Stop Trading!
Cramer's 'Stop Trading!': The Nat Gas Boom
TheStreet.com Staff
05/13/08 - 02:56 PM EDT
"This is the year of natural gas," Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.
On news that EnCana (ECA Quote - Cramer on ECA - Stock Picks) would be splitting into a natural gas firm and an integrated oil company, Cramer said several other companies might make a similar move. He pointed to Anadarko (APC Quote - Cramer on APC - Stock Picks) and ExxonMobil (XOM Quote - Cramer on XOM - Stock Picks).
"My urging is you go over these companies," Cramer said. "They all have oil, and they've all got gas businesses." He advised against chasing the stocks higher, but said that inventory numbers could send these stocks down, creating a buying opportunity.
Cramer also discussed Toll Brothers (TOL Quote - Cramer on TOL - Stock Picks) CEO Bob Toll, who will be appearing on "Mad Money" tonight. Cramer praised Toll for always being "straight with me." He said the homebuilding CEO is "not bullish at all." Cramer said he would ask Toll why he is talking about buying more land, a move of which Cramer is skeptical.