Against all odds, natural gas producer Range Resources is within striking distance of its 52-week high.
That's surprising, Cramer said Tuesday, because the U.S. government hasn't embraced natural gas as the energy of the future. While America doesn't seem to appreciate its abundance of natural gas, Cramer said foreign countries do, especially in the wake of Japan's nuclear crisis.
Range Resources likes to call itself "the inventor of the Marcellus shale," which is a massive nat gas deposit in the Appalachia Mountains. Aware of this nat gas-rich area, foreign companies are quickly buying acreage in the Marcellus shale. Range Resources is putting a lot of focus into the Marcellus shale, especially its acreage in southwest Pennsylvania. It also has exposure to the Upper Devonian and Utica shale plays, which are also located in Pennsylvania. The company expects to grow production by 25 percent this year and by up to 30 percent in 2012.
Range Resources shares are up by 31 percent since Cramer last spoke with CEO John Pinkerton on November 18, 2010 when the stock was trading at $41.94. The S&P 500, however, is up only 9 percent during that same time period. Cramer was curious if natural gas stocks can keep up this move, so he invited Pinkerton back on "Mad Money." Watch the video to see the full conversation.
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