sharksm

Gas but Not Least - Cramer's Mad Money (6/18/08)

Cramer is a moron, only exceeded by those who swear by him. I have been Investing in energy since 1999 when oil was $12 bbl and nat. gas wass 1.72 mcf. I have and do still own CHK, COP,XOM, XTO. CVX, HK, numerous oil service & drillers and recently sold DVN which I had purchased at $7.00. Over those years I have heard Cramer scream buy, sell, buy sell, etc. ad nauseum. When a stock is at it's high, he yells, buy, buy, buy, and when it falls back he turns like a weathervane and yells sell. The normal ratio between oil & natural gas is 8-1 not 6-1, and natural gas will probably pull back into the $9-10 area, at which time Cramer with his clownlike appearance will, sweat,a wipe his brow and say take it off the table. He is an idiot and only exceeded by his fans. Since the cost of producing natural gas is less than $3.00 mcf, even $9.00 provides a nice margin. Also look at the drillers and service Companies, like PDC, HAL,RIG, NE, DO, PDS (which pays a 5% dividend), HERO, etc . I own them all.