Chesapeake's stock price has fallen with the price of natural gas, but Cramer doesn't think that either will be down for a long time. Cramer believes the world will use more, not less, natural gas, as efforts to find alternatives to petroleum increase. Besides, natural gas is cleaner and greener than oil-based fuels.
Friday, July 25, 2008
Investing in natural gas and the Haynesville Shale
Jim Cramer, former hedge fund guru, of CNBC's Mad Money says the price of natural gas stocks are ridiculously low. Cramer says one of the best long-term investments in natural gas is Chesapeake Energy (CHK).
Chesapeake's stock price has fallen with the price of natural gas, but Cramer doesn't think that either will be down for a long time. Cramer believes the world will use more, not less, natural gas, as efforts to find alternatives to petroleum increase. Besides, natural gas is cleaner and greener than oil-based fuels.
Chesapeake's stock price has fallen with the price of natural gas, but Cramer doesn't think that either will be down for a long time. Cramer believes the world will use more, not less, natural gas, as efforts to find alternatives to petroleum increase. Besides, natural gas is cleaner and greener than oil-based fuels.
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