Cramer Gets the Lowdown on Statoil

Cramer: Statoil Has Great Yield, Great Growth

Mad Money host Jim Cramer sees a few glimmers of hope in the oil industry, including Statoil. Bill Maloney, Statoil Executive VP of Development & Production of North America, discusses his company's "very good position" in Norway, its partnership with Chesapeake Energy, and an outlook on natural gas.

Investors hoping that global growth would improve welcomed news that Europe might partially abandon austerity as China cuts interest rates, said Jim Cramer on CNBC’s “Mad Money.”

In turn, Cramer thinks it might be a good time to start building a position in the oil space, which has been hammered along with the underlying commodity. He recommends Statoil , a Norwegian oil and gas company that operates as the world’s largest offshore operator in terms of production. It happens to pay a juicy dividend yield of 4.45 percent, too.

To learn more about the company’s prospects, though, he welcomed Bill Maloney onto Wednesday’s program. Maloney is executive vice president of development and production in North America.

Check out the video to see the full interview.

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