March 9, 2020 – Yahoo Finance
Cramer Says To Sell Oil Stocks If Saudi Arabia, Russia Reconcile
By Jayson Derrick
Oil stocks could rebound if Saudi Arabia and Russia resolve their differences and "save OPEC," and investors should take advantage of any near-term gains by selling their position, according to Jim Cramer.
Read the full article here: https://finance.yahoo.com/news/cramer-says-sell-oil-stocks-202742197.html
Citing data from Cramer's most trusted oil expert, RBN Energy's Rusty Braziel, Cramer said Occidental has a $30-per-barrel find and development cost and a $34 per barrel lifting cost — making it the "third-worst" among the 37 U.S. producers Braziel follows.
"I begged this company's CEO — begged — not to buy Anadarko, but she did it anyway," Cramer said. "Now, I'm begging you not to buy Occidental."
