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Jim Cramer's performance on ConocoPhillips (COP) has been mostly bullish since October 2005, having called it the best-of-breed integrated oil play over Exxon Mobil (XOM) and Chevron (CVX). Jim's steadfast endorsement of the stock wavered in late 2006 as crude oil plummeted from the mid-70's per barrel to the low 50's. As Cramer proclaimed on 11/17/2006, "COP is an inexpensive stock, but that does not make it a good stock. Oil is at 55, and COP should be at 58." The actual price of ConocoPhillips shares was 62 at the time. In June and July of 2007, he called it a triple buy, an "annointed stock" and responded to an emailer saying he wish he owned it for his charitable trust. Not long after, Cramer bought the stock for his "Action Alerts Plus" charitable trust.
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