Wildcat Driller Stock Play – RAM Energy
Cramer highlighted RAM Energy (RAME) for his last pick for Wildcatter Week. RAM is a small-cap driller that operates in Texas, Louisiana, Oklahoma and West Virgina. He explained that RAM is upping its production in two different shales, and Cramer thinks the company will boost production guidance in the month. Cramer explained that the company has expired 18.8 million warrants at $5, and with that out of the way the stock can now trade higher. He predicted the stock could traded up $8, but he cautioned investors to be careful cause the stock is very speculative. “It’s a small-cap pick that should only be bought in increments and only when there’s a good entry point,” he said.
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