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DC to Dis Nat Gas?

Washington won’t endorse natural gas as an important bridge fuel to other sources of renewable energy, Cramer said during Thursday’s Stop Trading!. At one point he’d thought the commodity would get much-needed political support, but now he’s “not confident anymore.”

With President Obama focusing on oil and coal and Congress all but silent, Cramer said, natural gas “is not part of the lexicon.” So companies have been drilling and building reserves – and the US is sitting on a ton of nat gas – but now “there’s no place to put it.” As a result, these stocks “have been hammered.”

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That’s why, as the prices of crude and natural gas diverge, Cramer likes Anadarko Petroleum , which has refocused more of its business on oil. He credited the company’s CEO, James Hackett, for seeing Washington’s reluctance coming and preparing for it.

EOG Resources made a similar move, repositioning itself as more an oil company than one that deals in nat gas. Since announcing its strategy to analysts this week EOG is up 10 straight points. Both EOG and APC have been “dramatically increasing their oil reserves,” Cramer said, and that allows them to take advantage of spot rates in the futures.

One company that still is all-in on natural gas, though, is ConocoPhillips . Cramer said the company may have too much exposure to refining and nat gas for him to recommend right now, but he does think COP is well run and offers a nice 4.1% dividend yield.

“It’s been a very pro-shareholder company,” Cramer said, “with big dividend boosts.”

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