They came out rating PWE a sell. I increased my holding by 66 per cent yesterday.I have zero respect for his opinions. All that whole bunch focuses on is banking and tech stocks.Energy is really the crucial story and issue.
I used to watch Cramer's show but realized that his approach is simply insane. If a stock is oversold and bottoming out and the company has inherent value, he says SELL. If a stock is overbought and topping out, he says BUY. How did this guy EVER get taken seriously, when his general trading rule is "Buy high and sell low?" That's absurd.
Cramer can offer some good advice but at times his analysis is superficial. Wonder if he is aware of the major investments being made to put into place LNG and other infrastructure by such countries as China, Japan, Malaysia. And that PWE sits on nearly 6 million acres of oil and gas properties, the fuel sources from within which trade at 250% of domestic market prices; the rapid decline rates of nat gas output in fracking (not to mention its cost structure) wells; what will happen if/when carcinogens are found in groundwater near fracking wells; the list goes on.