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Jim Cramer: Occidental Bought a Huge Amount of Acreage in the Permian

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer is watching Occidental Petroleum as a Permian play.
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TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer is watching Occidental Petroleum (OXY) - Get Occidental Petroleum Corporation Report as a Permian play.

"Occidental bought a huge amount of acreage in the Permian and frankly, it wasn't paying off for [CEO] Vicki Hollub, but now it is," Cramer said. "It's got a good yield, it's doing a buyback - those are good things."

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