Cramer's 'Mad Money' Recap: A Home-Grown Natural Gas Play

Cramer welcomed Ben Hulburt, president and CEO of Rex Energy, to the show to discuss his company's recent surge.

Hulburt said that finding oil and gas is always a tough business, but Rex has been enjoying continued successes. He said that all oil shale drilling is now expanding throughout Pennsylvania, New Jersey and New York, but the infrastructure in the area may not be able to handle the quantity of gas the area is capable of producing.

According to Hulburt, increased oil and gas production will have to be part of any long-term energy strategy. Cramer stood behind his earlier call on Rex and continued to recommend the stock.

CSX to Fight On

Cramer again welcomed Michael Ward, chairman, president and CEO of CSX (CSX Quote) to the show to discuss his continuing struggles with the hedge funds that are seeking his ouster.

Ward said he's going to continue to fight against the funds trying to seize control of CSX. He said the company will go to an appeals court tomorrow seeking remedies after a lower court judge ruled the hedge funds illegally acquired a major stake in the company but stopped short of stripping them of their voting shares.

The judge noted the hedge funds testified falsely under oath and indicated that they should not be allowed to vote their shares in the looming proxy fight.

According to Ward, "these hedge funds have been trying to deceive CSX shareholders to implement their shortsighted agenda." He said that his management team will not stop delivering value to the CSX shareholders, citing the company's track record as being amongst the top 5% of the S&P500 when it comes earnings per share.