The stock is soaring on Monday after the company announced the completion of a well at its Tuscaloosa Marine Shale, based in Louisiana. Cramer said GDP has been forgotten by investors.
He added that investors can find good exposure to the Eagle Ford Shale via EOG Resources (EOG - Get Report), while Pioneer Natural Resources (PXD - Get Report) has solid exposure to the Permian Basin.Cramer also pointed out SandRidge Energy (SD - Get Report) -- one of Leon Cooperman's favorite stocks -- which seems to be "getting a little love" from investors lately. In general, he suggested that oil production growth in the United States has been, and will continue to be, much stronger than many people think.
-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell