Jim Cramer’s Stop Trading! - Buy Drillers
Jun.17, 2008 in
Jim Cramer's Stop Trading
Jim Cramer was out with bullish comments on drillers during Tuesday’s CNBC “Stop Trading!” show. Cramer based his bullish driller call off the news that John McCain is in favor of lifting the offshore drilling ban. “While you really have to sit up and take notice of McCain’s new position on the issue, the odds are against congressional approval of offshore drilling,” he said. Cramer said his favorite names are Nabors (NBR) and Halliburton (HAL). He also likes Chesapeake Energy (CHK), which hit a 52-week high today and FMC Technology (FTI).
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June 17th, 2008 at 3:56 pm
Oil is the market to be in right now. You should be able to see oil rising by the end of the month to at least $150/barrel. Just more high gas prices to look forward to. I guess there is a good and bad side to everything.