Cramer's Oil Stock Picks Off Exxon's Miss
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Date updated:05-08-2008

"This is so, so wrong. Here's the deal: The Exxon quarter was about one tension: the need for Exxon to stop buying back stock and start drilling." - Jim Cramer

symbol name last price % change open
  • +
  • OIH
    Oil Service Holdr
  • $124.16
  • -0.42%
  • $124.50

They are not going to crack this Oil Services HOLDRs (OIH) ETF. It's got too much going for it. There is a tremendous perception that this group and the oil and gas cohort have stalled or are finished because of the commodity futures and because of the nasty number from Exxon (XOM).

People owning OIH also tend to own: BTUSPYXLEXOMDVNMPETSUN

TheStreet.com Rating: No Rating What is this?

  • +
  • HAL
    Halliburton Co
  • $31.47
  • -0.51%
  • $31.44

Second, drilling is all about when and where and why. We wanted to drill for deepwater oil because that's what you got paid for -- still do. But this time we have a natural gas boom, and that's huge for drilling, especially because we are no longer going to be flooded by cheap liquefied natural gas. That's great for Halliburton (HAL) and Nabors (NBR), which must be bought

People owning HAL also tend to own: ATIMFLXTEXTIEAIGBAC

TheStreet.com Rating: B- What is this?

  • +
  • NBR
    Nabors Inds Inc N
  • $22.66
  • -0.96%
  • $22.77

Second, drilling is all about when and where and why. We wanted to drill for deepwater oil because that's what you got paid for -- still do. But this time we have a natural gas boom, and that's huge for drilling, especially because we are no longer going to be flooded by cheap liquefied natural gas. That's great for Halliburton (HAL) and Nabors (NBR), which must be bought

People owning NBR also tend to own: AVXBAMCHEUY.PKCVAFCE-AHLDVF.PKIVSBF.PK

TheStreet.com Rating: C What is this?

  • +
  • APA
    Apache Cp
  • $100.54
  • -0.28%
  • $100.61

The Exxon quarter was about one tension: the need for Exxon to stop buying back stock and start drilling. That's something that has completely eluded Exxon, but not Apache (APA) -- another one that should be bought soon -- or Chesapeake (CHK) or Anadarko (APC). More drilling's coming.

People owning APA also tend to own: BGCBHPCBIIPSSSRIAAPLAUY

TheStreet.com Rating: C+ What is this?

  • +
  • CHK
    Chesapeake Energy
  • $25.34
  • 0.00%
  • $N/A

The Exxon quarter was about one tension: the need for Exxon to stop buying back stock and start drilling. That's something that has completely eluded Exxon, but not Apache (APA) -- another one that should be bought soon -- or Chesapeake (CHK) or Anadarko (APC). More drilling's coming.

People owning CHK also tend to own: ACIAINVANRAPCBBDBTUCMCSK

TheStreet.com Rating: C What is this?

  • +
  • APC
    Anadarko Petroleu
  • $65.44
  • -0.38%
  • $65.49

The Exxon quarter was about one tension: the need for Exxon to stop buying back stock and start drilling. That's something that has completely eluded Exxon, but not Apache (APA) -- another one that should be bought soon -- or Chesapeake (CHK) or Anadarko (APC). More drilling's coming.

People owning APC also tend to own: ACIAINVANRBBDBTUCHKCMCSK

TheStreet.com Rating: C What is this?

  • +
  • SLB
    Schlumberger Ltd
  • $65.38
  • +0.38%
  • $64.88

Finally, never forget the words of Andrew Gould, the fabulous CEO of Schlumberger (SLB), who changed his view and said drilling is no longer in transition, it is now on fire.

People owning SLB also tend to own: AXAFDXNOKNUERTPTMAAPL

TheStreet.com Rating: B- What is this?

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