Jim Cramer Highlights Coterra Energy’s Value for Energy Hungry Hyperscalers

Coterra Energy Inc. (NYSE:CTRA) was among Jim Cramer’s recent stock calls on Mad Money. A caller asked why the merger is a good deal for the company, and Cramer replied:

Okay, it’s a good deal… because we want nat-gas. We don’t want oil. Oil is very international, and price is set overseas. But why we want natural gas is, I think, one day one of these hyperscalers is going to go in, and they’re going to buy a company and just say, listen, we’re going to pump natural gas from our own company. And the one I think they’re going to buy is the one that you own, which is the one that is Devon-Coterra. That’s why I’d like you to own it.

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. During the March 20 episode, a caller asked whether they should ring the register or wait for the company’s merger, and Cramer responded:

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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