Dicker/Cramer: Buy Halliburton as It Attempts to Buy Baker Hughes

Dan Dicker, Senior Energy contributor to Thestreet, talks to Jim Cramer about the recent buy of Baker Hughes (BHI) by Halliburton (HAL). While Halliburton has been talking to Baker Hughes about a merger for years, Dicker believes it was the huge drop in oil prices, and the likelihood that they will stay there for a while that inspired this deal right now. The $26 billion deal values BHI shares at $72, but are only trading at $65, as many wonder whether the Justice Department will allow this merger to be completed. Dicker believes that the Feds will indeed allow the deal, but still believes the better buy of the two is Halliburton, now vying to become the worlds largest oil services company.