Buy, Sell, or Hold? Jim Cramer’s Take on 18 Callers’ Stocks as Crude Oil Prices Climb

16. Venture Global, Inc. (NYSE:VG)

Jim Cramer gave top insight on Venture Global, Inc. (NYSE:VG), sharing a game plan of what to buy, sell, and hold right now. Asking about the stock during the lightning round, a caller inquired if there is longevity, and Cramer stated:

Yeah, it’s breaking out. I think it can go much higher, probably goes to $25. This is precisely the kind of stock that you need in this environment. It’s tough to bite the bullet and say to buy it after the stock has been all the way down to 5, 6. But you know, we don’t care where it’s coming from. We care where it’s going to. And the answer is that stock is going higher.

Venture Global, Inc. (NYSE:VG) develops and operates LNG facilities and handles natural gas liquefaction, transport, shipping, regasification, and sales. Cramer was bearish on the stock when a caller asked about it during the January 22 episode. The Mad Money host said:

Venture Global, no. Venture Global, we do not like. We did a really good piece about it the other day. We just think that they just didn’t deliver, and we don’t think they’re going to deliver at all.

We recently covered the stock as part of our list of stocks gaining momentum fast. You can read about it here.