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.
- Last night Cramer called FMC a hidden Agriculture trade.
- He’s also got picks in Brazil.
- Despite a sharp rebound from lows, he’s still anti-tech.
- There is also this XTO secondary that hurt the stock, but everyone keeps talking it up.
Jon C. Ogg
February 14, 2008