NEW YORK (TheStreet) -- I was talking to Jim Cramer today about events in Syria and what they mean for oil and oil stocks.

The threat of an immediate air strike against Syrian targets is now off the table, so I see an opportunity emerging again in domestic exploration and production companies, an opportunity that I have been highlighting for several months.

But the immediate drop in crude prices has been matched by a concurrent drop in the prices of some of these favored E+P players and is delivering a chance to buy these names when they are "on sale."

Fundamentals will again go to work on the crude trade. With the Seaway pipeline and the Keystone portion between Cushing and the Gulf Coast ready to fill, the West Texas Intermediate crude supply glut will again begin to ease, putting a floor under prices.

That will benefit the E+P players who are focused on the Bakken, Eagle Ford and Wolfcamp shale areas and showing good production results.

This includes names I have been highlighting all year but continue to work -- names like Anadarko ( APC), EOG Resources ( EOG), Continental Resources ( CLR), Noble Energy ( NBL) and Cimarex ( XEC).

I talk about these and other stocks with Jim in the video above.

At the time of publication, Dicker had positions in EOG and XEC.

At the time of publication, Action Alerts PLUS, which Jim Cramer co-manages as a charitable trust, was long APC.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Dan Dicker has been a floor trader at the New York Mercantile Exchange with more than 25 years of oil trading experience. He is a licensed commodities trade adviser.

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Dan is currently president of MercBloc LLC,, a wealth management firm, and is the author of "Oil's Endless Bid," published in March of 2011 by John Wiley and Sons.

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Dan Dicker has appeared as an energy analyst since 2002 with all the major financial news networks. He has lent his expertise in hundreds of live radio and television broadcasts on CNBC, Bloomberg US and UK and CNNfn.

 

Dan obtained a bachelor of arts degree from the State University of New York at Stony Brook in 1982.

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