Jim Cramer Gives His Opinion On Energy Transfer Partners, Freeport-McMoRan And Teck Resources

On CNBC's Mad Money, Jim Cramer said he can't recommend a long position in Energy Transfer Partners LP ETP because the CEO takes too much risk.

Cramer thought there was a buying opportunity in Freeport-McMoRan Inc FCX a month ago, but the contract dispute in Indonesia crushed the stock. He still likes copper and the worldwide growth and he would be willing to buy it at $12 for a long term. He doesn't expect a sharp move higher because of the problems in Indonesia.

Teck Resources Ltd (USA) TECK had a great gain and it's time to move on, said Cramer. He thinks the stock is dead.