Did you miss last night's "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways:
For his "Executive Decision" segment, Cramer once again spoke with David Demshur, chairman, president and CEO of Core Labs (CLB - Get Report) , the oil services company that just posted a solid penny-a-share earnings beat.
Demshur said the latest estimates call for oil demand to increase by 1.4 million barrels a day in 2017, which would be a slight increase from growth in 2016. He said he's optimistic about the recent OPEC production cuts aimed at bolstering oil prices by keeping supply tight.
That tightness could be affected by U.S. production however, which had ramped up from 5.7 million barrels a day to 9.7 million barrels before prices began to decline.
Demshur was bullish on the U.S. oil outlook, saying that with new technologies, Core Labs is working to increase oil shale recovery rates from 9% to as high as 15%, which would make a huge impact on the bottom lines of oil drillers. He was also bullish on the new administration, saying that drilling activity, especially offshore, should increase under Trump.
Cramer is updating his investment club members about five core stocks: Cisco (CSCO - Get Report) , Apple (AAPL - Get Report) , General Electric, Magellan Midstream (MMP - Get Report) and Dow Chemical (DOW . Don't you want to know what they're saying? Get a free subscription to Action Alerts PLUS.
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