Profiting from Oil: Apache, Devon & More

Natalie Erlich,|News Associate
Wednesday, 18 Jun 2008 | 4:41 PM ET

As President Bush called for dropping the ban on offshore oil drilling, CNBC asked the experts how to profit from oil.

Best Energy Plays
Energy plays, with Charles Bath, managing director at the Diamond Hill Investment Group

Energizing Profits

“We’re dealing with very long-term solutions to a problem that’s going to be with us for quite some time. The outlook on oil prices doesn’t change on this, so the producers, the big holdings we have, names like Apache and Devon[Energy] continue to benefit from a very tight worldwide supply demand situation.”

- Charles Bath, Diamond Hill Large Cap Fund

Stop Trading, Listen to Cramer!
Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett

Bearish on Boeing

“As long as oil remains high, nobody wants to buy Boeing. Even if Boeing’s new plane is the solution, we don’t care. So, I think Boeing—as much as I really like it— you’ve got to wait 18 months for it to move, and that’s just not the time frame of this market.”

- Jim Cramer, Mad Money host

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