Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.







Text Size
Nov.17
8:23 PM ET
Monday, 17 Nov 2008
Cramer Interviews Jim Hackett, CEO of Anadarko Petroleum

Anadarko Petroleum [APC  Loading...      ()   ] was always one of our favorite green stocks, and not just because we loved the irony of an oil company being green.  Anadarko is one of the best natural gas producers out there, with the best manager in the industry, Jim Hackett.  Neither of those things have mattered, as the stock’s fallen from $56.42 the last time Hackett was on the show, to $37 & change, a 33.2 percent decline (better than some).  The collapse of natural gas prices brought about the collapse of Anadarko’s stock, and with its 1 percent yield, it doesn’t have the dividend to defend itself.  It also doesn’t have the political support.  On "Mad Money," we think natural gas is the perfect interim green fuel, but Barack Obama and the democrats seem to disagree.

Given that the natural gas producers have pretty much been through the doomsday scenario, we need to shed some light on how things are doing now, and that means hearing from the person we admire more than anyone else in the industry, Jim Hackett, the CEO of Anadarko Petroleum. 

What happened? Why has natural gas declined so precipitously?
The combination of the demand side weakening with the economic malaise we've been going through, along with increased drilling, drove it down, but it's not as bad as it might have been. Depending on the winter, the prices will come back up and the Democrats should support natural gas as a bridge to alternative fuels.



Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters