Cramer Says BUY Chevron (CVX), ConocoPhilips (COP), Transocean (RIG), Halliburton (HAL)
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Cramer Says Chevron (NYSE: CVX), ConocoPhilips (COP), Transocean (RIG), Halliburton (HAL) "....are screaming buys." Cramer said that OPEC doesn't have more capacity, there is no valid other alternative energy source competing with oil.
On Jim Cramer's Real Money site, he also wrote, "Day rates keep going up for offshore rigs. We can't find enough spare parts for deepwater rigs."
Cramer noted that Chevron, ConocoPhillips, Halliburton and Transocean have come down a lot and he thinks that all of them are very cheap. Cramer, will most likely continue to talk up these names (CVX, COP, RIG, HAL), so maybe this is a good time to jump in, as 'The Cramer Effect' typically moves stocks.
On Jim Cramer's Real Money site, he also wrote, "Day rates keep going up for offshore rigs. We can't find enough spare parts for deepwater rigs."
Cramer noted that Chevron, ConocoPhillips, Halliburton and Transocean have come down a lot and he thinks that all of them are very cheap. Cramer, will most likely continue to talk up these names (CVX, COP, RIG, HAL), so maybe this is a good time to jump in, as 'The Cramer Effect' typically moves stocks.
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