Jim Cramer spoke on
CNBC's Mad Money about the energy space and said that he would be a buyer of
Kinder Morgan IncKMI. He explained that the stock is trading a point from its 52-week high and it is poised to move higher despite low crude oil prices.
Cramer thinks that the company is in a good position to grow after
its latest acquisitions and he likes its plan to return capital to shareholders. He added that the company is immune to the decline in crude oil because its cash flows depend on the volume of crude oil that goes through its pipelines.
Cramer thinks that
Royal Dutch Shell plc (ADR) (NYSE:
RDS-A) is cheap and he likes the stock, but he would buy it at $64 or approximately 5 percent lower from its current price.
ConocoPhillipsCOP has an attractive dividend, said Cramer, but he would wait for the stock to drop to $59 from its current price of $69, before he buys it. He thinks that such a decline is possible because the last time that crude oil traded at its current price level
ConocoPhillips traded below $60.
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COPConocoPhillips
$91.410.84%
Edge Rankings
Momentum
23.52
Growth
34.84
Quality
-
Value
78.76
Price Trend
Short
Medium
Long
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