Cramer’s Natural Gas Stock For 2008 Production Increases (UPL, HAL)

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By Douglas A. McIntyre Updated Published
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Tonight on CNBC’s MAD MONEY, Jim Cramer said he’s been expecting natural gas to catch on for years, particularly since natural gas is the same price as two years ago while oil has doubled. 

Ultra Petroleum (NYSE: UPL) is his winner for the sector.  There are energy companies focused on production growth, and they raised quarterly production growth by over 30% for 2007 and by 12.1% for 2008.  The company is awaiting some government decision that may allow an eightfold increase in the number of wells in the area it operates in with year-round drilling.  He thinks this was great before but with the Bureau of Land Management decision coming, it could be much higher.

Last night Jim Cramer said that Halliburton (NYSE:HAL) was still one of his picks in the sector too that he wants to stick with, and that  was one of 2007’s top value stocks he gave.

If you want the full summary of our key Cramer picks from 2007 that still are active or that will be built upon in 2008, you can access "Cramer backward and forward 2007 into 2008" here.

Jon C. Ogg
January 3, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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