Noting the company's $10.3 billion in cash, Parker said, "We're going to look ahead and if we feel good, we'll be paying down debt and eventually returning it to our shareholders."
Executive Decision: David Demshur
Core Laboratories (CLB) President and CEO David Demshur spoke with Cramer on the heels of the company posting quarterly highs for EPS, net income and revenue. CLB reported revenue up 9% year over year, with EPS increasing by 22%. Cramer considers this stock to be the scientist of the oil and gas industry.
Demshur attributed his company's strong quarter to some new technology and activities in domestic shale plays and the Golden Triangle in deepwater areas offshore in Brazil, West Africa and the Gulf of Mexico. It provided the company with its fifth consecutive record quarter in EPS, net income and revenue.
Core Labs has about 1,200 reservoirs, with plans to add 50 fields per year. Demshur says its technology enables oil companies to determine reservoir quality to better estimate their profits. Every frack stage is an opportunity, Demshur said.
"We are high on the Permian Basin assets," Demshur said, and think there are additional billions of barrels of oil to be recovered there over the next several years. Core Labs expects North American activity levels in the first quarter of 2014 to ramp up from the previous quarter.
Cramer said that if you believe in the technology of oil, you believe in Core Labs.
No Huddle Offense
There used to be a time when the State of the Union was an event on which you could invest, Cramer said. It would be terrific if we could convince countries to take more of our goods while not taking more of our jobs, and polluting less with the jobs they do take.
But the opposite is true, Cramer thinks, and the President's annual speech is not all that investible.
The nod to natural gas? Cramer looked at the text of the 2012 text that said the exact same thing and nothing happened. Companies like Clean Energy Fuels (CLNE) and Westport Innovations (WPRT) jumped up temporarily before returning to previous levels.
It was a very nice speech. Still, the President can't get anything through Congress, and Cramer said he certainly wouldn't invest as if he could.
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-- Written by Chris Sahl in Boston.