NEW YORK (TheStreet) -- When BP (BP) - Get BP p.l.c. Sponsored ADR Report first moved into Iraq, "everyone laughed," said Jim Cramer on Monday's "Stop Trading!" segment on CNBC. What has the stock done since? "Nothing but go up," he said.
"People understand that being friendly with the Iraq government could mean a lot of good things," said Cramer. "I think BP is a huge winner." Cramer owns BP for his
Iraq's going to be a huge winner too, he said, "because they can drill and drill and drill." He said
might even bring Iraq up when it reports earnings later this week.
Cramer also thought
National Oilwell Varco
"could get a lot of orders from this" and that
should consider going "into Iraq before BP locks it all up."
-- Written by Rebecca Corvino in New York.
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned BP for his Action Alerts PLUS charitable trust.)