Executive Decision: Lee Boothby
For his second "Executive Decision" segment, Cramer stuck with the oil and gas theme and spoke with Lee Boothby, chairman, president and CEO of Newfield Exploration (NFX - Get Report), a company that's selling its overseas assets in order to double down on its U.S. assets. Shares of Newfield are up 35% since Cramer last checked in a year ago.
Boothby said the U.S. is the "place to be" and he hopes to have the last of Newfield's Chinese assets sold by the end of 2014, making them a 100% domestic operator thereafter. He said Newfield has a strong inventory of opportunities and this is an exciting time for the industry and the nation.
For Newfield, it was a strategic decision to refocus on the U.S. Boothby noted that new technology and a renewed sense of entrepreneurship in America is giving our nation the greatest energy gift of the past 100 years.When asked about the bottlenecks getting their product to market, Boothby said Newfield hasn't seen many issues and thanks to great planning, they're able to move capital and resources where its needed. Cramer said that Newfield is yet another great American success story and, yes, they're hiring.