Executive Decision: Daniel Rice
For his "Executive Decision" segment, Cramer sat down with Daniel Rice, CEO of Rice Energy (RICE), the natural gas producer in the Marcellus shale region of Pennsylvania that came public recently just as natural gas prices were spiking on heels of a harsh winter throughout most of the country.
Rice explained that drilling in shale is a fairly new industry, which is why his company is built exclusively as a shale company -- one that is focused exclusively on maximizing returns on shale wells. Rice Energy's breakeven point for natural gas is between $2.00 and $2.50 per MCF, making the company among the most efficient producers around, he explained.
Rice continued that the company deploys a unique approach to its wells including proprietary technology that lets it optimize rates of return such that all Rice wells pay for themselves within the first 12 months.
When asked about the company's leveraged balance sheet, Rice said he doesn't see the need to raise more capital at the moment because the company has high-quality assets, and its long-term investments in land and midstream facilities will be a one-time charge.
Cramer said this newcomer to the shale game is one to watch as natural gas prices finally begin to climb from their record lows.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer gave a tip of the hat to Facebook and Tesla Motors, two companies with young CEOs that see a future that others may not.
Cramer said that when it comes to technology, kids know a lot more than you or I do, which is why the company's acquisition of WhatsApp, with its 453 million users, was actually cheap at $19 billion. Given the market's valuation of Twitter, Cramer said WhatsApp would've been valued north of $30 billion.
Then there's Tesla, where CEO Elon Musk not only knows how to make the best cars, he's also built the best company and the best stock -- one that's building its own batteries and sending its share price to the moon.
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-- Written by Scott Rutt in Washington, D.C.
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