Jim Cramer Gives His Opinion On Chesapeake Energy, Range Resources And Vale

On CNBC's "Mad Money", Jim Cramer said that Chesapeake Energy Corporation CHK needs a much warmer weather to trade higher. He added that the stock is a barometer for the weather, more than it is for its fabulous drilling techniques or its places where it has its supply.

Range Resources Corp. RRC doesn't have enough pipeline to take natural gas to the market, said Cramer. There is an oversupply of natural gas at the moment because of cool weather. Cramer thinks Range Resources is a great long-term stock, but it won't trade higher in the short term.

Cramer isn't a buyer of the iron ore stocks at the moment, because of declining prices and too much uncertainty in the world. He can't recommend Vale SA (ADR) VALE as a buy.