Cramer's 'Mad Money' Recap: Time Warner's Time to Shine

"The U.S. gas business is a mature business, and currently, declines are in excess of new production," he went on to say. "This will be self-correcting, and our gas prices will respond because of that."

Lesar also said people need to understand that that the price of gas is going to continue to go up, drilling has not stopped and the oil business continues to be good.

"People still don't believe in the U.S. gas market," he said.

With KBR (KBR Quote) proceeds, Lesar said Halliburton is in the process of buying shares back, and it will continue to look at acquisitions "to put a statement out there that we are long-term believers of where the market is."

Cramer said he is sticking with Halliburton, which he owns for his charitable trust, Action Alerts PLUS.

It is the cheapest stock in its group, he said.

"I'm not going away, I'm going toward it," Cramer said.

To view Cramer's interview with Dave Lesar, please click here.

Lightning Round

Cramer was bullish on Openwave Systems (OPWV Quote), Genentech (DNA Quote), CBOT Holdings (BOT Quote), Teppco Partners (TPP Quote), Coldwater Creek (CWTR Quote), Bank of America (BAC Quote) and The Knot (KNOT Quote).

Cramer was bearish on Home Solutions of America (HSOA Quote), Halozyme Therapeutics (HTI Quote), Nokia (NOK Quote), Cheesecake Factory (CAKE Quote) and Smith & Wesson (SWHC Quote).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here.