DOW
loading...
NASDAQ
loading...
S&P
loading...




Action Alerts PLUS
RealMoney Silver
Market Movers
Stocks Under $10
Options Alerts
Breakout Stocks
View All


Now, enjoy the good life every day!

RSSRSS FEEDS
PODPODCASTS


RealMoney.com: Jim Cramer Blog
Print This Story

Oil Reports Are Slim and Slippery

By Jim Cramer
RealMoney Columnist

4/29/2009 3:38 PM EDT
Click here for more stories by Jim Cramer
 
Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Would someone please show me an article about the oils that is as robust and positive as the action? Will someone please show me something that isn't negative about the group? Will someone give us insight as to why the group is higher, and I don't mean the meager Exxon Mobil (XOM - commentary - Cramer's Take) dividend boost, even as it is great to see with this decline in crude?

 
Today, I steamed when I read this cheap-shot "Heard on the Street" piece about the BP (BP - commentary - Cramer's Take) dividend, the endless hectoring that it can't be maintained. The quarter was great, the company has been committed to it, and the company has made it clear that there is no problem given these prices for oil.

Plus, we crave some analysis that is positive here about the drillers because Baker Hughes (BHI - commentary - Cramer's Take) says that the rig count has been cut in half, and we know that natural gas has been cut by two-thirds, yet the Oil Services HOLDRs (OIH - commentary - Cramer's Take) is screaming. All I am asking for is some help here! This rally is eluding everyone, and I need intel!

We are at a strange moment in the oils. The press is totally captured by the bears. I never read a positive piece about either drillers or oils, even as the former has shown remarkable profitability as witnessed by Halliburton (HAL - commentary - Cramer's Take), Schlumberger (SLB - commentary - Cramer's Take) and Baker Hughes, and the latter is just way too hated, like BP!

Random musings: How about how well these appliances makers act? I think Whirlpool (WHR - commentary - Cramer's Take) is a steal because it is so hated.... Wal-Mart is on fire for the first time in a while.... And Disney (DIS - commentary - Cramer's Take) is on a bust out.

At the time of publication, Cramer was long BP and Wal-Mart.






 RELATED STORIES

Jim Cramer Blog
No Stopping This Monster Move
4/29/2009 2:55 PM EDT
The Fed is doing right by the bulls and end-of-month buying is picking up.

Jim Cramer Blog
Nasdaq Is Rocking
4/29/2009 1:30 PM EDT
Despite analysts' hatred, tech is moving higher amid deft rotation -- and it's not over yet.

Jim Cramer Blog
Bondholders Can't Get a Break These Days
4/29/2009 11:51 AM EDT
The GM deal is typical - workers benefit while bondholders get crammed down.



Jim Cramer is co-founder and chairman of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

TheStreet.com has a revenue-sharing relationship with Amazon.com under which it receives a portion of the revenue from Amazon.com purchases by customers directed there from TheStreet.com.



Brokerage Partners



Write us!
Order reprints of TSC articles.

TheStreet Premium Services
Jim Cramer
Jim Cramer's Action Alerts PLUS
Now any level of investor can trade right alongside a Wall Street pro — and enjoy 24/7 access to his portfolio! Learn More
Doug Kass
RealMoney Silver
The genius of Doug Kass + 5 Premium Services = an unrivaled group of expert fundamental analysts, technical analysts, and Wall Street observers. Learn More
Don Dion
NEW! Don Dion's ETF Action
A concise two-step strategy for learning and trading in this increasingly lucrative area of investing. For all levels of investors! Learn More
David Peltier
Stocks Under $10
David Peltier is ready to help you find affordable stocks under $10. Because they're so inexpensive, the payout could be enormous! Learn More
Bryan Ashenberg
Breakout Stocks
Bryan Ashenberg combines sophisticated screening software with eagle-eye analysis to find small and mid-caps ready to break out! Learn More

Investor Relations | Privacy Policy | Terms of Use | Conflicts Policy | Corrections | Internet Index | Advertise | FAQ
Site Map | Who's Who | Reader Feedback | Employment | Contact Us
RSSSubscribe to our RSS Feed
© 1996- TheStreet.com, Inc. All rights reserved.
TheStreet.com's enterprise databases running Oracle are professionally monitored and managed by Pythian Remote DBA.