Cramer's 'Stop Trading!': Iraq and Friends

NEW YORK (TheStreet) -- When BP(BP Quote) first moved into Iraq, "everyone laughed," said Jim Cramer on Monday's "Stop Trading!" segment on CNBC. What has the stock done since? "Nothing but go up," he said.

"People understand that being friendly with the Iraq government could mean a lot of good things," said Cramer. "I think BP is a huge winner." Cramer owns BP for his Action Alerts PLUS charitable trust.

Iraq's going to be a huge winner too, he said, "because they can drill and drill and drill." He said Schlumberger(SLB Quote) might even bring Iraq up when it reports earnings later this week.

Cramer also thought National Oilwell Varco(NOV Quote) "could get a lot of orders from this" and that Exxon(XOM Quote) should consider going "into Iraq before BP locks it all up."

-- Written by Rebecca Corvino in New York.