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Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday December 20.

Bullish Calls:

Energy XXI (EXXI): "Older oil fields are coming back to life. This has older fields. I agree with you. Buy, buy, buy."

LyondellBasell Industries (LYB): "This company is so darn cheap I want to pull the trigger here."

Linn Energy (LINE), LinnCo (LNCO): "The only one of these I'm going to recommend is Linn Energy, and for tax purposes, LinnCo."

Jacobs Engineering (JEC): "I like it. I like infrastructure. That group is doing very well."

EXACT Sciences (EXAS): "That is a great biotech spec play. When I say it is a spec, you need to take the consequences that it can go up big or down big."

Bearish Calls:

Tronox (TROX): "It is all about this lawsuit. I don't want you there. That is a company that has been involved in a lot of crazy stuff that has nothing to do with earnings."

QR Energy (QRE): "We are just perplexed why these are going down so much. It must be the dramatic glut in oil."

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Source: Cramer's Lightning Round - Tronox Is All About A Lawsuit (12/20/12)