OIL Cramer's take on the Saudi Oil

[stockviper]

I liked Cramer's take on the Saudi's Oil increase. I love it when he elaborates in detail on the reasons things happen (or should happen). Here's an article in line with Cramer's take.

http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=BWK&Date=20050929&ID=5153266

[deepinwonder]

Excellent article, thanks Stockviper! Saudi Arabia is also creating a shortage in the Gulf, so anyone with rigs left in there will see higher rates, too. I just can't say enough about this sector and am surprised I don't see more conversation about it on here. Why bother with a stock that has a projected growth of 8% when there are stocks out there with projected growth rates over 40%???? Oh, sure, I'll sink my money into cereal instead of oil and gas drillers. (Well, I did get some handbags and coffee, just to diversify, but their growth rates are both over 20%. Boo yah!)

OXY is also into Libya, where few other oil companies can do business. Cramer and a caller were talking about that one last night. Other stocks to consider are those refineries who can process sour crude.

[englishman26]

Which were the saudi stocks he mentioned again??

[stockviper]

Here's the BULLISH list from yesterday. Not Just Oil...

Bullish
Apple Computer (AAPL)
Amgen (AMGN)
Archer Daniels Midland (ADM)
Broadcom (BRCM)
Burlington Resources (BR)
Central European Equity Fund (CEE)
Cerner (CERN)
Chesapeake Energy (CHK)
Energy Partners (EPL)
Ensco International (ESV)
Genentech (DNA)
Grey Wolf (GW)
India Fund (IFN)
MetLife (MET)
Nabors Industries (NBR)
National Oilwell Varco (NOV)
Occidental Petroleum (OXY)
Oceaneering International (OII)
PNM Resources (PNM)
Qualcomm (QCOM)
Rowan (RDC)
Sepracor (SEPR)
Terex (TEX)
Todco (THE)
Toyota Motor (TM)
UnitedHealth Group (UNH)
Vintage Petroleum (VPI)
Wal-Mart (WMT)
Yellow Roadway (YELL)

[deepinwonder]

I only know of Saudi Aramco, but think it's state owned. Cramer was mentioning that drillers in the US are sending rigs over to Saudi Arabia, so there will be a shortage and rates will go up even more. He also mentioned NOV, which is a company that builds drilling rigs, and said to wait until around Tues to pull the trigger, because the stocks might drop due to profit taking. Hard to believe, under the circumstances, but we'll see.