"You absolutely have to be buying oil stocks into this weakness," said James Cramer Wednesday on his "RealMoney" radio show.
Last week, Cramer said he saw mutual funds buying oil stocks into the end of the quarter to show the stocks on their books at quarter-end. This week, Cramer sees mutual funds selling oil stocks to lock in gains. But, he said, the earnings of smaller oil companies and integrated oil companies -- ones that also make plastic and chemicals -- are "only just beginning to be great."
Examples of companies Cramer would be buying into weakness include Valero Energy (VLO Quote), which he would look to buy around $100, Halliburton (HAL Quote), Schlumberger (SLB Quote), Occidental Petroleum (OXY Quote)and EnCana (ECA Quote). ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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