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Cramer's 'Mad Money' Recap: Cheniere's Dear Friend

Stock quotes in this article: LNG , CD , TXN , PLAY , IBM , JOE , NBR , HW , GGC , MU , PETM , GME , VCLK , HDI , PRU , MET , CERN , BAC , ILSE , CME , BOT , SONC , GOOG , GLW , PORK , CSCO , ATYT , ALO , ERTS , LCAV , ZNT , BVF , JCI , YRK , GPC , RFXCQ , SGP  

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Jim Cramer issued a "triple buy" Monday on Cheniere Energy (LNG Quote) calling it a "pure play on cronyism" after the energy company hired The Abraham Group, former U.S. Energy Secretary Spencer Abraham's consulting firm, to help navigate the permitting process for its new liquefied natural gas (LNG) facilities.

Cramer told viewers of his "Mad Money" TV show Cheniere has begun construction on two LNG receiving terminals on the Gulf Coast and plans to build two more there. After hurricanes Katrina and Rita, Cramer believed plans for all Cheniere's LNG terminals might be scrapped as the Gulf could have been perceived as too risky a place to locate them. However, it seems momentum has not waned, and the projects are moving forward, he said. ...

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