Banking on the Bakken Shale
Even in this brutal market, Cramer on Wednesday said there are stocks that could make you money.
Take oil companies, for example, which are focused on the Bakken shale — the biggest oil find in U.S. history. Continental Resources is the largest producer in the Bakken. Cramer spoke with CEO Harold Hamm on Tuesday.
With 582,000 acres, Whiting Petroleum is the second-largest producer in the Bakken. As compared to Continental, Cramer said Whiting is more conservative. It's also a cheaper stock, trading at a 40 percent discount to CLR. Whiting also has less growth, though, and unlike Continental, it is funding its drilling organically.
To learn more about Whiting, Cramer invited CEO James Volker onto "Mad Money." Watch the video to see the full interview.
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