Cramer said Anadarko gets a lot of its production from deepwater discoveries and has raised its production guidance, Cramer said. "I love the fact that they are drilling."
With that said, he welcomed Anadarko CEO James Hackett to the show and asked him why the issue of natural gas hasn't been at the front and center of the presidential debate. Hackett agreed that it's a shame that natural gas doesn't get the praise and support it deserves. Anadarko has demonstrated its belief in natural gas by its ambitious drilling program. In fact, the company's two acquisitions last year were driven toward the idea of alleviating some of the difficulty in operating internationally, Hackett said. Additionally, he said, Anadarko loves the idea of picking up some more domestic resources especially at a time when environmental concerns are getting larger. "We are very active in the deep waters of the Gulf of Mexico," Hackett said. Because the state and federal regulations for drilling there are getting tougher, it's a challenge in his business for companies to drill there, he said. Hackett believes that those who do drill there and do it well "are people that ought to be encouraged." "You can have your bonds, but I have a hero and he's making you money," Cramer said of Hackett. "Forget bonds. Buy stocks. Buy Anadarko."- Loading Comments...
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