Cramer's Stop Trading! BP Means Big Profits (10/19/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday October 19.

BP (BP), National Oilwell Varco (NOV), Schlumberger (SLB), Exxon Mobil (XOM)

Cramer thinks BP (BP) is about to see a huge return on its much-criticized early investment in Iraq; “People understand that being friendly with the Iraq government,” Cramer said, “could mean a lot of good things.” Iraq is "the easy oil" because its supplies are so accessible. Schlumberger (SLB) is expected to discuss Iraqi oil in its earnings report, and Cramer thinks National Oilwell Varco (NOV) will see an increase in orders. He urged Exxon Mobil (XOM) to invest in Iraqi oil before the competition eats away the supply.

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