NEW YORK (
is a very dangerous stock, Jim Cramer said during his
segment Friday on CNBC.
Cramer said the oil leak could very easily spew up to 100,000 barrels a day and if there is a hurricane in the Gulf Coast "the company is finished."
Cramer scoffed at those recommending buying BP's stock, saying they "have to have a reason." Cramer added that he is currently worried about
because of BP.
BP's CEO Tony Hayward testified in front of Congress yesterday, and Cramer said he learned a lot from the testimony. "It wasn't just 'let's dunk Hayword in a vat of BP oil,' though that's
not something I would be against.
Instead, Cramer said he likes refineries like
. But his favorite is
, which opened the newest refinery and is undervalued.
-- Reported by Jeanine Poggi in New York.
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