Cramer's Stop Trading! Transocean Is Not Sinking (8/5/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday August 5.

Apache (APA), XTO Energy (XTO), Devon (DVN), Transocean (RIG)

Cramer says Devon, like other natural gas plays Apache and XTO Energy, is delivering monumental growth and is not done going up. Natural gas rising beyond $4 and the advent of hurricane season will also work in Devon's favor; “If this is what kind of money they can make with natural gas at $3.80,” Cramer said, “what can they make at $5?”

Cramer says Transocean's earnings miss was due to one-time problems that are going to be solved. He thinks RIG is a buy.

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Comments

[buyforeclos...:]

Cramer said less than a MONTH ago RIG was a BUY UNDER $60! And Rig was at $66 at the time.... you can look it up. The guy has lost it. He is an alcoholic or has Alzheimers because he cannot remember anything..I heard him say its a buy at $78 a week ago! That being said I like the guy but he is a flip flopper big time

Aug 18 10:05 PM