What a good stock looks like
What can a real oil company do? It can earn money.
But it doesn't matter. The signals are all clear even for stuff of which it shouldn't be all clear.
Except for EOG (EOG). When it comes down to it, after these conference calls, only one company has been able to turn itself into an oil company from a natural gas company, and that's EOG. It is getting its due.
Don't get me wrong. The natural gas companies that are going oil are too cheap. The charitable trust bought Devon (DVN), which is ridiculously cheap, even stupidly so.
But EOG is much, much further along and is going for being a full-fledged oil player with the best Bakken and Eagleford properties. He's got monster finds.
The amazing thing about the journey of EOG is that it wasn't from natural gas to natural gas liquids, although it doesn't mind those. It's natural gas to oil. The other guys are taking the interim step, and it is killing them.
It's good to see what a real oil company can do. It can coin money. No wonder we are getting this fabulous move helped by higher oil prices.
And I don't think it's done, although I will say the third-day move in EOG, after Monday, has usually been a better entry point when it spikes like this.
Jim Cramer is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for Action Alerts PLUS, which Cramer co-manages as a charitable trust and is long DVN.
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THIS GUY USES WORDS LIKE CHEAP AND STUPID I GUESS WE ALL KNOW WE SHOULD RUSH OUT AND GET A BOAT LOAD OF THESE CHEAP, STUPID STOCKS BECAUSE THE GURU OF CHEAP AND STUPID HAS SPOKEN
what does a good stock look like? it is clear you don't know what a good one looks like but you sure
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recommended at 96 now still in the 30's.........best stock of the dow for 2011 AA recommended at 18
still around 9.......................JUST 2 EXAMPLES OF WHEN YOU SAY BEST AND REALLY PUSH IT
YOUR IDIOT FOLLOWERS GET SLAUGHTERED
Jim should look up Smoot Hovis below and get laid. His writing is way too tight. He's all wound up like a tight spring. Calm down Jim and check out Smoot before it's too late. Hate like hell to see you living in your car again.
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