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Jim Cramer proclaims the oil tanker business could be on the verge of a renaissance, and his...

Jim Cramer proclaims the oil tanker business could be on the verge of a renaissance, and his favorite way to play it is North American Tankers (NAT +7.8%), pointing to already improving dayrates for Suezmax tankers and VLCCs; he likes the ~7% yield while you wait. "The [Brent-WTI] spread is dead," so Cramer likes several other energy names too: CLR, EOG, WLL, PXD, CXO.
Comments (9)
  • burger guy
    , contributor
    Comments (215) | Send Message
     
    Very nice. My short puts just got exercised on Friday.
    23 Jul 2013, 02:23 PM Reply Like
  • 397952
    , contributor
    Comments (3) | Send Message
     
    Not according to Valero on their conference call today...Cramer...
    23 Jul 2013, 02:26 PM Reply Like
  • rjj1960
    , contributor
    Comments (1359) | Send Message
     
    Jimmy seems late to the party with his stock calls.
    23 Jul 2013, 02:32 PM Reply Like
  • Gigem77
    , contributor
    Comments (1208) | Send Message
     
    "So although Brent and WTI prices came close enough to touch last Friday we believe that they were just passing by – like strangers in the night and that the spread between them will widen out again before long" RBN Energy http://bit.ly/132rFTJ
    23 Jul 2013, 02:37 PM Reply Like
  • thexperience
    , contributor
    Comments (16) | Send Message
     
    Yes I put much more stock in RBN calls vs Cramer
    23 Jul 2013, 02:56 PM Reply Like
  • Lang
    , contributor
    Comments (23) | Send Message
     
    I would think if you really want to be taken seriously, you could at least get the companies name right.
    23 Jul 2013, 02:59 PM Reply Like
  • luckyal
    , contributor
    Comments (2) | Send Message
     
    Quoting Jim Cramer pulls down the credibility of Seeking Alpha.
    23 Jul 2013, 03:05 PM Reply Like
  • sinedo
    , contributor
    Comments (281) | Send Message
     
    Cramer is full of good info, but he is a trader to the bone. He says he's not, anymore, but he can't stand to hold a losing position. He had a Buy on NAT from 30 to 20-ish, then Hold, and finally when it got to around 10, he said SELL That was about 2 months ago; today he said BUY again. Listen to his knowledge and opinion; he knows what's going on with most stocks, but don't pay too much attention to his recommendations.
    It doesn't pay to try and be a Trader, and if you follow him, that's what you become- someone who can't stand to hold anything for more than a few months. You'll lose; trading is a killer.
    Regards,
    23 Jul 2013, 11:44 PM Reply Like
  • bgold1955
    , contributor
    Comments (1939) | Send Message
     
    NAT was his stock pick of the year for either 2010 or 2011. Either year the stock was down huge. Didn't take advice as I got killed in C which he recommended in 2010 would be $ 12 in 2012, which would be $ 120 today considering reverse split. Wow!
    23 Jul 2013, 03:17 PM Reply Like
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