January 23, 2025 - CNBC
Jim Cramer says oil service stocks won't see gains just yet under Trump
By Julie Coleman
Jim Cramer of CNBC explained why oil service stocks might not immediately thrive under President Trump's pro-drilling agenda. Despite the industry's excitement about a "drill, baby, drill" White House, Cramer noted that companies like SLB and Halliburton are cautious in their outlooks. SLB beat expectations but flagged concerns about oil oversupply, while Halliburton missed revenue targets and shared a guarded near-term outlook, though both highlighted long-term growth potential from AI-driven energy demand.
See the full article here Jim Cramer says oil service stocks won’t see gains just yet under Trump – NBC New York
Cramer also cited RBN Energy CEO Rusty Braziel, who pointed out that oil producers might hesitate to ramp up production due to fears of oversupply lowering prices. He advised investors to approach oil service stocks cautiously, suggesting gradual buying to mitigate potential short-term losses. While these stocks appear undervalued, their recovery could take years, depending on production strategies.
