Cramer: The Strongest Growth Story in Oil
NEW YORK (Real Money) -- "We expect EOG's three high rate of return oil plays -- the Eagle Ford, Bakken/Three Forks and Delaware Basin -- to provide us with years of drilling inventory as well as significant growth opportunities. These plays just get bigger and better."
That's what EOG Resources
Plus, the growth could have been greater as EOG's Delaware Basin assets -- part of the recently rediscovered and re-rated Permian Basin -- are being constrained because there's not enough infrastructure to handle the natural gas byproduct of the drilling yet, despite the fact that the Permian's been around forever. It's as if the Delaware is a whole new basin in itself.
EOG's the strongest growth story in oil these days, and it is a reminder that while mutual fund and index money are by nature drawn to Exxon Mobil
That's why EOG remains one of the best independent growth stories to own. Yes, even up here, the story keeps getting bigger and better.
Random Musings: Finisar
Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.