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CNBC Bonus Bucks Trivia: In “$135: The Biggest Loser” the Fast Money team warned of companies hurt by oil prices. Which stock did they PAN?

Tags: PetroChina (PTR), CNBC Trivia, PTR
27 May 7:40pm
Posted by BillTrent
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In “$135: The Biggest Loser” the Fast Money team warned of companies hurt by oil prices. Which stock did they PAN?

It’s ironic in a way, but according to Tim Seymour, certain oil companies are going to have the hardest time coping with $135 crude. A company like PetroChina

PetroChina Co Ltd

PTR


136.83  -1.55  -1.12% 

NYSE

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(PTR), that produces a refined product which it then has to subsidize to a local market, is going to suffer, he said.

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BillTrent

Stock Market Beat editor William A. Trent, CFA, has been an equity analyst since 1996 and is co-author of Understanding and Evaluating Prospectuses, Offering Documents, and Proxy Statements. Prior to starting Stock Market Beat he was Senior Equity Analyst for New Amsterdam Partners LLC, a $6 billion institutional asset manager. His experience covers all market-cap sizes and is primarily within the TMT (Telecom, Media and Technology) and Transportation sectors. He is also the senior editor of Financial Education. He is available for freelance writing and consulting projects and can be contacted here. He is not, however, a registered investment advisor and will not accept funds for management.

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