"Oil's one of the things that's still working here - although not today - I'd be stocking up in this miserable market in something that I kind of feel like is something of a Tyrannosaurus Rex in the room. A stock that no one talks about, even though its presence is unavoidable.
Cramer's sleeper
stock.
This stock is hidden in plain sight.
The stock is PetroChina Co. Ltd. PTR !
This thing gets the total cold
shoulder here in America. But I think you should be buying it - buy, buy, buy!
- with abandon.
PTR is a huge, huge co. It's a $200 billion co. It's
got its hands on oil everywhere; it drills like oil is worth what we're paying
for it. And it's got the full weight of the Chinese communists behind it. Yet,
PTR is unloved in America.
It's unloved because we've been brainwashed;
we've always hated Chinese co.s...especially on Mad Money, because they're so
used to cooking up their financials. In China, you're practically encouraged to
cook the books, to make things look really good for the party!
But, you
know what? Warren Buffet - who bought PTR much lower, and is probably laughing
at me for talking about it in a positive way - he owns 10% of this co. And I'm
sure he's watching this show.
Think what you will about Buffet. We can
be pretty darn sure that we would never buy a stock if he were concerned that it
wasn't on the level.
All right, the Chinese also have been dead right about knowing that oil is going
higher!
You know why? They have inside information about their own
demand for oil! Since China's driving this tight oil market, this is pretty
precious information to have.
PTR - and I'm sure the govt clues them in
since their ultimately state-owned - has been buying up oil everywhere, and I do
mean everywhere.
They also have near infinite financing from the Chinese
govt to make acquisitions, which is what we saw when CNO tried to take over
Unocal over the summer. They lost to Chevron.
In fact, I'm willing to
declare right now, that PTR is the kindest, bravest, warmest, most wonderful oil
co. I have ever known in my life. It's the veritable queen of diamonds of oil.
It's the Manchurian Candidates of oil co.s.
PTR, as the Manchurian Candidates of oils, could replace the president of oil -
Exxon (bear), because Exxon still thinks oil's going back to
$12 (a barrel) and drills like it!
In addition to being soul-less, to
being a black-hearted co. - a company that makes XOM look like a bunch of teddy
bears - PTR's pretty cheap! A good dividend. I'll take that 3.5% dividend
yield any day. And the Chinese market is already up 50%, so you can bet that
PTR is going to do well, just out of proximity.
Hot markets beget more
money. More money's going into China, which will move up PTR.
The
bottom line!: PTR, unlike the original Raymond Shaw, should not
disappoint its communist masters! That means it shouldn't disappoint you
either! So leave your principals at the door. That's right. Check 'em and buy
PTR!"



