Click here for an archive of Cramer's "Mad Money" recaps.


"This is the year of natural gas," Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

As oil and coal gets more expensive, people are turning to natural gas to meet their increasing energy needs, he said.

Cramer Interviews CSX Corp. CEO

Cramer recommended El Paso Energy ( EP), a stock which he owns for his charitable trust, Action Alerts PLUS, as his new favorite natural gas company. El Paso owns and operates the largest natural gas pipeline in the U.S. and has one of the largest exploration and production operations in the country.

Cramer said that El Paso's two businesses -- exploration and production on one hand and pipeline on the other -- have made the company confusing to many investors and have been keeping its share price down. But he said there has been talk of the company splitting its two businesses and unleashing its hidden value.

The stock has been largely overlooked because it has risen only 3% this year compared with an average of 30% for its peers.

Regardless of whether the company splits or stays together, Cramer says both businesses are "on fire." El Paso's exploration and production business grew earnings at 92% year over year in the fourth quarter. Meanwhile the company also plans on investing $4 billion to expand its pipeline network.

Cramer cited strong insider buying as yet another reason to own the stock.

Bottom line: "El Paso is the cheapest natural gas play out there," he said.

Natural Gas Drilling Boom

Cramer continued on his natural gas theme and once again recommended Nabors Industries ( NBR - Get Report), the largest land driller of natural gas here in the U.S.

Cramer once again welcomed Gene Isenberg, chairman and CEO of Nabors, to the show to discuss what he calls "the year of natural gas."

Isenberg, who once said told viewers of Cramer's show that it wasn't time to buy his stock, now said the fundamentals of his industry have changed in his company's favor. He cited the rising cost of oil and coal as one of the driving forces behind people once again turning to the more affordable and cleaner burning natural gas.

Isenberg also predicted increased drilling both here in the U.S. and in the oil shale fields of Canada. He stopped short of predicting a shortage of drilling rigs, but he did say that he expects strong demand for all available rigs in the coming years.

Cramer reiterated his buy on Nabors.

An Energy Conservation Play

Cramer recommend Itron ( ITRI) as his next featured environmental stock for "green week." Itron manufactures electricity and water meters to help monitor and conserve utilities, which makes it the perfect "green" play, according to Cramer.

Itron is No. 1 in its industry, commanding a 50% market share. "Itron controls its own destiny," said Cramer.

The company is well-positioned, doing most of its business overseas and is not tied to the ailing U.S. economy and falling dollar.

Cramer also said Itron should benefit from an upcoming product upgrade cycle. He said he was drawn to the company for its valuation as well. The company trades at just 22 times its earnings, but has a 24% long-term growth rate.

"Itron may not be flamboyantly green," said Cramer, "but it's a cheap stock in a great business."

Environnmentally Friendly Rail

In honor of Earth Day, Cramer welcomed Michael Ward, Chairman, President and CEO of CSX ( CSX - Get Report) to the show to discuss his company's environmental side.

Ward explained that railroads are the most environmentally friendly form of transportation. He said his company saved over 900,000 gallons of fuel by using new technologies in their trains. He said the use of his railroad is the equivalent of taking one million cars off the road each year.

On the business side, Ward said his company is still seeing export strength in coal, fertilizers and ethanol, which he said is more than offsetting weakness in housing and other sectors.

He remains focused on creating shareholder value, after having recently announced an increase in the company's dividend and stock repurchase program.

Sudden Death

Cramer was bullish on First Solar ( FSLR - Get Report).

He was bearish on ReneSola ( SOL - Get Report), Triad Hospitals ( TRI - Get Report)and Briggs & Stratton ( BGG - Get Report).

Lightning Round

Cramer was bullish on Sears Holding ( SHLD), Costco ( COST), TJX Companies ( TJX), Wal-Mart ( WMT), Urban Outfitters ( URBN), Apple ( AAPL), Frontline ( FRO), Exxon Mobil ( XOM), AT&T ( T), CONSOL Energy ( CNX), Intel ( INTC), K-SEA Transportation ( KSP), Duke Energy ( DUK), Transocean ( RIG), Schlumberger ( SLB), Halliburton ( HAL)and Parker Drilling ( PKD).

Cramer was bearish on Excel Maritime ( EXM), Broadcom ( BRCM), International Coal Group ( ICO), Toyota Motor ( TM)and Hercules Offshore ( HERO).

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

For more of Cramer's insights during the Lightning Round, click here .

At the time of publication, Cramer was long El Paso.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.