Cramer's Wildcat Driller Stocks
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Date updated:06-13-2008

Cramer is devoting this week to wildcat drillers -- companies that drill for oil in untapped areas of the world. He believes the success of wildcatters can go a long way to increase the supply of oil and represents the best way for investors to play the rapid rise in oil prices.

symbol name last price % change open
  • +
  • BZP
    Bpz Resources
  • $20.59
  • +11.72%
  • $18.89

Cramer went to Peru to showcase what he called a great wildcat driller that is helping to meet the world's demand for oil. That company is BPZ Energy (BZP).

People owning BZP also tend to own: DHIEXPGGRHDPFETMYUSG

TheStreet.com Rating: C- What is this?

  • +
  • REXX
    Rex Energy Corpor
  • $21.15
  • +4.96%
  • $20.26

Cramer said Rex's approach could yield as much as 84 million barrels and lift the company to a $40 stock. Cramer says analysts who follow Rex's new technology have been far too conservative about the company's chances, giving it only a success rate of 33%. Cramer thinks these estimates are far off the mark and rates the company a buy.

People owning REXX also tend to own: ABXANWARTIXCGMFXCGMRXEWZGLD

TheStreet.com Rating: No Rating What is this?

  • +
  • HK
    Petrohawk Energy
  • $32.01
  • +8.43%
  • $30.28

Cramer added Petrohawk Energy (HK) to his ever-growing list of "must own" oil and natural gas stocks, calling it one of the lowest-cost producers of oil and gas in the group.

People owning HK also tend to own: AAPLCCAKECSCODNDNHMYHXL

TheStreet.com Rating: B- What is this?

  • +
  • RRC
    Range Res Corp
  • $45.89
  • +4.72%
  • $44.61

The company recently did a secondary offering of stock at $66.38 a share to help fund additional land acquisitions in the Marcellus shale area, but now trades below that price. "Range Resources should have never gotten this cheap," said Cramer.

People owning RRC also tend to own: AEMANRAPACEDODVNGSF

TheStreet.com Rating: B What is this?

  • +
  • RAME
    Ram Energy Resour
  • $4.67
  • +3.32%
  • $4.54

Cramer said this $5 stock could go as high as $8, but he warned investors that this speculative name should be traded with caution. He advised investors to buy in small increments, not to use market orders, and certainly not to pay up for the stock. He urged investors to wait for a good entry point.

People owning RAME also tend to own: ACASAHMATBAUYBRLCDNDNDPZ

TheStreet.com Rating: D What is this?

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