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Jim Cramer's Stop Trading: EOG

NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said he is bullish on shares of EOG Resources (EOG), which just completed a 2-for-1 stock split. 

Cramer said the company has five wells pumping more than 13,000 barrels of oil per day, which is nowhere near the kind of growth most investors expected from EOG. The company has wells operating in the Permian Basin, Eagle Ford Shale and Bakken formation. 

The stock made all-time highs on Monday but Cramer said, "This stock is not done going higher." 

While he wishes CEO Mark Papa hadn't retired from the company last year, he still thinks EOG "is one of the great oil companies" today. 

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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