This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Quick Take: Cramer Says Own Independent Oil Names

NEW YORK ( TheStreet) -- As oil continues to surge higher, now well over $100 a barrel, many investors are wondering what to make of it. With thoughts on how to participate are the TheStreet's Jim Cramer and Joe Deaux

"It's wild," Cramer began, citing the huge move from $90, where it seems as if oil had been trading at for ages.

Once oil took out a few technical levels to the upside, the shorts covered and the direction has been up ever since, with oil now trading near $105.

Along with the technicals, Cramer pointed to Dan Dicker, who's been spot on about oil after trading it for more than 25 years. Dicker says that the hedge funds want to own a commodity and with the poor performance of grains, corn and metals -- particularly gold -- they have turned to oil.

"It's very crowded," Cramer added.

So how do you play it? Through the oil companies, of course.

EOG Resources (EOG - Get Report), Anadarko Petroleum Corp. (APC - Get Report) and Occidental Petroleum Corp. (OXY - Get Report) will all benefit from the rising price of oil, Cramer said.

He added that Continental Resources (CLR - Get Report) will also do well because of the Bakken.

Cramer observed that any company taking oil from U.S. soil should do well, citing the huge margins from selling in the international markets. "They are coining money here," he said.

On the other hand, while this might be a bonanza for the domestic oil companies, it's the not the same story for the drillers, he warned. Video:
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
APC $47.03 -6.10%
CLR $34.85 -3.00%
EOG $79.35 -1.60%
OXY $73.99 -2.10%
AAPL $94.30 -0.92%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,052.63 -10.74 -0.52%
NASDAQ 4,730.8550 -32.3690 -0.68%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs