RealMoney Radio: ATP's a Gas

This oil stock's poised to rebound.
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The thinking is always the same that if a stock goes down something must be wrong with the company, Jim Cramer said on his "RealMoney" radio show Thursday.

Cramer wants people to change their thinking.

ATP Oil & Gas

(ATPG)

is one of the many midsized oil and gas companies that people don't tend to hear about until the firms get bought out, Cramer said.

Last night on Cramer's "Mad Money" TV show, when Cramer asked CFO Albert Reese how business is, Reese said it was good and getting better as ATP continues to drill more oil than anybody had predicted.

Even though the stock's sold off, Reese said ATP's top shareholders are buying stock and increasing their positions, Cramer said -- they wouldn't be doing that if there was something wrong.

ATP will go up when energy goes up or if it gets takeover bid, Cramer said, adding that it was gift to his listeners and that people should buy it.

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, he said.

Merck, which just lost a big verdict in the Vioxx case, is down, but Cramer said he believes it's a good buy.

"I believe it's going to be one of those stocks that is going to contest every one of these verdicts," he said.

Merck is trying to show that drug companies are not the bad guys and are here to save people, not hurt them, Cramer said adding that the company is also winning because it has a new CEO, Richard Clark.

"I'd be a buyer," Cramer said.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

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

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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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