Executive Decision: Floyd Wilson
In the "Executive Decision" segment, Cramer spoke with Floyd Wilson, chairman and CEO of
(HK - Get Report)
, 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
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.
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-- Written by Scott Rutt in Washington, D.C.
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