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BusinessLogr > Investing > Top trader Najarian: An oil stock ready to rally
Investing

Top trader Najarian: An oil stock ready to rally

deep
Last updated: 2015/12/20 at 6:53 AM
deep Published December 20, 2015
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Workers stand next to water service tanks at an Anadarko Petroleum hydraulic fracking site near Dacono, Colorado.

Workers stand next to water service tanks at an Anadarko Petroleum hydraulic fracking site near Dacono, Colorado.

In hopes of keeping his market-beating performance going this year, Jon Najarian bought shares of Anadarko Petroleum for his “Halftime Report” model portfolio, after spotting unusual options activity.

Shares of the oil and gas exploration company are down by more than 30 percent since reaching a record price of about $113 a share in August of last year, weighed by oversupply concerns in the energy complex.

But as the stock hovers near a four-year low, Najarian speculates this
[“source -cncb”]

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TAGGED: Top trader Najarian: An oil stock ready to rally
deep December 20, 2015
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