Cramer said that the market loves the oil industry right now. “What you have now is a thesis which says that oil is going to go higher and so I say go with the JP Morgan call and sell the stock,” he said.
9 replies (most recent on top)
Jim cramerlol
I am signing a petition for Cramer to join Oxy’s Board of Directors!
"If it stays above 45 we should be OK."
So, just need to hold on until May 2026 everyone!
https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html
Oxy up 10% since this bold call
Post ID: @1xfb+17UJdlSc
Sh– in one hand and wish in the other ..................................
It is all about oil price. If oil stays closer to 35 we have problems. If it stays above 45 we should be OK.
$9 billion capitalisation and $40 billion debt - and you want someone to explain how he got from A to B ?
Are you serious or are you an LOXY VP?
You are obviously deeply underwater with Oxy stock as you are just clutching at straws and praying oil goes to 100 not on fundamentals just because its want you want it to
Post ID: @swo+17UJdlSc
Can someone spell this out? How does he jump from market loves oil to sell oxy? He didn’t provide an opinion on Oxy’s inability to manage the debt so I don’t get how he got from A to B
Compared to Oxy and their staff, Cramer is a genius.