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Cramer Bullish On Oil and Gas Market



August 04, 2011 – Comments (0) | RELATED TICKERS: BHI , HAL , SLB

Jim Cramer is bullish on a number of different markets, oil and gas being one of them. He has given a list of the top stocks in this market and he believes investors to consider. Dr. Osman Gulseven has compiled these details and nicely summed them up for all you energy investors out there.


 "Oil & Gas: This industry is a truly speculative bet. The stock prices of these companies are highly correlated with commodity prices. However, I think the strong upward trend in oil prices will continue for a while. Cramer believes that Baker Hughes Inc. (BHI), Schlumberger (SLB), Weatherford International (WFT), and Halliburton Co. (HAL) are all profitable picks in the oil & gas industry...

 I would eliminate Weatherfood at first, as the company has sky-high P/E ratio with no dividend policy. O-Metrix scores of Baker Hughes, Schlumberger, and Halliburton are 5.04, 5.11, and 7.64, respectively. Baker Hughes returned 54.0% in a year, while Schlumberger returned 44%, and Halliburton returned 78%. Among these three companies, only Baker Hughes’ debt-to assets ratio is unstable. Baker Hughes is trading 4.47% lower than its 52-week high. Schlumberger is trading 5.40% lower than its 52-week high. Halliburton is trading 5.26% lower than its 52-week high. All of the three companies are truly profitable companies with solid upside potentials, but Schlumberger and Halliburton have better balance sheets."


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