Coterra Energy Inc. (NYSE:CTRA) is one of the stocks highlighted in Jim Cramer’s latest Mad Money recap as he provided top stock insights. A caller asked if they should ring the register now or wait for the company’s merger with Devon Energy. Cramer replied:
I would sell half, because you’ve had just a monster move, and let the rest run. I would feel good if you did that because you know, I owned it. We ended up not doing anything with it. You caught it for the big one, but take half off because if we do get any sort of change, well, if anything goes well over there, that stock’s going to be right back under 30. And I don’t want you to turn a gain into a much smaller…
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Coterra Energy Inc. (NYSE:CTRA) explores, develops, and produces oil, natural gas, and natural gas liquids. Moreover, the company operates gathering and disposal systems and sells its energy products to industrial, utility, and pipeline customers. Cramer discussed the stock during the November 13 episode. He stated:
After a brutal day for the market, I gotta talk about something that’s actually been working really well lately, Coterra Energy, the oil and gas producer with a major presence in both the Permian Basin down in Texas and the Marcellus Shale in Pennsylvania. A week and a half ago, Coterra reported what looked like a mixed quarter, modest revenue beat, paired with a small earnings miss. But management’s production forecast, which is what really matters… was more encouraging, especially now that the demand for natural gas is surging.
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