Crude oil prices tumbled into the close Thursday, while energy stocks saw a slight bounce on news that Halliburton was looking to acquire Baker Hughes. That provided a variety plays, the CNBC "Fast Money" traders said.
"It's fantastic if you're driving a giant SUV. That's fantastic. But actually if you're a roughneck in the middle of Texas, I'd be a little concerned at this point in time," Brian Kelly of Brian Kelly Capital said. "I think with the Baker Hughes news, that doesn't necessarily put a bottom in oil, but it may put a bottom in the oil-service stocks because everybody will be out there, betting who's next. And they actually have diverged from oil, if you noticed, since the middle of October."
Kelly said that his play would be Occidental.