After this
segment, you can
see Jim's Opening
Segment picks
here...
On Proposed U.S. Offshore Drilling
and the Driller Stocks... JJC: You know, one
of the things that struck me was
that this is a brand new position
for McCain... particularly because
he's been against Anwr (i.e.,
Alaskan drilling), so you really
have to sit up and take notice.
I'm doing some work for my show.
I'm trying to figure out which
one's right. Now, we know that
Nabors (NBR)
and
Halliburton Company (HAL)
are right here to do it... These
are land drillers... We're not
going to get offshore... I just
think that, under McCain, it's
very clear that drilling is... I
think he's more pro-drilling than
Obama... I do also feel like, you
know, he (supports) nukes... He's
pro-nuke...
FMC Technologies, Inc. (FTI)...
the ones that make the Christmas
trees for offshore... they're the
ones that do the offshore work in
Brazil and Africa... Anybody who
wants to learn about this...
Schlumberger (SLB)
has the greatest
glossary on its website... All
the questions are answered about
all the different pieces of
equipment... what goes into a rig.
. . .
. .
See the oilfield
glossary on
Schlumberger's
site,
that Jim mentions
above,
here.
. . .
. .
I'm busy trying to figure out what
are the rig ramifications...
because Virginia might allow it...
See, there are lots of states that
need money so bad... I have liked
Halliburton Company (HAL)
and
Nabors (NBR),
just because they have spare...
You're right, they're land...
they're land... and what I like
about land drilling is that, if
natural gas is at $12 bucks, the
average finding costs just $3
bucks. These guys are just making
a fortune. We've been focused on
Haynesville. We've had a couple of
people talk about it. And
Haynesville is gigantic. Again,
these are places you wouldn't look
when natural gas was at $5.
Fayetteville, Haynesville,
Marcellus, Barnett... Our
technology is the best in the
world, and what happened is we had
this bad pricing system where,
everytime you went... Aubrey
McClennan (CEO of
Chesapeake Energy Corp. (CHK)
is really the best at this...
Yeah, he's just fabulous. Another
52-week high there. He's just one
of the great men... great leaders
in our country for business... and
he has been adamant that, when
natural gas was at $5, there
wasn't anything you could do to
solve our energy crisis. At $12
bucks, it opens up the whole
country...
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Please read his comments to
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We do our best to interpret
Jim's opinion on stocks, as
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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
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