FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- 4 Enemies of Bull Markets
- Experiencing Technical Difficulty?
- The Importance of Good Breadth
- How Big Money Rules the Markets
- Follow the Leader
- Mad Mail: Chesapeake Energy Is Hiring?
- Lightning Round: Royal Dutch Shell, Bank of America, RF Micro Devices and More
- Lightning Round OT: Harley-Davidson, Heartland Payment and More
- Cramer’s Christmas List
- Cramer: This Stock Offers ‘Plenty of Upside’
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
Ultra Petroleum [UPL
Loading...
()
] CEO Michael Watford told Mad Money that he expects natural gas’ price to reach $6, which is twice the commodity’s present price. If that’s the case, then investors want to buy a company with the best chance to take advantage of that increase.
Enter Devon Energy [DVN
Loading...
()
]. Sixty-six percent of this oil-and-gas driller’s properties are natural gas, and most of it is unhedged. While that’s a negative with nat gas fetching only about $3 per thousand cubic feet, it’ll be a big plus once prices move higher.
Devon has hedged just 16% of its natural-gas production for the third quarter and 35% for Q4. For 2010, the company has no hedges at all.
“If natural gas is really headed to $6,” Cramer said, “Devon’s the way to play it.”
The Mad Money host did have some concerns, though. Devon’s average finding costs worldwide over the past three years for natural gas have been $3.60 per thousand cubic feet and $2.68 here in the US. So the company needs higher prices if its unhedged production is going to be profitable.
Also, DVN has lagged its peers. While Apache [APA
Loading...
()
] is up 16% this year, Anadarko [APC
Loading...
()
] up 41% and Chesapeake Energy [CHK
Loading...
()
] up 43%, Devon is down 5%. There’s money to be made, though, if DVN can catch up.
Cramer invited Devon CEO Lawrence Nichols onto Mad Money to gauge the company’s chances of doing just that. What’s the next big catalyst? Will Nichols be able to maintain his track record of solid execution? Watch the interview to find out.
Cramer’s charitable trust owns Devon Energy.
Call Cramer: 1-800-743-CNBC
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes