Cramer’s Natural Gas Play (CHK)

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By Douglas A. McIntyre Updated Published
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Tonight on CNBC’s MAD MONEY, Jim Cramer came out with some huge commodity price calls all around "Sweet 16" and "March Madness."  His picks all revolve around "$16" for commodity price handles.  He already gave a new gold pick tonight and also gave a new agriculture pick that is different than his top ag-play last week.

Cramer thinks that as oil and coal go up and up, natural gas becomes the go-to play and his pick in natural gas is Chesapeake Energy Corp. (NYSE: CHK).  He likes the production growth, and he really likes that insiders and the CEO are buying up stock.  This insider buying is after waves of successful insider buying that has now seen exponential gains.  But the last bit of insider buying was a monster purchase and that has moved more than $10 since then.  He also noted that bears are shorting the stock and the stock doesn’t really stay down that much.

Jon C. Ogg
March 3, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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