Energy
Cramer's Oil & Gas Wildcatting Week (HK, REXX, BZP, RRC, RAME)
Published:
This week on CNBC’s "MAD MONEY," Jim Cramer had another one of those "one pick per night" features. This week’s special feature wasn’t just oil, it was wildcatting. Yep, drill a hole in the ground and see what happens. In his version of the wildcatting climate, it is now highly profitable because oil prices are incredibly high and the costs are easy to recoup. Here are his picks in the sector chronologically, and the "gain" posted here is on the "day after move" rather than for the week:
- Monday… Petrohawk Energy Corp. (NYSE: HK) -4.1%
- Tuesday… Rex Energy Corp. (NASDAQ: REXX) +6.2%
- Wednesday… BPZ Resources, Inc. (NYSE: BZP) +7.4%
- Thursday… Range Resources Corp. (NYSE: RRC) -1.1%
- Friday… RAM Energy Resources, Inc. (NASDAQ: RAME) +10% (in after-hours trading on Friday after he touted it)
Enjoy your weekend, and if there used to be an oil well that was drilled dry or if there have been any oil discoveries within about 20 or 30 miles of your property it might be worth calling one of these companies……
Jon C. Ogg
June 13, 2008
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