TheStreet.com TV Recap: The Corn Cartel

Stock quotes in this article: ADM , AGU , AG , DE , RIG , MON , LNDC , DD  

Baker Hughes (BHI Quote), on the other hand, is a "poorly executed company and is taking down its whole group," Cramer said.

Transocean (RIG Quote) -- which Cramer owns for his charitable trust, Action Alerts PLUS -- "is generating too much cash to be a public company," and Cramer said he's surprised a private-equity firm has not stepped in.

If people think there's a cyclical peak in oil, then they should sell Transocean, he said. "I don't believe that. I think Baker Hughes is just not a good operator.

"Transocean is not levered to the Gulf; it is levered to the rest of the world, and that's what's important," Cramer continued. "The ones that are not doing well are levered to this country and to Canada. The ones that are doing well are levered to the rest of the world."

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At the time of publication, Cramer was long Transocean.

Jim Cramer is a director and co-founder 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. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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