its not terrible, but its not the best.
ideally, use olive oil...either virgin or extra virgin so long as it holds up to what you're doing with it.
peanut oil has a higher smoking point, so it works better for things like stir-fry.
of course, ideally you'll use Pam or another non-stick cooking spray, and either no oil or just a touch (cuz face it, Pam is no guarantee that it won't stick).
you might want to get a little spray bottle so you can spritz oil when you need it. coconut oil can also be used sparingly, but its semi-solid at room temperature so it depends on how you need to use it. there's sever Precision Nutrition recipes that call for coconut oil.