Cramer: What BHP Deal Could Mean for Oil Stocks

Oil stocks have been in free fall for weeks even as the price of oil is holding at the $47 level. Many oil companies' shares are closing in on their January-February 2016 lows. That's incredible given that oil had plummeted to $26 back then, some $20 lower than crude currently trades at. Some oil and gas stocks, especially the service stocks but also some notable independents, have already crashed through their bottoms from back then.

The bear market in oil, which is taking a slight breather today, has been relentless. Hundreds of portfolio managers are aghast at these declines in what were thought to be value stocks....680 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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