Dicker/Cramer: Oil Nears $40 a Barrel (Again) – Why You Should Be Buying

Dan Dicker, Energy contributor at TheStreet, talks with Jim Cramer about the latest move down in oil, again approaching $40 a barrel. Dicker has maintained that oil prices would fluctuate for the near term between $40 and $50 and recommended that oil stocks could be safely reduced as oil approached $50, but also sees opportunity to add shares now that oil is closer to $40. A growing number of speculative short sellers in oil that caused a rally once in August of this year adds to the current opportunity, he thinks. In particular, Dicker likes EOG Resources (EOG), Anandarko Petroleum (APC) and Hess (HES), while Cramer is drawn to Chevron (CVX).

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