Jim Cramer Advises Viewers On Energy Transfer Equity And Chesapeake

Jim Cramer said on CNBC's Mad Money that he would hold a long position in Energy Transfer Equity LP ETE, but he wouldn't put more money in it. He would rather buy Magellan Midstream Partners, L.P. MMP. Energy Transfer Equity LP spiked 2.09 percent on Wednesday.

Cramer likes Chesapeake Energy Corporation CHK. He is a believer in natural gas and he thinks that the company is going to survive. Chesapeake Energy gained 1.16 percent on Wednesday.