Jim Cramer Highlights Halliburton as a Speculative Venezuela Rebuild Play

Halliburton Company (NYSE:HAL) is one of the stocks Jim Cramer offered insights on. Cramer highlighted the company’s potential while noting the risks when it comes to owning the stock. He commented:

“Everything’s going to have to be rebuilt, maybe Halliburton… Schlumberger, now SLB. All got major contracts in Iraq for a similar situation. It could happen in Venezuela. They could be considered potential winners here, too. Now, that’s the speculation. Here’s the issue. All these stocks I just mentioned zoomed from the get-go. You had to pay top dollar to get into this game today. I think the moves were well thought out in terms of the players. The stocks were right, but they were not well thought out in terms of profits. In that case, the stocks were wrong. Why? Because they opened too high, all of them. Now, we have a set of overinflated stocks, and you got to expect losses for those who came in at the high because the time frame here for all these stories to play out is years, not days. I am betting that in a few days or even as soon as tomorrow, there will be no one to sell these stocks to at a profit if you bought them when they opened or throughout the day.”

A stock market graph. Photo by energepic.com

Halliburton Company (NYSE:HAL) provides equipment, technologies, and services used in oil and gas exploration, drilling, completion, and production.

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Disclosure: None. This article is originally published at Insider Monkey.