Cramer's Oil Stock Picks

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"They are no longer going to get 6 and 7 multiples. They throw off too much cash and they can buy back too much stock. So, what should you do? How about buy them? I believe that the way to buy these stocks is simple: when they come down 5%-7% buy them with the expectation that oil prices will firm because of demand, but when they spring back to new highs or have nice increases from where you bought them, sell them." -- Jim Cramer

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