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Hitting Pay Dirt

Jim Cramer had a hunk of burning love for all things oil on his "Mad Money" TV show Thursday, pressing the issue that the price of crude is sky-high but that all the stocks aren't rising with it.

The crude price being used is waytoo low and Cramer wants to help you "get revenge for how much you'repaying at the pump."

Right now we are drilling twice as much as we were a few years back, butwe're finding the same amount of oil that we used to, Cramer said. We arerunning out of the easy oil to find, and oil will be going higher.

However, everyone is looking for much lower oil prices. There are only a handful of forecasts about where oil is now, he said.

Cramer said that the best pure play on oil is


(OXY) - Get Report

, which he believes has "the most to gain from high crudeprices" when analysts raise their estimates for crude.

More than 80% of Occidental's upstream volumes are oil -- not refining -- giving it the least overhead.

Cramer said that the stock is just starting tomove, especially after it picked up

Vintage Petroleum

. Occidentalis increasing production while other companies aren't, he said, and because it is the most integrated chemical company, it can supply itself.

Before the Street realizes that "estimates are all criminally too lowfor crude prices," you should get into Occidental, said Cramer.

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Swing Your Partner

In other oil plays, Cramer said that

Energy Partners


is one of thegreatest buy opportunities since he started "Mad Money."

Energy Partners is a company that is most levered to finding new oil,and there's nothing more important than getting to new oil.

It's a riskybusiness, but it can be a lucrative one, he said. Not only is there atremendous demand for companies finding fresh oil, but also this stock is cheap and can give you the most upside.

The company has been deepwater drilling in the Gulf of Mexico, and itwas successful finding new oil, which could add almost 10% to thereserves, Cramer said.

Energy Partners had an 88% success rate last year,completing 52 projects. If the company is able to keep this output up,"the stock should soar."

Hurricanes Katrina and Rita did not permanently damage EnergyPartners' operations in the Gulf of Mexico, but the stock is tradingexactly where it was 12 months ago.

Cramer said Energy Partners may be aripe, attractive target for a takeover at a big premium.

The tides are turning in the semiconductors war, said Cramer. Althoughconventional wisdom says that

Advanced Micro Devices

(AMD) - Get Report

has had a greatrun and that


(INTC) - Get Report

would mount a comeback, "the conventionalwisdom couldn't be more wrong."

Cramer said that investors now have an entry point to buy AMD, as the companyhas been making a serious comeback even though it is still despised.

People are prejudiced and aren't capable of thinking that Intel might lose toAMD, but "Intel doesn't have the essential qualities that make it betterthan AMD," he said.

AMD needs to take more market share from Intel -- and they will, Cramersaid. They're targeting 30% of the processor market, and Cramer said theywill get it.

The last stock Cramer looked at was

VeriFone Holdings


, which this week acquired

Lipman Electronic Engineering


, an Israeli company that provides wireless electronic-payment systems.

Cramer thought the acquisition "was brilliant and should propel the stock higher."

VeriFone designs and markets electronic-payment systems, said company CEO and chairman Douglas Bergeron, who joined Cramer by telephone. "Whenever you use your credit card, there's a 50% chance VeriFone will beencrypting and transmitting that transaction," the CEO added.

The acquisition of Lipman this week makes it one of the world's largest provider of electronic-payment services, with a possible combined revenue of $720.8 million.

Cramer said this is a huge buy on the recentpullback.

Lightning Round


Cramer was bullish on








(CPRT) - Get Report


Occidental Petroleum



(SBUX) - Get Report


Charming Shoppes

(CHRS) - Get Report



(KMX) - Get Report


Chartered Semiconductor



Northern Orion Resources



Matsushita Electric

(MC) - Get Report



(PKI) - Get Report






Cramer was bearish on

Sirius Satellite Radio

(SIRI) - Get Report



(CVX) - Get Report



(SNE) - Get Report


For more of Cramer's insights during the most recent Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here


At the time of publication, Cramer was long Occidental Petroleum and Schering-Plough.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

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