NEW YORK ( TheStreet) -- I was talking to Jim Cramer about two oil companies that have reported earnings this week, Anadarko Petroleum (APC - Get Report) and BP (BP - Get Report). I thought it was interesting to note when good earnings, in the case of Anadarko, might give an investor an opportunity to take some profits, and when bad earnings, as in the case of BP, might yield an opportunity to buy.Anadarko, which has been a big recommendation of mine for the last several weeks, has been hitting on all cylinders and its latest quarterly results reflected that, with a beat on consensus earnings of 14 cents a share. It has benefited from a rise in domestic oil prices and continued production growth. It seems to be in every one of the hottest areas of U.S. energy production -- the Wattenberg, the Eagle Ford, the Bakken and with natural gas in the Marcellus. Everything seems right for Anadarko.
Dicker: BP Is a Screaming Buy
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