Connect with us

Hi, what are you looking for?

Jewish Business News

Money

Jim Cramer: The U.S. Will Be the Cheapest Producer of Natural Gas in the World

jim cramer

Even though Home Depot at $97 is “really expensive, ” said CNBC’s Jim Cramer, it is worth paying attention to in order to get a read on other retailers. Raymond James downgraded Home Depot from a buy to a hold, even though the retailer has performed very well, in spite of the slow housing sector. Cramer thinks the way Home Depot dealt with its security breach and the hackers was far superior to the way Target handled a similar crisis. Target, with a new CEO is in wait and see mode.

National Oilwell Varco was downgraded from a buy to a hold by Credit Suisse, and for good reason. Even though Cramer thinks it is an outstanding company, it doesn’t matter how good NOV is with Chevron and Exxon cutting back on drilling. NOV, which supplies rigs, is going to be hit very hard with the slowing of oil production, which is happening because of the low price of oil. Natural gas drilling will be reduced too, because the commodity is so cheap in the U.S, it isn’t worth it for companies to drill. “We are going to be the cheapest producer of natural gas in the world, ” said Cramer, “including the Middle East.”

 

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement