Cramer's 'Mad Money' Recap: BASF's Good Chemistry

BASF has a subsidiary that's involved in oil and gas. This is "crucial," because BASF should be getting killed because of high oil and gas prices. But in this case it owns its own supplier.

Prey Tell

The prey is Canadian company Nova Chemicals (NCX Quote).

Nova is the next small chemicals company to be taken out in a big way, he said. More importantly, "brilliant" chemicals analyst Frank Mitsch believes the same thing.

Len Blavatnik, the founder and chairman of Access Industries, is the predator and is building a global chemical company, Cramer explained.

Blavatnik is hungry to grow Access through acquisitions, and the fact that he is continuously being outbid has only strengthened his desire to buy, Cramer said.

"We never speculate on takeovers unless the fundamentals are good, because if they are no good, you're going to get your head handed to you," Cramer continued. "Nova has great fundamentals."

Looking at what comparative companies have been sold at, he estimated that Nova could reach an average price of $56 if it were to get taken out.

"Does it get any better than this?" Cramer asked. "If you want to try to make some easy and big money with chemicals, go for the prey."

Sell Block

During his "Sell Block" segment, Cramer pointed out that over the course of this year, market players have had some big gains.