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Jim Cramer said on
CNBC's Mad Money that in a food chain of horrible companies in the crude oil sector
Seadrill LtdSDRL is at the low.
Cramer would rather be in
Schlumberger Limited.SLB because it is a great company with crude oil at $40 or at $140.
Seadrill Ltd is a roll of the dice, added Cramer.
Cramer believes that
Petroleo Brasileiro Petrobras SA (ADR)PBR is one of the most over levered and under managed companies he has ever seen in his career. He would sell to save $6.
Dow Chemical CoDOW is doing a great job, thinks Cramer. The company is improving gross margins. It had a problem with activists, but when that finishes
Dow Chemical Co is going to be a low cost producer of high quality proprietary products.
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