Jim Cramer Shares His Thoughts On Caterpillar Inc. And Oasis Petroleum Inc.

Jim Cramer said on the show that

is a great American company, but he wouldn't buy it because it is levered to crude oil and mining and these sectors are in a secular decline. He would buy it when the dividend yield reaches 4 percent. Cramer's charitable fund owns

, which is the best energy stock in his opinion, but he is losing money on that position.

is not an oasis and it is not immune to the problems in the space so he wouldn't buy it.