Cramer's 'Mad Money' Recap: Ramblin' ROSE

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A rose by any other name would not smell as sweet, Jim Cramer told viewers of his "Mad Money" TV show Monday, referring to Rosetta Resources (ROSE Quote).

Until now, people have probably never heard of Rosetta, he said, but it's likely they do remember the bankrupt Calpine Power.

Rosetta, one of the best and cheapest oil companies around, was formed to buy Calpine's oil and natural gas assets for "way less than they were worth," before the big lift in energy prices, Cramer explained.

Now under a different outfit and different name, Rosetta has been able to develop its assets and increase production because it can afford to drill, he said. This year the company expects to increase production by 36%. It is an "oil and gas accelerated growth play," Cramer said.

"Rosetta isn't just undervalued; some would say it's criminally mispriced," he went on to say. If more market players were paying attention to it, Rosetta wouldn't be this cheap, Cramer said. And now they will be.

"ROSE is a little oil company with stellar growth and very little coverage," he said.

Further, although it's true that Calpine's creditors can try to go after the assets it tried to sell to Rosetta before Calpine went bankrupt, Cramer believes that the creditors are doing too well to try to go after Rosetta and would probably fail if they did.

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