When asked about taking on a foreign investor as a partner, Evans said there's a lot of interest by foreign companies to learn about U.S. oil and gas technologies. He said Magnum certainly could bring on a foreign investor if it wanted to.
Cramer admitted that his recommendation of Magnum last year did not pan out for investors. He said the underlying story remains strong at the company, but whether the markets will recognize that potential is another story.
Takeover fever has hit the markets, Cramer told viewers, but that doesn't mean investors should go gaga over every takeover rumor.
Cramer said rumors that
may be taken over or taken private certainly make for great headlines but investors need to remain skeptical, especially when the "reports" are few on facts.
"Don't get taken," Cramer concluded.
has been trying to work out a deal for months now, but so far nothing has materialized.
In the Lightning Round, Cramer was bullish on
US Airways Group
Advance Auto Parts
Cramer was bearish on
Improvement on the Horizon
In his second "Executive Decision" segment, Cramer sat down with Herbjorn Hansson, chairman and CEO of
Nordic American Tanker
(NAT - Get Report)
, a stock that's down huge over the past two years because the global recession has put a huge dent in the company's profitability. Nordic American currently sports a 7.3% dividend yield.
Hansson confirmed there is less oil flowing into the U.S. thanks to increased domestic production, but he said increased demand from China is more than offsetting that decline. He said the Chinese use more oil per capita that their U.S. counterparts, which makes the potential for oil in the Far East a tremendous opportunity.
Hansson said Nordic American recently cut its dividend to help fund new ships and increase capacity for when the world's economies recover. He has personally invested millions because he believes in the company's turnaround.
When asked where the bottom of the market is, Hansson said it has been reached now. Next year the size of the global ship fleet will decline for the first time in many years, and he's now able to buy a new ship for just $52 million -- the same ship cost over $100 million just a few years ago.
Cramer said Hansson has been in the business for a very long time, so if he says a turn is at hand, Cramer's a believer.
Am I Diversified?
In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to
to see if investors' portfolios have what it takes for today's markets.
The first portfolio included:
Bank of America
and Toll Brothers.
Cramer said this portfolio was "perfection."
The second portfolio's top holdings included:
Cramer also blessed this portfolio as properly diversified.
The third portfolio had:
as its top five stocks.
Cramer also blessed this portfolio as diversified.
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-- Written by Scott Rutt in Washington, D.C.
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