News hit the wires this morning that Mitsui E&P USA LLC, the US oil and gas arm of Mitsui & Co. , would buy about a third of Anadarko Petroleum’s Marcellus Shale assets. The $1.4 billion deal is further proof, along with Exxon Mobil’s interest in XTO Energy and Total’s in Chesapeake Energy , Cramer said, that natural gas finally seems to be growing in importance.
Especially to countries overseas, with France’s Total and now Japan’s Mitsui jumping into the game. That was one thing that Cramer wanted to discuss with APC CEO James Hackett. Why do the international players get it, but Washington does not? Can’t they recognize the value that nat gas holds, that it’s clean than crude or coal and the US holds vast reserves of the stuff?
But, of course, Cramer wanted the inside scoop on this deal with Matsui, which is the main reason he invited Hackett onto the show. Watch the video for the full interview – and to see what Cramer had to say about Range Resources .
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