Carrizo (CRZO), One of Jim Cramer's Top Oil & Gas Picks

CNBC's Jim Carmer is telling investors not to walk away from the gas boom as he believes there is more money to be made.

Cramer said on his show, "Mad Money," that Carrizo Oil and Gas (Nasdaq: CRZO) is one of his top picks in the oil and gas industry. He calls the stock "way too cheap" considering that it is only trading at 8.5 times its forward earnings and is forecasted to see production growth of 63 percent next year.

At this time major companies; BP (NYSE: BP), Marathon Oil (NYSE: MRO) are spending massive amounts of money to stake claim in the same shales Carrizo is currently in, notes Cramer.

Here is a link to an interview that Cramer has with Carrizo's CEO Chip Johnson: http://video.cnbc.com/gallery/?video=3000032898

Shares of Carrizo are indicated to open higher today.

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