Cramer Speaks on CHK, XTO, APC, DVN
November 11, 2009 9:26 AM
CNBC’s Mad Money Jim Cramer likes Chesapeake Energy Corporation (NYSE: CHK) as he feels that Chesapeake Energy can meet most of the US energy needs for the next 20 years. Yesterday CHK closed at $25.34.
Cramer also likes XTO Energy Inc. (NYSE: XTO) because he expects natural gas could double in the coming year which will benefit XTO. XTO is up 0.31% in the pre-market.
Anadarko Petroleum Corporation (NYSE: APC) is also liked by Cramer because he feels that APC will rally as soon as natural gas prices reaches Cramer’s price target of $6-$7. APC surged 0.58% in the pre-market trading at $65.82.
Devon Energy Corporation (NYSE: DVN) has hedged 35% of its natural gas production for fourth quarter and if natural gas reaches $6 then DVN will benefit largely. DVN is trading at $70, up 0.32% in the pre-market session.
