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ExxonMobil and Noble Energy announced plans to build their respective Permian Basin portfolio, buys that 'continue to move the needle,' says Cramer.
Noble Energy's deal for Clayton Williams and Exxon Mobil's purchase of Permian acreage is pushing prices in the sector higher.
Check out the relationship between movement in the stock and the United States Oil ETF.
From Adobe to Citigroup, these names look promising.