Jim Cramer's 'No. 1 Angry Name'

The stock has lost some 30% since Cramer bought it for his charitable trust.
By TheStreet Staff ,

Jim Cramer says Apache Corp. (APA) - Get Report is his "No. 1 Angry Name" because the oil company has shed some 30% since he bought shares for his charitable trust.

Cramer told a conference call with members of his Action Alerts PLUS club for investors that he loves Apache's assets (especially a major Texas oil find called the "Alpine High"), but that the market keeps ignoring the company's positives.

"Do you know that [the Alpine High] is very for real?" he said. "They are spending fortunes developing pipe to take it out of the ground, but nobody cares. And I mean nobody, even though everyone was crazy about it when the stock was in the $60s and the price of oil was below here."

Want to join in on Jim's monthly conference calls? Click here for a free 14-day trial subscription to Action Alerts PLUS and hear all of the latest call, plus get e-mails before Jim makes any trade and enjoy lots of other exclusive material.

More of What's Trending on TheStreet:

Watch More with TheStreet:

Action Alerts PLUS

, which Cramer co-manages as a charitable trust, is long APA.

Loading ...