Energy is early in the cycle.

CNBC: Jerry Castellini

Jerry Castellini, President/CIO at CastleArk Management talks about the Fed, housing and then oil.

Quotes:

"This oil move, it's ironically still in that debate phase, where people are still trying to debate where $50, or $30, or $60; the reality is the stuff has to be priced at $100 to $200 over the next 10 years to attract enough capital to keep it flowing."

....

"It's still way early, Mark. This is no different than the retail/consumer space in the 80's, or the tech space in the 90's. This is a 10+ year cycle. We haven't even found that price point yet where consumers will stop using it."

[Maybe soon enough we will..]

Kenneth Heebner, CGM Capital Management, highlights one of his favorite stocks, Petrobras.

CNBC: Kenneth Heebner.