Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Friday June 27.

Hornbeck Offshore Services (HOS)

Continuing his series on offshore drilling, Cramer discussed Hornbeck Offshore drilling services, which makes offshore support vessels [OSVs] which enable rigs to work in cold weather, transport supplies and remove waste. Hornbeck will profit from the shortage in OSVs, especially since it is expected to spin off its tugboat and barge business to purchase more OSVs. The stock trades at 11.2 earnings and has just 20 million shares, so Cramer advises using limit orders and waiting for a pullback.

BP (BP), Permian Basin Royalty Trust (PBT), ConcoPhillips (COP). Williams (WMB), CGV (CGV), Oceaneering International (OII), FMC Tech (FTI), Smith International (SII), Hornbeck Offshore Services (HOS), El Paso (EP)

One way to play the following week is the through the oil inventory number to be released on Wednesday, said Cramer. Despite the “hoopla” it is expected to generate, the figure is a “contrary indicator” and doesn’t really affect the price of oil; "if you go against it, you get your best trade of the week," said Cramer. A high number will cause a selloff, in which case, Cramer would look at BP with a 5% yield or PBT with an even higher dividend. For stocks with momentum, Cramer would consider COP and WMB. He might use the opportunity to buy El Paso, which is the most undervalued stock in the group, as well as offshore plays he has recommended throughout the week, OiI, FTI, SII and HOS. Cramer reiterated; there is no trade if the number doesn’t rise.

Britannia Bulk Holdings (DWT), Navios Maritime (NM), Nordic American Tanker (NAT)

The Baltic Dry Index took a hit after China reduced its iron ore orders, a move which sent Dry Bulk shippers down. Cramer would pick up recent IPO Britannia Bulk Holdings from the rubble, because the move dropped its price from $15 a share to $12.80. Cramer expects demand to return to normal, and likes the stock’s 8.8% dividend. In addition, DWT is adding six more ships to its fleet, and unlike other shippers, can cut through ice and sail efficiently in inclement weather. Cramer urged investors to use limit orders, buy in increments, and not to pay over $13 for the stock. Cramer passed on NM and said Nordic American Tanker is also a great company in the space.

CEO John McFarland: Baldor Electric (BEZ)

“Anywhere there’s movement, there’s a motor” said CEO John McFarland whose company produces motors in all shapes and sizes but is not levered to the ailing housing and auto markets; “We don’t make any motors that you find in your home or in your car.” The stock’s 3% drop since mid-June belies the fact the company has doubled profit in the past 18 months, taken care of its debts, increased international exposure and achieved record margins. Cramer gave Baldor the highest approval.

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