Publish date:

Jim Cramer's Stop Trading! Cheering Chevron

Cramer wouldn't sell the stock.

Cramer wouldn't sell


(CVX) - Get Chevron Corporation Report

despite Monday's Deutsche Bank downgrade, he said on


's "Stop Trading!" segment.

Cramer said he is bullish on oil and the oil-companies trade as a group because of the action in exchange-traded funds and other factors. So he wouldn't sell Chevron, which he conceded is one of the less efficient operators in the industry, because it trades at just nine times earnings and pays a solid dividend.

Chevron has "the most room for improvement," Cramer said, and "a lot of untapped reserves" to boot. He said the stock, trading at $73 and change, has the most upside in the sector.

Cramer doubts that


TheStreet Recommends

(NBR) - Get Nabors Industries Ltd. Report

will get a leveraged buyout despite the incessant rumors to that effect on Wall Street. Cramer said the oil services firm has become "a rumor stock" now that CEO Gene Isenberg has said he's fed up with its low valuation. But Cramer noted that Nabors posted a weak quarter, which means the company may not be in position to get the premium it wants after a recent runup.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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