From Worst to First...to Worst. Trading the Pullback in the Energy Sector
CNBC's "Fast Money"
00:00
The Oil Stocks Are Wildly Underpriced
Nayden: When oil's at 70 bucks, the o i h has tended to be at like 500. Nayden: So either the price of oil has got to come down, or the oil stocks are wildly underpriced. Neyden: I think i'm closer to where guy was, which is the stocks had led the downturn here. And it doesn't mean that they can't take a lay ing up higher. "I view the current uh softness as more of a consolidation," he says.
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