Dan Dicker, Energy Contributor at TheStreet, talks to Jim Cramer about the strange world of current oil prices and oil stocks. Low oil prices have held down the profits of U.S. oil independents, and low prices have been caused by a continuing surplus of production from U.S. producers. While stocks have positively reacted to increased production in the past, Dicker thinks we’re now at a point where lowered targets and reduced production are positive signs for the market. He particularly likes the plans for reduced output when they’re coming from well-capitalized independents with solid asset portfolios – particularly Anadarko Petroleum (APC), EOG Resources (EOG) and Hess (HES).
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