After this segment, you
can see Jim's
Sudden:Death picks
here...
Jim's comments BEFORE
the interview:
As part of "Wildcat Week"
on Mad Money... on
Tuesday, I recommended
Rex Energy Corp. (REXX),
at $27.05. It's been two
trading days, and REXX is
at $28.75, up 6.2%. I
regard that as pretty much
of a rounding error, in a
group that trades this
erratically... but it is
why we love the
wildcatters... the
companies that search for
new oil and natural gas...
and that we think will be
volatile, spiking and
sinking...
But my advice to you, is
that we buy the
weakness... but do not pay
up above where we
recommend these stocks...
REXX included.
Now, if you committed the
unforgivable... the
unpardonable insult... of
not watching on Tuesday
night, when we had our
live audience, REXX is the
two-headed play on the
Illinois Basin, and
Cramer-fave, Marcellus
Shale.
In the Illinois Basin,
they're using an
unconventional process at
REXX... it's called ASP
flooding. It's designed,
basically, to mop up the
harder-to-reach oil that's
located there... maybe as
many as 84 million
barrels... something
that's worth $40 to the
stock, if it pans out.
REXX is also growing its
presence in the Marcellus
Shale. They did a
secondary - they issued
more stock - to fund more
land acquisitions. And, on
their current acreage,
they have roughly 72
million barrels of oil
equivalence in reserves...
all of it to be in natural
gas.
The company is trying to
increase their net acreage
in Marcellus from around
48,000 acres, to somewhere
between 60,000 and 80,000.
I've got some concerns...
I've got some concerns
with all the wildcatters,
because they're up from
nothing, and have just
moved up so much...
I always have to check my
enthusiasm. I want to know
if I'm too bullish. I want
to know if this ASP
technology really works.
Is there really so much
gas in the Marcellus
Shale? Are we
over-excited?...
Now, I like REXX's
potential as a
wildcatter... but, with
the stock up so much, so
fast, I've got to know
more... You need to know
more... We need to do more
homework, besides just
reading the documents, the
news articles...
That's why we're bringing
on REXX's president and
CEO, Ben Hulbert... who I
just have to say, Ben
Hulbert was formerly a
captain in the U.S. Army
for four years, right
before this gig... So, to
fill us in about his
company, and to put to
rest for some of the
naysayers, Mr. Hulbert,
welcome to Mad Money...
. . . .
.
Jim's comments AFTER
the interview:
You're terrific to come in
on the show. I want to
thank Ben Hulbert,
president and CEO of
Rex Energy Corp. (REXX)...
and I think a total stand
up guy...
. . . .
.
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After this segment, you
can see Jim's Lightning
Round picks
here...
Jim's comments BEFORE
the interview:
We've been doing a lot of
work on the railroad...
and the railroad is CSX...
where we are appalled
where a company that is
the best-performing stock
in the group... a company
that is so well-run... a
company that has made
Cramericans fortunes since
we started... a company
that we recommended right
out of the chute for Mad
Money, and reiterated
maybe a dozen times...
We are appalled that there
are a group of hedge funds
that have gotten together
in the proverbial
smoke-filled room to try
to depose the man who is
responsible for that
performance.
These are people who
thought they could get an
LBO (i.e., leveraged
buyout) going. Obviously,
there's no money for that
anymore, but they are
agitating, and they want
to win a proxy, where the
first thing they will do
is give the boot to the
man who is on the line
right now, Michael Ward,
CSX president, chairman
and CEO.
Now, Mr. Ward is fighting
back, and he's got a
lawsuit. Now, this
morning, Judge Kaplan,
who's a very distinguished
jurist in the southern
district of New York, a
man whom I have respected
for many, many years...
and he used to work in the
law firm that I used for
my personal business and,
unfortunately, I have too
much business...
What Judge Kaplan
basically said was that
these guys who are trying
to get rid of Ward, they
didn't play by the
rules... they did a lot of
bad stuff... But,
unfortunately, it looks
like, unless a higher
court overturns a previous
view of that court, he
can't throw out the votes
that they may have
bought... the stock that
they may have bought...
and then he can't
necessarily stop them from
voting that stock to get
Michael Ward out...
So, right now it stands...
the Southern District has
said, listen, these guys
were bad actors, but we
can't stop them.
Is that the end?...
