Energy
Cramer's Natural Gas Stock For 2008 Production Increases (UPL, HAL)
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Tonight on CNBC’s MAD MONEY, Jim Cramer said he’s been expecting natural gas to catch on for years, particularly since natural gas is the same price as two years ago while oil has doubled.
Ultra Petroleum (NYSE: UPL) is his winner for the sector. There are energy companies focused on production growth, and they raised quarterly production growth by over 30% for 2007 and by 12.1% for 2008. The company is awaiting some government decision that may allow an eightfold increase in the number of wells in the area it operates in with year-round drilling. He thinks this was great before but with the Bureau of Land Management decision coming, it could be much higher.
Last night Jim Cramer said that Halliburton (NYSE:HAL) was still one of his picks in the sector too that he wants to stick with, and that was one of 2007’s top value stocks he gave.
If you want the full summary of our key Cramer picks from 2007 that still are active or that will be built upon in 2008, you can access "Cramer backward and forward 2007 into 2008" here.
Jon C. Ogg
January 3, 2008
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