On CNBC’s “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners said Devon Energy Corp’s (NYSE: DVN) stock is likely to be driven by natural gas and that oil could be “rocky for a while.”
Joseph Terranova of Virtus Investment Partners chose Valero Energy Corporation (NYSE: NYSE:VLO) as his final trade.
Check out other energy stocks making moves in the premarket.
Jim Lebenthal of Cerity Partners said that around 75% of what flows through the pipelines of Kinder Morgan Inc (NYSE: NYSE:KMI) is natural gas and that’s “gonna pick up along with the price because Europe needs it.” Normally, where this many people are on one side of the trade, it’s a good time to go the other way, Lebenthal stated.
He added, however, that this may not be the right move for Kinder Morgan’s stock. “The supply-demand imbalance is stark in both natural gas and crude oil,” Lebenthal explained.
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Bryn Talkington of Requisite Capital Management chose Viper Energy Partners LP (NASDAQ: VNOM). “Texas-based mineral and royalty interest in natural gas and oil, so has about a 10% distribution,” she said. “Go oil, go energy,” Bryn added.
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