Profits for the largest U.S. energy producers are poised to fall the most since 2009 as fracking...


Profits for the largest U.S. energy producers are poised to fall the most since 2009 as fracking punches a hole in natgas prices. The domestic glut will be especially painful for Chesapeake (CHK) and ConocoPhillips (COP), both of which amassed gas assets before the full impact of fracking on supply growth was apparent.

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Comments (3)
  • TruffelPig
    , contributor
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    I still remember when last year Cramer said on his show enthusiastically "this stock can double" about CHK at >$30. What a terrible call, also when thinking about how much the company cares about share holders. Get ERF or something with a good yield instead.
    21 Feb 2012, 06:20 AM Reply Like
  • stockdude1
    , contributor
    Comments (20) | Send Message
     
    Truffel,

     

    You are correct about Cramer's call but alas he is just another talking head who promotes stocks. I used to listen and trade off "these" guys , but I don't trade off their guesses anymore. Because that's what they are paid to do. Promote stocks with conviction,which they do!
    To be fair to Cramer he does offer some sound trading advice regarding diversification and doing homework on stocks,ect. but he is wrong just as many times as he is right when picking stocks, just like many other traders.
    Caveat Emptor and good luck!
    21 Feb 2012, 09:22 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
     
    I agree on your response - I wasn't really going into Cramer bashing. I do watch his show (but less often) and some of his advise is useful. But let us not forget that the show is "for entertainment purposes only". I can get better advise here on SA any given day on a certain stock.
    21 Feb 2012, 10:37 AM Reply Like
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