Jim Cramer's Stop Trading: Don't Sell These Oil Stocks

NEW YORK (TheStreet) -- Core Laboratories (CLB) is down nearly 20% after missing top and bottom line estimates and failing to provide guidance above consensus. 

Monday on CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, called Core Laboratories "one of the most highly valued," yet best run companies in the oil sector. 

He attributed the lack of exploration in the Gulf of Mexico as the main culprit behind Core Laboratories' disappointing earnings result. 

However, Cramer mentioned that management had nothing negative to say in regards to the Permian basin, from where most of the company's growth comes. 

Investors certainly should not sell the stocks of other companies that operate in the Permian basin, he added, specifically referring to Pioneer Natural Resources (PXD), EOG Resources (EOG) and Exelon Corp. (EXC). 

Cramer also said investors should not sell shares of Schlumberger (SLB).


-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

If you liked this article you might like

The Bottom? Not So Fast: Cramer's 'Mad Money' Recap (Tuesday 2/6/18)

The Bottom? Not So Fast: Cramer's 'Mad Money' Recap (Tuesday 2/6/18)

Energize Your Portfolio With 12 Stock Picks in Oil, Gas and Drilling Services

Energize Your Portfolio With 12 Stock Picks in Oil, Gas and Drilling Services

Floor & Decor, Chegg, Core Labs, Cedar Fair: 'Mad Money' Lightning Round

Floor & Decor, Chegg, Core Labs, Cedar Fair: 'Mad Money' Lightning Round

Market's Animal Spirits Roar: Cramer's 'Mad Money' Recap (Thursday 1/11/18)

Market's Animal Spirits Roar: Cramer's 'Mad Money' Recap (Thursday 1/11/18)

The Stock Market Is Surging and Yes, You Can Still Make Money: Market Recon

The Stock Market Is Surging and Yes, You Can Still Make Money: Market Recon