Oil Drillers Land exposure

I feel this way because you don't get a bottom in these kinds of stocks, in the Halliburtons (HAL) and the Nabors Industries (NBR), without numbers being cut so low that they can be beaten

China Watch: Drilling for Value:
Worldwide demand for oil has slowed in recent months, but Tim Melvin says to look for an increase in emerging markets like China and offers four driller value plays.

Click here to watch the video.

That's where the opportunity comes in. Keep in mind that Schlumberger (SLB) and Halliburton (HAL) have numbers too low, and I like Nabors (NBR) too. These just work here, as much as it seems ridiculous given how terrible the market is.

But they are all great, including Ultra (UPL), Apache (APA), Anadarko (APC), Chesapeake (CHK), XTO (XTO) and all of the wildcatters I have been profiling on "Mad Money." Today people are buying every driller, with Halliburton (HAL) and Nabors (NBR) doing the best today because of their natural exposure. Here, frankly I would buy ANYTHING right along with them. It is the strongest group out there, and it's not done yet.

Nabors (NBR) and Halliburton (HAL) were reiterated by Cramer as his two favorite plays in the drilling sector.

Goldman said it is upgrading Nabors (NBR) to Buy from Neutral based on expected increase in drilling activity. Note attractive valuation, fleet quality, and diversification. Price target raised to $48 from $40.

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

Cramer also had positive comments for Nabors (NBR) and Halliburton (HAL).

He also likes the most bullish part of the stock market like oil and gas, agriculture, minerals and infrastructure - isn’t controlled by the dollar, and the dollar’s not controlled by the Fed, Cramer said. Actually, the companies he likes are controlled by worldwide commodities prices. The dollar, meanwhile, is valued according to the U.S.'s budget and trade deficits, not short-term interest rates, and these trends have more to do with the high demand for energy. That’s why Cramer has been touting the success of Deere (DE), Potash (POT), APache (APA) and Nabors (NBR).

nabors of Arabia crashed and burned for me

Dead $

such a loser

Oil exploration
Soft US drilling

I believed the 35% increase in growth.

Listening to the latest CC, it is hard to believe that the CEO would not let someone else take over (at least the CC). Gene can no longer speak in senteces.

cheap but doesn't seem to move; have owned it twice but made nothing

It's painful to watch.

For TTM ending June 30,2007

NBR has generated NEGATIVE FREE CAH FLOW of ($2.74) per share.

NBR has generated NEGATIVE FREE CASH FLOW for 5 Consecutive quarters.

Isenberg said he would take the company private if it fell much lower. This was when the stock was at 29. Okay, Gene, it's lower now.