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 Mike Mears, chairman, president and CEO of Magellan Midstream Partners (MMP) , an Action Alerts PLUS holding that's down 9% from its February highs. Shares of Magellan currently pay a 4.7% dividend.
Mears said that Magellan remains well positioned for growth, especially in the Permian Basin. The have plenty of pipelines in operation and plenty of capacity to grow and add new pipelines. Magellan acts as a toll-road operation, Mears explained, and 85% of their revenues not dependent on oil prices. The 15% of revenues that are commodity related are always a money making proposition, he added, it just varies as to how profitable they are.
Magellan is also not like other master limited partnerships, where up to 50% of the profits flow to a general partner. Mears said that 100% of Magellan's profits flow to their public unit holders.
As for the company's huge backlog of new projects, Mears said that they will provide consistency to Magellan for years to come. America's ability to produce light oil has exceeded our capacity to refine it, he said, and that will mean great things for crude exports.
Cramer said he'll be adding to his Action Alerts PLUS position any time he can.
Meanwhile, over on Real Money, Cramer says that as long as Trump is at odds with Congress, get used to this dynamic in the markets. Get more on his insights with a free trial subscription to Real Money.
Cramer and the AAP team want to use the pullback from Nucor's (NUE) highs as a chance to continue to build their position. Find out what they're telling their investment club members; get a free trial subscription to Action Alerts PLUS.
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
To read a full recap of this episode of "Mad Money," click here.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.