Cramer Bullish On Linn Energy

Recently, a viewer stumped Cramer with a stock question on Linn Energy (LINE). At the time, Cramer knew little about the company and he told the viewer he would do some homework on the name and see what he found. Cramer did the homework and said the stock is a great buy with a great dividend. He mentioned he did even more homework on the stock over the weekend and found out the company is a great turnaround story as well. He explained that the company has been selling non-core assets and focusing on a business plan more designed to take advantage of rising oil prices. Cramer highlighted on asset Linn kept, which was the land it acquired from Dominion Resources (D). That land is estimated to have 1.3 cubic feet of proven reserves. He told investors that Wall Street isn’t on to Linn’s story and now is a great time to buy the stock before they catch on.
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1 Responses »

  1. has jim commented lately on ameriwest energy (awec) or cubic energy out of Dallas/Plano ,Texas

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