Jim Cramer Recommends EQT and Devon Over Transocean

Transocean Ltd. (NYSE:RIG) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. When a caller asked if they should “add more” RIG shares, Cramer stated:

No, no, no. I’ll tell you, I do like EQT here very much, natural gas, and the Devon story actually makes me very excited.

Transocean Ltd. (NYSE:RIG) focuses on offshore oil and gas drilling and provides high-tech rigs and specialized crews to operate in deepwater and harsh environments. A caller asked for Cramer’s opinion during the February 27 episode, and he replied:

Alright… If it were a $60 stock instead of 6, no one would touch it. The fact is that it can go higher, but I do know it’s got a lot of debt. It’s not my favorite. My favorite is Halliburton, and my second favorite is SLB.

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