Financial is long BA

Trutina Financial is long INTC

Trutina Financial is long KMP

Trutina Financial is long VLO

Trutina Financial is long ED

Trutina Financial is long NKE

Trutina Financial is long TGT

Trutina Financial is long COP

Liz Dunn
The views expressed in this research accurately reflect the personal views of the analyst(s) about the subject securities or issuers and no part of the compensation of the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst principally responsible for the preparation of this research receives compensation based on overall revenues of Macquarie Group Ltd ABN 94 122 169 279 (AFSL No. 318062) (MGL) and its related entities (the Macquarie Group) and has taken reasonable care to achieve and maintain independence and objectivity in making any recommendations.

Todd Gordon
No disclosures

Brian Marshall
(JNPR): Neither ISI nor its affiliates beneficially own 1% or more of any class of common equity securities of the subject companies referenced in this Report. No person(s) responsible for preparing this report or a member of his/her household serve as an officer, director or advisory board member of any of the subject companies. Neither ISI nor its affiliates have any investment banking or market making operations. At various times these reports mention clients of ISI from whom ISI has received non-investment banking securities related compensation in the past 12 months.

Zack Karabell
River Twice owns IBM

River Twice owns ORCL

Srini Sundararajan
Oppenheimer & Co. Inc. makes a market in the securities of INTC.