Jim Cramer: Here's Why Pioneer Natural Resources and EOG Are Higher Despite Falling Oil Prices

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer explains why stocks like Pioneer Natural Resources (PXD) - Get Report and EOG Resources (EOG) - Get Report are performing well despite lower oil prices, which are hoovering near two-month lows. 'There's an area of the country called the Permian,' Cramer said. 'The companies that are being aggressive and buying in the Permian are doing well.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.