Thursday, August 27, 2009

Mad Money love of natural gas continues

Devon, politics and a mission

As predicted, Mad Money's Jim Cramer was back on the natural gas bandwagon again today. Except Jim isn't just on the bandwagon, he's taking turns driving the wagon.

According to Cramer, "I'm on a mission" to promote natural gas because of "energy independence, clean energy and jobs".

Anyway, Jim brought on Devon's CEO today to discuss the potential of natural gas, particularly the politics of natural gas. The video should be available on MadMoney.com soon.

Nonetheless, Devon is only a winner if gas prices go higher according to Cramer.

I know this is a green energy trade, but it sure feels odd calling a company that has 30 percent of its company invested in petroleum a green company. Is the fact that 70 percent of their business is in natural gas enough to make Devon a green investment?

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