This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Cramer's 'Mad Money' Recap: Chesapeake Energy a Gas

Click here for an archive of Cramer's "Mad Money" Recaps.

Jim Cramer told his "Mad Money" viewers on CNBC Thursday night that he will not be driven away by a market selloff. Indeed, even on a down day, Cramer is always on the lookout for a bull market.

With that out of the way, Cramer headed straight to Chesapeake Energy (CHK - Get Report), which has been on fire for the last year. Cramer said that he's been all over this stock because of the CEO's relentless insider buying. But now that the stock is up $6 from the CEO's last big purchase, where are we now with Chesapeake? Does it go up or does it go down from here?

Because Cramer isn't a fortuneteller, he decided to get the company's CEO, Aubrey McClendon, on the phone.

McClendon, who bought 500,000 shares in 2004, said he knows how to spot value when he sees it. And his bullishness was well rewarded Thursday, when the company turned in record numbers after the close. As to where he sees the price of oil going, he said it's definitely not going back to $18 -- and maybe not even $50 a barrel.

But this company is leveraged to natural gas and if natural gas spikes to $9 or $10, it would be huge for Chesapeake. The company is largely unhedged beyond $7. Cramer called the company the best and biggest pure play on natural gas in the market, and he said he would back up the truck on the stock and buy it.

Terex -- for a Trade

In light of the great quarter that Terex (TEX) reported Wednesday night, Cramer said it was prudent to address those who think it's ridiculous to own Terex -- which is not best of breed in its industry -- instead of Caterpillar (CAT), which is best of breed.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CTX $26.31 -0.34%
GSF $25.88 -0.23%
AFFX $11.70 -0.26%
ALJ $13.94 0.50%
AG $6.18 1.64%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs