Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In an "Executive Decision" segment, Cramer sat down with Tim Dove, president and CEO of Pioneer Natural Resources (PXD) - Get Report , the oil producer whose shares plunged 13% after the company cut its production targets earlier this month. Shares of Pioneer are down 27% so far this year.
Dove said that Pioneer continues to be a leader in oil exports, averaging one million barrels a quarter, a number which he said will grow considerably larger. Much of Pioneer's oil is high quality and low sulphur, making it ideal for many refiners.
Dove added that Pioneer's 10-year plan is based on $55 a barrel oil and they're 90% hedged this year against anything below $50 a barrel.
When asked about the U.S. oil industry being its own worst enemy, Dove said that U.S. production of 9.5 million barrels a day will likely increase to 10.7 million by the end of 2018, meaning the U.S. will be able to fill any gaps in demand, but in the end they "drill wells to make money," so the industry won't let prices fall too far.
Finally, Dove said he'd love to take back his mention of "train wreck" oil wells on his company's conference call. He said the term is an internal one that references wells that are more than 10% outside of their estimates. The term does not mean that Pioneer is losing money on those wells.
On Real Money, Cramer says that for Amazon (AMZN) - Get Report , the execution of its new, alien bricks-and-mortar concept takes center stage now. Get Cramer's insights with a free trial subscription to Real Money.
Cramer and the AAP team do some charting analysis for their investment club members on General Electric (GE) - Get Report . Get in on the conversation with a free trial subscription to Action Alerts PLUS.
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At the time of publication, Cramer's Action Alerts PLUS had a position in GE.