Cramer said he is sticking by Halliburton (HAL): it is the cheapest in the group, and it has the lowest multiples it has really seen. He spoke to HAL’s CEO in an interview on MAD MONEY. Cramer asked point blank if the perceived ties to VP Cheney hurt them on an international basis where business may go to Schlumberger (SLB) and the CEO said the company never hears that as any logic or reasoning from customers. HAL has been sliding all month, but shares closed up 1.5% at $32.72 in normal trading and shares were up another 0.6% at $32.92 after he said he is sticking with it. Keep in mind that Cramer has been touting this stock at levels higher than this and lower than this, so this is not at all his first pony ride on HAL.
Jon C. Ogg
December 13, 2006
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