Not many people in the business have contradicted themselves more than Cramer. I do watch him because of sheer information, interviews with CEOs of other companies and because it preceeds my favorite show, The Kudlow Report. But in terms of what he recommends and doesn't, it does not impact my thinking.
The fact that he suggested that ConocoPhillips' growth potential is limited is not only laughable but it really speaks to credibility and his knowledge of the company. I've got numerous friends who have owned ExxonMobil stock for over two decades and while they are going to retain their position in Exxon, they all jumped at the low $50's offering of Conoco earlier this month and they all believe Conoco will outperform Exxon in the next five years. The projects Concoco's management has in the hopper that it is committed to in the coming years are well-documented.
The reality: Exxon, Chevron and Conoco are excellent high-cap, dividend oil stocks. I don't think you can go wrong with either. But in the $50's with a meaty $2.64 dividend and with management's commitment to continue to pay out its dividend and furthermore grow it, I'm backing the truck up and loading up on COP for the long haul. And yes, I sold my PSX shares a day after the spinoff.
He looks out for Cramer and he knows it. While he has been disgraced before, he realizes that he can move a stock just by mentioning it. I do not listen to him because he is just a showman and after one trip through his show I had enough. My opinion only, and not to detract to the fans who watch him, I get my info. elsewhere.
He said he initially recommended the stock based on an expected pre-split runup. After the split, current values (both COP, PSX) are less attractive than altermaives based on growth and forward P/E. He has a point. I've had this stock since the DuPont conversion and didn't favor the split.