Energy Business

Cramer's Big Pipe Hit (WG)

On tonight’s MAD MONEY on CNBC, Jim Cramer came out discussing oil and gas infrastructure, and said that a relatively small player name Willbros Group, Inc. (NYSE: WG) is a winner.  The company focuses on pipelines and associated facilities for onshore, coastal, and offshore locations.  He noted how the company sees $8 Billion worth of opportunity down the road in the coming years as we need several thousand more miles of pipeline both upstream and midstream.  This one also only has a $1.2 Billion market cap.  Cramer noted this is at the heart of the return of the natural gas and infrastructure theme. 

This closed down 2.6% today at $34.78 and the 52-week range is $20.05 to $62.04.  Cramer’s target: $45.00.

Jon C. Ogg
February 14, 2008