Cramer’s Mad Influence On Oil Markets
Is it a bull or a bear market? This is the question Jim Cramer attempts to answer in his in-your-face market evaluation show “Mad Money.” Just a couple weeks ago, Cramer pinpointed Petrohawk as a bull, and since that time, Petrohawk’s stock is up 11%.
Which makes one wonder, how much influence does someone like Cramer have over the markets? And is his advice worth taking? A Harvard grad and former student body President, as well as a former hedge fund manager, he seems fairly reliable.
Regardless, Petrohawk CEO Floyd Wilson mentioned shale and Petrohawk’s successes drilling in the Haynesville, and his stock is now climbing steadily. When production costs are low and rates are high, people want a piece of your shale pie. And it seems, at least for now, that there is plenty of that pie to go around.
For more on Petrohawk’s shale exploration, sign up to watch Floyd Wilson’s presentation at the Energy Capital Investment Symposium here.
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