Fast Money · Oct 8, 2026
With Tim Seymour, Founder and CIO of Seymour Asset Management · Rebecca Patterson, Senior Fellow at the Council on Foreign Relations · Katie Stockton, Founder and Managing Partner of Fairlead Strategies · Dan Nathan, Principal at RiskReversal Advisors
Oil jumped and Treasury yields fell on the same day, which Tim Seymour said broke the pattern of the previous couple of weeks, when crude fell and yields rose.
The host asked how closely energy holders should watch a day of Gulf attacks and a hurricane headed for the oil rigs. Seymour said he has been long energy for a while and holds it as an investment rather than trading the news.
"I think what investors are trying to grapple with is where this is a trade and where this is an investment." — Tim Seymour
Tim Seymour, founder and CIO of Seymour Asset Management, has been part of CNBC's Fast Money since the program began. He sat on the desk with Rebecca Patterson, a senior fellow at the Council on Foreign Relations, Katie Stockton, who founded the technical-analysis research firm Fairlead Strategies, and Dan Nathan of RiskReversal Advisors.
The full segment is covered here so you can skip it.
Here are the 5 arguments that matter.
Key Takeaways
Seymour holds energy as an investment, not a trade, and he likes SLB despite its Middle East exposure
A panelist said crude needs a premium if the US will not use its might to deter attacks in the Persian Gulf
China capped oil prices over the summer by acting as the consumer of last resort, a panelist said
Bank stocks are deeply oversold inside long-term uptrends, Stockton said, ahead of earnings on Tuesday
She sees the 3-to-1 ratio of upside to downside she wants for a trade
1. Energy as an Investment
The host said the refining stocks have done very well and their earnings estimates keep rising, and asked Seymour how closely holders of energy stocks should watch the headlines.
The headlines matter most below the surface, Seymour said
They are critical for oil-service companies with exposure to the Gulf of Mexico and for those hit by events in Saudi Arabia, such as SLB. For a couple of weeks Brent crude had fallen while Treasury yields rose.
"And there's this relationship that was bizarrely broken today. We had a big move higher in oil and ultimately a big move lower in yields." — Tim Seymour
He cited CNBC's Steve Liesman and the MOVE index, which measures expected swings in Treasury yields, and said Treasury volatility is the bigger issue right now. Seymour still thinks it is a function of the oil price, and said he would not move far from the energy trade.
SLB is his pick, with a risk to watch
"I like SLB — remember, this is a company that has a lot of exposure to the Middle East." — Tim Seymour
That exposure is not good at the moment, he said, and the company reports in a couple of weeks.
"They're going to report in a couple of weeks, and we need to listen to their guidance on what the East-West pipeline, for example, damage means to them." — Tim Seymour
SLB also has exposure to data centers and other new businesses, he said.
He stays long
"I still think it's an investment, not necessarily a trade, but the headlines today, especially around the storm, are significant." — Tim Seymour
