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Cramer's 'Mad Money' Recap: Trading in a Perilous Market (Final)

U.S. Coming Global Oil Power

In his second "Executive Decision" segment, Cramer sat down with Patrick Daniel, president and CEO of Enbridge (ENB - Get Report), an oil pipeline master limited partnership that's delivered a 35% total return over the past year.

Daniel first touted his company's direct investment plan, which allows investors to buy shares directly from the company and reinvest their dividends at a 2% discount to the market. He said the plan is an excellent way for investors to grow their shares and invest in Enbridge.

Turning towards the company's business, Daniel said that Enbridge's success has stemmed from the strong positioning of its assets, most of which extend from the oil sands of Canada to U.S. refiners in the Midwest. He said that some of Enbridge's pipelines run right through the Bakken shale region in North Dakota, and the company will be opening new pipelines from Cushing, Oklah. to the Gulf of Mexico in efforts to reduce the backlog and price differential between West Texas oil prices and the rest of the world.

When asked about the political football known as the Keystone XL pipeline from Canada to the Gulf, Daniel said that Enbridge supports his rival's initiative because the U.S. needs more oil. He said that while oil from the oil sands has a higher carbon footprint that some other oils, it's still far better than coal and imported oil from foreign countries.

Daniel closed by making the bold statement that by 2016, the U.S. will emerge as the largest oil producing country in the world, surpassing even Saudia Arabia, thanks to the huge discoveries in the Bakken, Eagleford, Marcellus, Utica and other oil shale fields.

Cramer reiterated his recommendation of Enbridge.

Lightning Round

Cramer was bullish on Suncor Energy (SU - Get Report), Core Labs (CLB - Get Report), Verizon (VZ - Get Report), UnitedHealth Group (UNH - Get Report) and WellPoint (WLP).

He was bearish on Netflix (NFLX), Global Geophysical Services (GGS), BGC Partners (BGCP), Spirit Airlines (SAVE) and Jefferies Group (JEF).

Closing Comments

In his "No Huddle Offense" segment, Cramer once again opined on investing in the banks stocks, a group that he still recommended avoiding.

Cramer said that if investors can think of even a single legitimate reason to own the banks, they should feel free to speculate on them. But he said he couldn't think of a single one.

Cramer said that's it's ironic that the banks that once thought they needed a global footprint in order to be competitive are now reeling from that decision. He said these banks still don't even know what they're on the hook for, who's solvent and who isn't.

But even without the global financial malaise, Cramer said the banks would still be having a hard time, as mergers and acquisitions have been painfully slow, as has the IPO market, two big areas for profits. Additionally, the government has stripped the banks' ability to make a lot of money from consumer credit cards and other once-profitable businesses, leaving the banks just shells of their former selves.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here: Scott Rutt.

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For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was not long any stock mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.
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WLP $136.01 1.43%
BA $108.63 0.00%
CLB $99.38 0.00%
ENB $31.88 0.00%
HXL $39.61 0.00%


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