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Cramer’s Oil and Gas Play

Just because the price of oil has come down, doesn’t mean home gamers should walk away from the oil and gas boom here in the US, Cramer said Tuesday.

One company on Cramer’s radar is Carrizo Oil and Gas, a growth name that’s drilling in some of the hottest places. Major companies are spending big bucks to stake a claim in the same shales Carrizo is in, Cramer said. That’s why he thinks Carrizo is “way too cheap.”

(Slideshow—Cramer: Buy This, Not That)

Plus, the company is forecasting 63 percent production growth next year and sells for just 8.5 times forward earnings.

To find out more about this oil and gas name, Cramer spoke with CEO Chip Johnson. To see the full interview, watch the video.

Call Cramer: 1-800-743-CNBC

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  • 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."

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