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Kevin O'Leary Turns Bearish On Schlumberger And Chevron After Debate

Yahoo Finance

On CNBC's "Fast Money Halftime Report," Kevin O'Leary said he's short Schlumberger (NYSE: SLB) and Chevron (NYSE: CVX) after originally wanting to go long.He changed his mind after hearing Joe Biden's view on fracking during Thursday night's presidential debate."A closer election than what people think, a contested outcome for about five days," said O'Leary. "The time to buy energy stocks is gonna be in the chaos of not knowing whether Biden, who made it clear last night, wants to wipe out the hydrocarbon infrastructure."He's going to stay in the trades until chaos hits, then he'll go long on the aforementioned stocks.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 18 Stocks Moving In Thursday's After-Hours Session * Chipotle's CEO On Digital Business, Potential Price Hikes, Growth(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Christine Watkins

Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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