With Chevronbuying Atlas Energy for $4.3 billion, investors may wonder who’s the next takeover target in this space. While Cramer didn’t say that National Fuel Gas is the one, he does at least think the stock can go higher.
Chesapeake Energy may sell some assets, Cramer said during Tuesday’s “Stop Trading,” but National Fuel Gas has hired an investment bank to find ways to unlock value in the company, possibly through a sale. That’s why he remains bullish on the stock.
NFG does offer a protection of sorts for those who wish to trade a potential takeover: its utility business.
“So you’re not going to get really stung if it doesn’t work out,” Cramer said.
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