Posts for Ticker ‘CLR’

Cramer’s Energy Shortage Stock Picks for 2010 (APC, CHK, XOM, XTO, DVN, SWN, APA, CLR, RRC, LINE, CVX, MRO, WPRT, CLNE)

Jim Cramer came out on CNBC’s MAD MONEY this evening with an interesting grouping of stock trends to invest in for 2010 and he thinks this is the year of active investing.  The first big trend to invest in is the coming energy shortage.  Those are his words, “an energy shortage.”  Specifically, Cramer believes in the recovery of natural gas versus oil.  He interviewed Jim Hackett, CEO of Anadarko Petroleum Corp. (NYSE: APC), and while we are skipping the details Cramer did say that he would stick with the company’s management and track record despite this having risen 19% more since his August 24 interview.

Cramer also called the deal announced today where Chesapeake Energy Corporation (NYSE: CHK) where Total SA (NYSE: TOT) will pay $2.25 billion for a 25% stake in Chesapeake’s Texas Barnett Shale.  Cramer believes this is no surprise after the recently announced deal for XTO Energy (NYSE: XTO) by Exxon Mobil Corp. (NYSE: XOM).  Other natural gas and crude E&P players Cramer touted were Devon Energy Corporation (NYSE: DVN), Southwestern Energy Co. (NYSE: SWN), Apache Corp. (NYSE: APA), Continental Resources Inc. (NYSE: CLR), and Range Resources Corp. (NYSE: RRC).  Cramer even said he still likes Linn Energy, LLC (NASDAQ: LINE) except it is up 70% and probably shouldn’t be chased.  On the integrated oil players, Cramer noted Chevron Corp. (NYSE: CVX) and Marathon Oil Corporation (NYSE: MRO) were the stocks he briefly noted.
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The 52-Week Low Club (OREX)(RFMD)(BRY)(CLR)(AES)

Sad_clown_2Orexigen Therapeutics (OREX) Trouble with mid-stage drug trials. Drops to $1.55 from 52- week high of $15.63.

Rf Microdevices (RFMD) Cuts guidance sharply. Falls to $.74 from 52-week high of $6.

Berry Petroleum (BRY) Hit by brokerage downgrade. Sells down to $6.50 from 52-week high of $62.15.

Continental Resources (CLR) Crude oil industry supplier in falling market. Dips to $13.01 from 52-week high of $83.81.

AES (AES) Company being accused of fraud. Down to $5.80 from 52-week high of $22.54.

Douglas A. McIntyre