Jim Cramer on Concho Resources' Secondary Offering - Presented by: The Aol. On Network

TheStreet's Action Alerts PLUS co-portfolio manager Jim Cramer says the secondary offering from Concho Resources is the best he has seen so far this year. Cramer says Concho Resources priced 6.5 million shares at $129 each and the stock immediately shot up to $131. Cramer says there is strong demand for shares of any company related to oil.

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