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Energy Boom: Jim Cramer IDs Stock to Watch

Wednesday, 30 Jan 2013 | 6:15 PM ET
Core Labs CEO: Technology Behind Energy Boom
David Demshur, Core Laboratories president & CEO, explains how his company¿s technology allows customers to retrieve oil from unconventional resources.

You probably wouldn't think of playing the US energy boom with this stock. But Jim Cramer says you should.

"I'm always talking about the North American oil renaissance, the huge surge in domestic energy production made possible by both new discoveries and, more important, new technology for getting oil out of the ground," said Cramer.

And there are a slew of companies that stand to benefit from the revolution in energy — many of which Cramer has profiled in the past.

(Read More: Cramer: This New Trend Multi-Year Game Changer)

However, there's another company that's well positioned — and it doesn't get the same kind of attention as the usual suspects.

"I'm talking about Core Labs (CLB), said Cramer.

The company develops technology to help its customers get energy out of the ground.

"It uses its expertise to help oil producers figure out how much crude they have in the ground, what's known as the reservoir description business," Cramer said

But Core doesn't just gather intelligence.


Stephen Strathdee | E+ | Getty Images

"They also do production enhancement — they can tell oil producers the best place to drill their wellbores in order to squeeze more crude out of their oil fields. And Core Labs has a reservoir management business where they show their clients how to maximize the return on their investment in a given oil field," Cramer explained.

In a nutshell, "Our technology helps clients recover more and more oil," explained David Demshur, president and CEO of Core Labs.

The Mad Money host thinks results speak volumes. Core Labs just reported and the company delivered earnings of $1.17, a 4-cent beat, on better than expected revenues.

"Although Schlumberger and Weatherford have started to compete in this space, I think Core still has the best technology in the business," said Cramer.

"This is a stock that I've liked for ages," he added. "I think the long-term record here is tremendous. They're even starting to make money in Iraq!"

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More from Cramer:
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