Why don't we ask Michael
Ward, CSX president and
chairman and CEO, whether
he's done fighting the
fight against these people
who don't know jack about
railroads... don't realize
that there are so many
lousy CEOs out there they
should be going over...
and have settled on this
man who's given us the
best performance of almost
any stock we've had.
Michael Ward, are you done
fighting the fight? Are
you going to roll over for
these out-of-town hedge
funds?...
. . . .
.
Jim's comments AFTER
the interview:
Look... I play with an
open hand. You know where
I come out on this. I've
got so many CEOs that I'm
trying to get fired right
now... the
Killingers,
the
Sullivans...
Look at that person that
just got the boot over at
Lehman Brothers
(LEH)...
Cowan... There are so many
people that are not doing
their job. I don't mind
firing people who are
doing a bad job... How
about keeping the people
who are good? And not
using dirty tricks to try
to stop them, which is
what these guys did. Read
that Kaplan opinion. It's
incredible what these guys
were trying to do behind
the scenes. I say I agree
with Michael Ward. I'm
going with the white card,
if I own CSX. And I'm
voting with
CSX Corp. (CSX).
. . . .
.
■
Stock Snapshots - Includes
all stocks mentioned above
■
Jim
Cramer's
rating on
this stock
STOCK
SYMBOL
Closing
price
that
day
Opening
price
next
day
Full Company
Name/Comments
(see comments above for
each)
Go to the SUDDEN:DEATH
SEGMENT from
tonight's showhere >>
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Finance from
tonight's show stocks
here >>
Symbol keys:
A Charitable Trust stock.
- An asterisk next to a
stock symbol indicates that
Jim mentioned it is a stock
that he manages within
his
charitable trust portfolio.
You can see the complete
portfolio
of stocks
here >>
Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
the stock. We do our
best to interpret Jim's
opinion on stocks, as we
think it is indicated by his
comments during the show.
Please read his comments to
decide for yourself.
Thumbs down -
indicates he has said not to
buy or to sell the stock,
based on his comments
We do our best to interpret
Jim's opinion on stocks, as
we think it is indicated by
his comments during the
show. Please read his
comments to decide for
yourself.
Back up the truck -
indicated by Jim, when he
says the stock is so good,
that he would do a
'mon-back' on the stock...
In other words, this is the
sound someone would say to a
truck driver, "Come on
back... " as he is "backing
up the truck" to load up on
his cargo. Translation
for buying stocks:
This recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
Stumped. - Of the
2,000+ stocks that Jim
Cramer has in his head, for
which he has an informed
opinion, he sometimes comes
across a caller with a stock
he does not know well enough
to opine on... He then
indicates he is stumped and
will have to come back to
it, after he does some
homework of his own on
the stock. This
usually occurs during the
Lightning Round, when Jim
does not know in advance who
is calling, or what their
stock question is about.
Definitions of key phrases
used by Jim, known as
"Cramerisms":
Definition: 'Pull the
trigger' is Jim's phrase for making
the decision at that point to trade -
either to 'buy' or
to 'sell' (although he
usually uses the phrase for
buying), as if to say you
should feel comfortable
enough to make the final
decision without looking
back...
Definition: 'Ring
the Register' is Jim's phrase for
selling a stock, and making
it a final sale, that you
should not look back on.
Put it behind you.
Definition:'Let It Come In' indicates how you
may wait for it to pull back, or have the
stock price come down briefly, as your
chance (after letting it come in) to buy
the rest of your position (i.e., total
number of shares you own in that stock).
Definition:'backing it up'
or 'doing a 'mon-back' is Jim's
phrase for the metaphor of backing up a
truck to load up on a stock by buying
it. 'Mon-back is short for the
imaginary worker saying, 'Come on
back...' as the truck is backing up to
receive its load... Notice that we use
the little truck icon to indicate where
Jim has mentioned this.
Translation for buying
stocks: This
recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point.
See more
"Cramerisms" & other
financial phrases
here >>
Helpful Websites:
See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
Stock Homework 101:
This is an excellent
upcoming site that provides
resources and links to help
you do that homework that
Jim Cramer recommends after
hearing his suggestions...
FastMoneyRecap:
This site will be a quick
summary of recommendations
made by the great Fast Money
TV show crew, that will
offer you a unique service,
to compare their picks to
Jim Cramer's past comments
about those stocks.
