Enter multiple symbols separated by commas

Buy Bristow Group

Mad Money viewers can’t seem to get enough of Cramer’s oil-and-gas stock recommendations. Who can blame them? Right now it’s about the only sector that’s working.

Bristow Group is a continuation of last week’s focus on clean offshore drilling. This company contracts out the helicopters that transport workers out to oilrigs. As these rigs move further into deep water – maybe not in the U.S., but in other countries – there’s more demand for the bigger choppers that Bristow operates.

Bristow enjoys a duopoly with CHC, which was taken private, giving both companies pricing power. The shortage of much-needed larger helicopters – they’re being sent to Iraq – helps out too, keeping those barriers to entry for competitors nice and high.

Overseas sales play a big role here, accounting for 77% of Bristow’s business. The company’s expecting $1.5 billion in revenue going forward, which his great for considering Bristow’s market cap is only $1.1 billion. A good chunk of that revenue will come from Brazil, Southeast Asia and Western Africa.

If Bristow got the same valuation as CHC when it got taken private, this $48 stock would be worth $68. Forty percent upside – not bad.

Be careful, though. Cramer said he’s expecting oil and gas stocks to take a hit after Wednesday’s inventory number is reported. Wait for that pullback to buy, if that’s what you choose to do.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

Mad Money Moments

Cramer's New Book