Energy
Cramer's Oil & Gas Wildcatting Week (HK, REXX, BZP, RRC, RAME)
Published:
This week on CNBC’s "MAD MONEY," Jim Cramer had another one of those "one pick per night" features. This week’s special feature wasn’t just oil, it was wildcatting. Yep, drill a hole in the ground and see what happens. In his version of the wildcatting climate, it is now highly profitable because oil prices are incredibly high and the costs are easy to recoup. Here are his picks in the sector chronologically, and the "gain" posted here is on the "day after move" rather than for the week:
- Monday… Petrohawk Energy Corp. (NYSE: HK) -4.1%
- Tuesday… Rex Energy Corp. (NASDAQ: REXX) +6.2%
- Wednesday… BPZ Resources, Inc. (NYSE: BZP) +7.4%
- Thursday… Range Resources Corp. (NYSE: RRC) -1.1%
- Friday… RAM Energy Resources, Inc. (NASDAQ: RAME) +10% (in after-hours trading on Friday after he touted it)
Enjoy your weekend, and if there used to be an oil well that was drilled dry or if there have been any oil discoveries within about 20 or 30 miles of your property it might be worth calling one of these companies……
Jon C. Ogg
June 13, 2008
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
