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Jim Cramer's Stop Trading: Don't Sell These Oil Stocks

NEW YORK (TheStreet) -- Core Laboratories (CLB - Get Report) is down nearly 20% after missing top and bottom line estimates and failing to provide guidance above consensus. 

Monday on CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, called Core Laboratories "one of the most highly valued," yet best run companies in the oil sector. 

He attributed the lack of exploration in the Gulf of Mexico as the main culprit behind Core Laboratories' disappointing earnings result. 

However, Cramer mentioned that management had nothing negative to say in regards to the Permian basin, from where most of the company's growth comes. 

Investors certainly should not sell the stocks of other companies that operate in the Permian basin, he added, specifically referring to Pioneer Natural Resources (PXD - Get Report), EOG Resources (EOG - Get Report) and Exelon Corp. (EXC)

Cramer also said investors should not sell shares of Schlumberger (SLB).


-- 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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