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WEDNESDAY MAY 24, 2006

'OIL'S WELL'


Cramer reviewed the entire oil patch production process.  From drillers to refiners.

Here are the picks:

Oil rig infrastructure (My Rig Maker Pick):
NOV  (NATL OILWELL VARCO)

Oil rig operators:
NBR  (NABORS INDS INC NEW)

Shallow Offshore Drilling:
RDC  (ROWAN COS INC)

Deeper Sea Drilling:
GSF  (GLOBALSANTAFE CP)


The bottom line!:
  I think you should buy NOV, NBR, RDC, and GSF!

The oil food chain:

Drill Bit Maker:
I like
SII  (SMITH INTL INC) for its drill bits.  I think they're the best drill bit player in the business.

Drill Pipe:
GRP  (GRANT PRIDECO INC)
Their pipe is the best in the business.

Blowout Preventer/Well head gear:
HYDL  (HYDRIL )

Drilling Fluid/Mud:
ACO  (AMCOL INTL CP)

Drill Rental:
WFT  (WEATHERFORD INTL NEW)

Drill Production:
SPN  (SUPERIOR ENERGY SV)

Subsea Equipment:
FTI  (FMC TECHNOLOGIES INC)

Oil Rig Decommission
TTI  (TETRA TECHNOLOGIES)


The bottom line!:  That's it!  That's everything you need to know to make money in the oil patch - from the start to the finish.


Wednesday Night's Report

'Oil's Well'
Cramer tells us all of his picks regarding the oil industry, from soup to nuts. 

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