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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: Don't Count Manufacturing Out

Griffith closed by saying that Timken, among other Ohio manufacturers, have become globally competitive in their markets, which has helps grow Ohio's economy.

Utica Shale Revolution

For his second "Executive Decision" segment, Cramer went on location with Aubrey McClendon, president and CEO of Chesapeake Energy (CHK), an oil and natural gas producer at the heart of Ohio's Utica Shale revolution.

McClendon said that four years ago, the world didn't even know the Utica Shale formation existed. Even then he was explaining to leaders in Washington that American natural gas could transform our nation.

He said natural gas can not only lower the price of American energy, but also improve our environment and dramatically change our foreign policy landscape. He also pointed out that oil imports are already at five years lows, and he expects that trend to continue.

As for Utica's significance to Ohio, McClendon said that sitting directly between Pittsburgh and Cleveland is the area where American manufacturing began, and now the natural gas revolution is once again bringing hope and high-paying jobs to a region often deemed "the rust belt." He said whether you're a PhD or just enjoy working with your hands, Chesapeake has high-paying opportunities for you.

Turning to Chesapeake's transition from an exclusive natural gas producer to one with an oil and gas mix, McClendon admitted it's been a difficult year for his company. He said Chesapeake was a top 30 oil producer just two years ago and now sits at number 12, but ultimately he plans for the company to break into the top five within another two to three years. Many investors don't think the company can do it with gas prices so low, he said, which is why nearly 14% of Chesapeake shares are currently sold short.

McClendon described Chesapeake as now transitioning from the "capture" phase to the "harvest" phase, as it now has all the right assets in the right places and can deliver for shareholders. He said Chesapeake also made many changes in its corporate governance to address investor concerns.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,982.59 +22.02 0.13%
S&P 500 1,978.91 +0.57 0.03%
NASDAQ 4,444.9090 -4.6550 -0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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