Mad Money with Jim Cramer - MAD CAP RECAP - The Official Mad Money Blog
RSS FEED
RECENT POSTS
- Why Cramer Likes Select Comfort Over Tempur-pedic Stock
- Lightning Round: Trina Solar, Zoltek, Affymax and More
- To Play Senate Cybersecurity Bill, Cramer Likes Fortinet Stock
- Cramer: 10 Earnings to Watch Next Week
- 2012: The Year of the Stock Picker
- Lightning Round: Yahoo!, CEC Entertainment, Standard Pacific and More
- Cramer: Berkshire Hathaway Is a 'Screaming Buy'
- Kimco Realty CEO on Solid Earnings
- Cramer: Analysts Today Are So Negative
- Perrigo CEO on Earnings Beat
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.
Cramer Calls Anadarko Up to Majors
Text Size 
Web Producer, Mad Money
On Tuesday, Cramer reiterated his buy call on Anadarko Petroleum [APC
Loading...
()
]after its hard-hitting investor conference call today. The Mad Money host thinks APC doesn’t get enough credit from Wall Street and is widely viewed as a relatively small independent oil and gas producer.
But the company “belongs with the likes of Chevron [CVX
Loading...
()
] and Occidental Petroleum [OXY
Loading...
()
],” he said, “and should be called a major.”
According to the call Anadarko expects to achieve compound annual production growth of 7 percent to 9 percent over the next five years, which he thinks will be better than what Conoco, Chevron, Marathon Oil [M
Loading...
()
] or Occidental. And if APC’s reserves reach 3 billion barrels of oil equivalent by the end of 2014, then that would put the company in the same league as Occidental.
The company now produces more oil than natural gas, and it’s added three mega projects to the mix. Plus, the company has a huge join venture with Mitsui [MITSY
Loading...
()
] for 32.5 percent of Anadarko’s acreage in the Marcellus Shale. This is at a price, Cramer said, that's about double what we've seen in other recent transactions.
For this reason, Cramer thinks APC could be traded more like OXY, which would put the company at $117 a share, or 65 percent higher than where it is right now.
So how will all of these new developments affect Anadarko’s future? To answer that question and more, the Mad Money host talked with CEO Jim Hackett. Watch the video for the full interview.
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
