Fast Money Traders Share Their Energy Picks

On CNBC's "Fast Money", David Seaburg said that the energy sector, both commodities and the equity, is going lower. He added that there has been a tremendous amount of hedging by producers, which has contributed to an increase in capex and the rig count.

Guy Adami thinks that the risk-reward in Schlumberger Limited. SLB is attractive. He explained that it's trading 9 percent from the January 2016 low and from a potential double bottom.

Tim Seymour wants to buy a yield product and he likes Utilities SPDR (ETF) XLU. He is bullish on Energy Select Sector SPDR (ETF) XLE. He thinks that investors are very negative on the energy sector and the stock became oversold. He added that the demand for crude oil is increasing and below $40, there is no capex.