Jim Cramer Highlights Baker Hughes’ $13.6 Billion LNG Move

Baker Hughes Company (NASDAQ:BKR) is one of the stocks Jim Cramer recently talked about. Cramer discussed the company’s recent acquisition of Chart Industries, as he commented:

“We might as well have a booming natural gas industry, one that gives our country a lot more geopolitical clout, especially when some of our trading enemies are still heavily into the dirtiest fossil fuel, coal. We’re already seeing the benefits. This morning, Baker Hughes, the oil service company, paid $13.6 billion for Chart Industries, a company with expertise in building out these LNG facilities. It won’t be the only deal there, believe me. So whether you love deregulation or hate it, you should try to take advantage of it for your portfolio. Right now, there’s a lot to take advantage of, including anything LNG.”

Jim Cramer Highlights Baker Hughes' $13.6 Billion LNG Move

A drilling rig on a remote oilfield, its tower silhouetted against a setting sunset.

Baker Hughes (NASDAQ:BKR) delivers technologies and services for oilfield operations, drilling, and subsea systems, including exploration and production support. Moreover, the company provides energy and industrial equipment, monitoring solutions, and carbon-related technologies.

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Disclosure: None. This article is originally published at Insider Monkey.