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Monday,
November 17, 2008
(Cont'd from
above)...
Jim:
The collapse of
natural gas prices
brought about the
collapse of APC's
stock. It only has a
1% yield and doesn't
have the dividend,
therefore, to defend
itself. It also
doesn't have the
political support.
On Mad Money, we
think natural gas is
the perfect interim
green fuel... but we
have been so
resoundingly whipped
into submission...
and Barack Obama,
and the democrats,
completely disagree
with our thesis.
Given that the
natural gas
producers have
pretty much been
through the doomsday
scenario, we need to
shed some light on
how things are doing
now fundamentally,
even though
fundamentals haven't
meant a thing. And
that means hearing
from the person that
we admire more than
anyone else in the
industry, Jim
Hackett, the CEO of
Anadarko Petroleum
(APC).
Mr. Hackett, welcome
back to Mad Money...
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● ●
Jim's comments
AFTER the interview:
There's such value
here. I don't know
what to say, Jim,
thank you for being
on the show. Guys,
look... I hesitate
to tell you there's
a lot of value, and
then there'll be a
big sell program
tomorrow, and the
stock will be down
15%, and you'll just
want to kill me...
But, I mean, you
heard what he
said... There's
going to be
tremendous value,
but it's such a hard
market, I'm just
going to tell you
there's a lot of
value there, and
it's just going to
come back, and he's
a great manager.
Maybe that's all I
can do right now,
but maybe that's
enough.
Read Jim's next Segment
here
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