This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Cramer: Drawn to the Drillers

NEW YORK (Real Money) -- I have not seen this kind of sustained move in the oils since the early 1980s, when there were oil takeovers pretty much every single week.

Now some of it is certainly the price of crude, which has been up huge because of Iraq. But a lot of it is the organic growth that these companies are exhibiting, much of it accelerating as they begin to drill more holes in tighter spaces.

Even after these runs I am still attracted to Anadarko (APC), Apache (APA), EOG (EOG), Pioneer (PXD), Cimarex (XEC), Continental (CLR), Noble Energy (NBL) and Carrizo (CRZO) because I think, in every case, numbers are too low. I still like Occidental (OXY) for its upcoming restructuring and Marathon Oil (MRO) for its takeout value.

The major oil-services stocks all still have the possibility of further appreciation but I am drawn to the drillers, notably Ensco (ESV) and the boutique specialty plays, notably Basic Energy (BAS) and, at these prices, Core Labs (CLB).

These are becoming the stocks to own into the end of the quarter. I like them both for trades and investments.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long ESV, MRO and APC.Editor's Note: This article was originally published at 4:18 p.m. EDT on Real Money on Friday, June 20.

Here's What We Think We Know About the Next iPhone

The Truth About Rental Cars and Insurance

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs