Is Jim Cramer right about oil stocks?
Cramer turned against investing in oil stocks in early 2020, believing that it was becoming increasingly difficult to make money. However, Cramer said Thursday a “new dynamic” is hitting the energy sector, with companies being less willing to add drilling capacity as oil prices rise.
Is Devon Energy one of Jim Cramer's favorite oil stocks?
The “Mad Money” host said investors should be willing to own some of the “newly disciplined oil producers,” such as Devon Energy. CNBC’s Jim Cramer on Thursday laid out his favorite oil stocks, suggesting a more disciplined approach to capital spending has hit the industry and makes it possible for shares to keep rallying.
What are Jim Cramer’s favorite stocks to buy as inflation rises?
Some of the stocks that Cramer has been monitoring as inflation rises include Apple Inc. (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX), and AT&T Inc. (NYSE:T). During his show in mid-June, Cramer noted that there were some high-quality names that investors could justify owning if they were feeling “sanguine about the economy”.
How many stocks does Jim Cramer recommend for recession?
If you want to read about some more stocks that Jim Cramer recommends for recession, go directly to Jim Cramer Recommends These 5 Stocks for Recession.
What is the best energy stock to invest in?
Best Value Energy StocksPrice ($)Market Capitalization (Market Cap) ($B)Marathon Petroleum Corp. (MPC)96.5652.2APA Corp. (APA)41.6614.1Diamondback Energy Inc. (FANG)130.2823.1
How much is Jim Cramer worth?
around $100 millionIs Jim Cramer Wealthy? Jim Cramer has a net worth around $100 million.
What is Kramer's annual salary?
For his various jobs at CNBC, Jim Cramer earns an annual salary of $5 million. He also earns a significant income from book royalties and advances. Cramer ran the hedge fund Cramer Berkowitz from 1987 to 2001. At its peak the fund had $450 million in assets under management.
Is Mad Money Cancelled?
On July 31, 2017, Early Today began to first record at 3:00 a.m. ET, and without any room on the schedule, the NBC version of Mad Money was discontinued on this date.
Devon Energy
Cramer said he likes Devon Energy ’s variable dividend, which allows investors to receive a slice of the company’s profits instead of just a set payment amount. “Rather than borrowing money to drill like crazy when business is booming, [CEO Rick Muncrief] wants to reward shareholders,” Cramer said.
Pioneer Natural Resources
Not long after Devon unveiled its variable dividend, Pioneer Natural Resources did the same, Cramer said. It wasn’t supposed to start until next year, but in August the company moved the timetable up to begin making payouts almost immediately, he said.
Diamondback Energy
Previously “one of the most aggressive drillers out there,” Cramer said Diamondback Energy is now placing a bigger emphasis on returning capital to shareholders. For now, it’s doing so through a $2 billion buyback initiative due to where the stock is trading, Cramer said.
Chevron
For investors who think the aforementioned exploration and production firms are “too risky,” Cramer said Chevron is his favorite of the integrated oil companies.
Other names
Cramer said these “smaller, special situations” may be worth considering for certain investors:
