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Jim Cramer on Coterra: “It’s Been a Little Frustrating to Own”

Coterra Energy Inc. (NYSE:CTRA) is one of the stocks Jim Cramer put under the spotlight. During the episode, Cramer noted that it is the “only energy holding” in his Charitable Trust and remarked:

“Last night, we got results from the only energy holding in my Charitable Trust, which is called Coterra Energy. It’s an oil and gas exploration and production company. Frankly, it’s been a little frustrating to own, I mean, even though management executes well, the stock sports a 3.6% yield, it has a hard time getting traction, as do many of the oil and gas stocks. In the last 24 hours, the company reported a really fine set of numbers, 3-cent earnings, better than expected cash flow, really terrific cash flow, thanks primarily to strong production. Management also gave good production guidance for the current quarter, raised its full-year forecast. They also raised their capital expenditure forecast. Basically, they’re producing more oil, but they have to spend a little more on gas too. But after initially trading higher, then it turned down, and then it opened, then it went back up. But frankly, in the end, it’s an energy company, and right now, energy companies, they’re very tough to own.”

A technical stock market chart. Photo by Energepic from Pexels

Coterra (NYSE:CTRA) explores, develops, and produces oil, natural gas, and natural gas liquids, with major assets across key U.S. basins.

While we acknowledge the risk and potential of CTRA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CTRA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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