Can Linn Energy’s Run Continue?
Regardless of Republicans taking the House, and regardless of any moves the Federal Reserve makes, investors always want at least one high-yielding stock in their portfolio. One of Cramer’s favorites? Linn Energy.
Yielding 7.7 percent, Linn has returned 136 percent for investors who bought the stock when Cramer first recommended it on May 20, 2009, as long as they reinvested those dividends. But even if they didn’t LINE has still soared 105 percent. What Cramer was wondering on Wednesday was whether or not the run could continue.
The “Mad Money” host likes Linn’s gradual transition away from natural gas to oil, which protects it from nat gas’ weaker prices, and the company’s recent dividend boost is a sure sign of confidence in the business. Cramer wanted the latest on Linn and its prospects, so he invited CEO Mark Ellis to the show. Watch the video for the full interview.
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