When asked about a possible pipeline to California, Kinder said the company is working on a $2 billion project to bring gas from the Permian Basin to California, but the success of that project will depend on whether producers and refiners get on board and sign on to use the capacity. He said Kinder Morgan always plays it conservative, so it won't talk about the project until the throughput is there.
Overall, Kinder said he sees opportunity all over America, from the Marcellus and Utica in the Northeast to the Bakken out West to the Permian and Eagle Ford in Texas.
Cramer said Kinder Morgan Energy Partners remains his favorite company in this group and he commends Kinder for never selling a single share and only taking $1 a year in salary.
Executive Decision: Indra Nooyi
In a second exclusive "Executive Decision" segment, Cramer once again sat down with Indra Nooyi, chairman and CEO of Pepsico, which today delivered a seven-cents-a-share earnings beat on higher-than-expected revenue. Shares of Pepsico are up 19% so far this year.
Nooyi said that Pepsico is a great American company gone global. In order to stay that way, the company needed to transform itself, which is what they've been working hard at doing over the past few years. She said the world has gone from being centered on the West to more globally centric, while at the same time, moving from youthful to aging and from fun products to more products that are good for you.
That's why Pepsico has reduced salt, fat and sugars from all its products and invested in growth to build a sustainable company for the future. Nooyi said that at $67 billion in sales, Pepsico is the right size to make an impact in every country and doesn't see the need to expand through acquisitions. Instead, she said that Pepsico is full of internal activists that are constantly working to create more shareholder value from within.
When asked about the epic battle of
versus Pepsico, Nooyi said that battle ended a long time ago and Pepsi now competes on a portfolio versus portfolio basis with a number of companies, which helps to keep her job "fun."