Cramer: Buy EOG Resources on Its Fundamentals, Not Its Takeover Potential

NEW YORK (TheStreet) -- "There's been a lot of buzz here about EOG Resources (EOG) ," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on Wednesday's segment of CNBC's "Cramer Stop Trading." 

He advised investors looking at a possible long position in EOG Resources to buy the stock based on its fundamentals, not on its takeover potential. He had similar advice for handling BP plc (BP) on CNBC's "Cramer's Mad Dash" segment.

EOG Chart
EOG Resources EOG data by YCharts

"EOG Resources is a great company," he added. While it could eventually be a takeover target, the company is likely to remain independent for the foreseeable future. 

Cramer also touched on Boeing (BA) , which he said is likely to raise its dividend in the not too distant future. Last December,the company boosted its dividend by 50.5%. The aerospace cycle remains "darn good," he said. 

-- Written by Bret Kenwell

Follow @BretKenwell

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

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