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NEW YORK (TheStreet) -- Every night, Jim Cramer sits down with CEOs and executives on his "Mad Money" show to discuss their business, the economy, politics and more. Today we look back at his recent interviews with Barry Davis, president and CEO of Crosstex Energy (XTEX), and Nick Akins, chairman, president and CEO of American Electric Power (AEP), two companies at the heart of America's oil and gas revolution.
These are excerpts from Cramer's 'Mad Money' Recap, originally published on Jan. 15 and Jan. 31, 2014.
Executive Decision: Barry DavisFor his "Executive Decision" segment, Cramer sat down with Barry Davis, president and CEO of Crosstex Energy, an oil and gas MLP that's up 80% since Cramer last checked in with the company a year ago. Davis said these are exciting time for Crosstex and a new era for the industry as the oil and gas revolution in America continues. He said his company's new partnership with Devon Energy (DVN) will help provide a diverse portfolio of assets that's over 95% fee-based, meaning they're not tied to the price of the commodities moved. Davis said Crosstex, and the new entity that will be created with Devon, have multiple avenues for growth, from expanding their platform organically to having partners like Devon drop assets into the master limited partnership, to additional mergers and acquisitions. One of the challenges the oil industry now faces is production growth is not in the same places its always been, but that plays right into the hands of Crosstex, which helps connect production to consumption. Cramer said that even with Treasury yields on the rise, the yields from MLPs like Crosstex remains an attractive source of growth and income. Executive Decision: Nick Akins For his "Executive Decision" segment, Cramer checked in with Nick Akins, chairman, president and CEO of American Electric Power, the high-yielding utility with a 4.2% yield that just delivered a three-cents-a-share earnings beat on better than expected revenue. Akins said he's very optimistic about the future after posting positive results in all three areas of the business: residential, commercial and industrial. That's the first time all three areas have grown since 2007, he noted. Among the bright spots for AEP are the oil, gas and chemical industries, but Akins said all industrial growth always creates additional opportunities as commercial and residential growth follows those new factories and plants. Cold weather also played a factor in AEP's results, Akins said, because while extremely cold weather may be bad for consumers, it produces dramatically higher revenue for utilities. When asked about the changing utility landscape, Akins said AEP continues to spend money on the right things, including rehabilitating the power grid and preparing for most phasing out of coal-fired power plants in 2015. Cramer said AEP continues to deliver consistent earnings for shareholders.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here. -- 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
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