In “Is The Oil Rally Over?” (May 29) Joe Terranova told the Fast Money traders he’s playing oil by:

“I’m short Hess (HES) and I’m long Southwest Airlines (LUV), long the Canadian dollar and long one of the refiners,” he said.

In the models I use, Hess scores highly for earnings momentum and price momentum but poorly for free cash flow. Southwest Airlines gets high marks for earnings quality and free cash flow but scores low for return potential.

Disclosure: At the time of publication, William Trent has no financial position in the companies mentioned in this article.

By The Numbers blog: Which “winning energy stock” had the greatest 6-month percentage change (as of May 20)?

Here is a look at the companies in the S&P 500 Energy sector that have benefited the most from the rally in crude oil.

Although there were five coal stocks in the same article with higher returns than Hess over the six months, it looked like Hess was the best choice available.

All this talk on the energy crisis has led me to sell my own shares in the oil ETF (USO). However, I still think the long-term trend is up.

Disclosure: At time of publication, William Trent has no financial position in the companies mentioned in this article.