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Nov.19
7:48 PM ET
Wednesday, 19 Nov 2008
Lightning Round OT: DryShips, Sierra Pacific Resources, BP
Posted By:Stan Yee
Topics:Transportation | Energy | Lightning Round | Stock Picks | Stock Market
Sectors:Oil and Gas
DryShips [DRYS
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] - Sell. Cramer thinks being in tankers now is justifiable, but sees Nordic American [NAT
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()
] as the better buy.
Sierra Pacific Resources [SRP
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()
] - Sell. Kinder Morgan Partners [KMP
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()
], as Cramer can't stress enough, is the best option in this category.
BP [BP
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()
] - Buy. Cramer is enthusiastic about BP -- it has good dividends and had a "great quarter." He also notes oil is showing signs of bottoming.
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