Oil prices retreated on Tuesday and into Wednesday due to data showing slowing Chinese manufacturing and easing Ukraine tensions. Despite this, RealMoney contributor Dan Dicker tells Jim Cramer he still sees opportunity in U.S. oil companies. Dicker says oil will remain around $100 a barrel or higher, making companies producing in the Eagle Ford Shale play in East Texas particularly profitable. In that play likes EOG Resources (EOG) and Halcon Resources (HK).

At the time of publication, Cramer was long ___.

If you liked this article you might like

Learn From My Portfolio Mistakes: Cramer's 'Mad Money' Recap (Friday 9/1/17)

Oil Will Turn Soon, But Not All Oil Companies Will Follow

Jim Cramer Reveals What to Do When You're Hung on Oil Stocks

Slipping EOG Resources Likely Needs to Build a New Base

Cramer: You Could Short Oil Stocks by Throwing Darts at Them