Cramer's Weak Oil Thesis Plays
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Created by sarah z
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Date updated:09-12-2007
From 9-10-07:
"After we get a weak number like the employment number the stories spread that the economy will not be strong enough to keep oil here. Concomitant with this theory, the stocks of coal, natural gas and minerals get shelled. And you know what? This is all nonsense. The economic sensitivity of these groups is almost nil, particularly oil. It's ridiculous frankly, particularly if OPEC stays the course and does not increase output. So forget this thesis. Respect that it is about to happen and gird yourself to buy not sell. But mark my words this will happen."
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COP
Conocophillips - $52.08
- -0.91%
- $52.28
No Analysis added
-
MRO
Marathon Oil Corp - $33.02
- -0.93%
- $33.24
No Analysis added
-
CVX
Chevron Corp - $76.77
- -0.74%
- $76.85
No Analysis added
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XOM
Exxon Mobil Cp - $74.38
- -0.36%
- $74.38
No Analysis added
-
SLB
Schlumberger Ltd - $63.34
- -1.86%
- $64.22
No Analysis added
-
FCX
Freeport Mcmoran - $84.57
- -0.18%
- $84.08
No Analysis added
-
ACI
Arch Coal Inc - $22.26
- -2.88%
- $22.60
No Analysis added
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