The"Fast Money" traders drilled into the oil sector Thursday after reports that OPEC may lengthen its oil production agreement involving non-members and could take other measures to reach global crude inventory targets.
Trader Pete Najarian said he had no qualms with the news and will continue to hold onto stocks he's held for a long time in the area incuding: JP Morgan Alerian, a midstream energy index ETN, and Kinder Morgan. He said oil transportation stocks give him exposure to the industry and pay a good dividend yield.
The uncertainty with OPEC and the potential Mexican border tax makes trader Karen Finerman wary of the space. Yet, she said she does like Golar LNG because the stock moves with oil prices but the company is not directly affected by the commodity.