NEW YORK (TheStreet) -- TheStreet's Jim Cramer says he likes both EOG Resources (EOG - Get Report) and Schlumberger (SLB - Get Report), but he would take the latter for the long haul because of its amazing franchise that could last for multiple years.
"We rate SCHLUMBERGER LTD (SLB) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
Coal stocks spiked on Friday, and Cramer notes natural gas has some up so it's reasonable to say coal has some value, particularly Peabody Energy (BTU - Get Report); however he has stayed away from coal stocks for a long time and will continue to do so.