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TheStreet Open House

Cramer's 'Mad Money' Recap: A Rally With Some Fizz

Executive Decision: Floyd Wilson

In the "Executive Decision" segment, Cramer spoke with Floyd Wilson, chairman and CEO of Halcon Resources (HK), an oil and gas driller that's betting big on America's oil shale potential.

Wilson updated investors on a number of Halcon's oil shale projects. He said the company's Utica assets are delivering more oil and less gas, as hoped, while the Eagle Ford shale will be a huge opportunity for Halcon.

When asked why other companies would be willing to sell acreage to Halcon, Wilson noted that shale drilling is all about the latest technology, and those companies that have the latest tech will be able to pull up more oil and gas than those that don't. Therefore, buying previously drilled land land sense for all those involved.

Turning the the lack of shale infrastructure, Wilson said Halcon lays its own pipelines in order to transport its oil where it needs to be.

Finally, when asked about the possibility of two more shale fields being discovered in America, possibly even bigger than those already found, Wilson said he's heard those rumors but would not comment further.

Cramer said Halcon's past track record is what makes this company's prospects so exciting.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer posed the question, "What are investors expecting from the bank stocks?" He said both Wells Fargo (WFC) and US Bancorp (USB) posted solid earnings, yet neither seemed to be good enough for the markets.

It seems that what investors are really looking for is the "all clear" from bank executives, said Cramer. Unfortunately, these execs are not going to stick their necks out and proclaim that "things are terrific," especially under the watchful eyes of regulators who seem solely focused on keeping them from making making money.

As the global economy improves, these banks will perform markedly better, Cramer concluded, but don't expect them to tell you about it until it actually happens.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had positions in EWW, GS, JNJ.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com 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 TheStreet.com, 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 TheStreet.com 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, TheStreet.com 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 TheStreet.com, 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 TheStreet.com. 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 TheStreet.com, 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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