Moisten a cheesecloth and drain the oysters over a bowl. Save the juices.
About five minutes before you are ready to eat begin the stew. Heat the liquor or juices and cream or milk separately. Using the microwave will save stove space. Heat the butter in a non-aluminum pot. Toss in the drained oysters and cook just until the oysters begin to curl. Pour in the hot cream and liquor. Taste for salt and pepper. If using pepper use freshly ground white.
Serve immediately with a light sprinkling of chopped parsley and paprika. Pass a bowl of oyster crackers.