Cramer’s Energy Trade
On today’s STOP TRADING segment on CNBC, Cramer has an energy trade. On Arch Coal (ACI-NYSE) Cramer said these have gone so low and oil has gone back up enough that it’s a matter of time before coal stocks come…
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On today’s STOP TRADING segment on CNBC, Cramer has an energy trade. On Arch Coal (ACI-NYSE) Cramer said these have gone so low and oil has gone back up enough that it’s a matter of time before coal stocks come back. Cramer says that Exxon or Sheel should be buying an Arch (ACI-NYSE) or a Peabody (BTU-NYSE). The guys that sold today are catching the lows. He has noted this before, but he gave more details about why we need coal. Chevron (CVX-NYSE) is another one that Cramer likes. They increased reserves and he thinks CVX shares could creep up to $82.00 to $85.00.
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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.
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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.
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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.