Jim Cramer - Mad Money ChampionX CHX-Q STRONG BUY Mar 27, 2023

An oil company spin-off from 2018 that has sold off hard last year as rates climbed and more recently during the banking crisis. Tailwinds could be the banking crisis slowing rate hikes and China demanding more oil. The company has formed in a merger in mid-2020 which is now complete so they can maximize production of existing wells--that's where the money is, and that's what produces want instead of spending on drilling new wells. CHX is also investing in green energy--emissions monitoring in which CHX is emerging as a leader. In 2022, CHX boasted 24% revenue growth due to more drilling and strong pricing power. Also, they've paid down debt and cut a lot of costs in recent years.