Jim Cramer Advises on Energy Stocks: Favors Diamondback Energy, Gives Thumbs Down to Schlumberger

Investment pundit Jim Cramer has recently offered his insights on the energy sector, guiding investors through the labyrinth of opportunities and pitfalls. Among his top picks is Diamondback Energy, Inc. FANG, a hydrocarbon exploration company with roots in Midland, Texas. The company received a nod of approval from its shareholders for a proposed transaction with Endeavor Energy Resources, L.P., igniting investor interest.

Energy Companies on the Radar

Aside from his endorsement of FANG, Cramer has shown less enthusiasm for Schlumberger Limited SLB, an oilfield services company with a global footprint and executive offices in major cities like Paris and Houston. According to Cramer, SLB did not perform to expectations, leaving investors to ponder their next move with the company.

Diverse Opportunities in Energy and Technology

FANG is not the only stock catching Cramer's eye; he also shows interest in Palantir Technologies PLTR, a software company based in Denver that specializes in platforms for intelligence and counterterrorism activities. Further diversifying the landscape of potential investments are companies in various other sectors, such as Celsius Holdings, Inc. CELH, known for its fitness drinks and headquartered in Boca Raton, Florida; Pioneer Natural Resources PXD, a leading hydrocarbon exploration company in the Permian Basin; and insurance giants The Travelers Companies, Inc. TRV and The Progressive Corporation PGR, both of which solidify the portfolio with financial stability.

energy, stocks, Cramer