Cramer: Acquisition Shows Energy Companies Know Where Values Are

The hatred for oil and gas stocks may be at a multiyear high, rivaling the hideous days back in 2016 when oil collapsed to the mid-$20s. I find that so odd given that oil seems to have found its footing in the $40s and many of our companies are profitable at these levels.

Wall Street may be blind to the profitability levels and the values that are being created by the downturn, but the companies themselves aren't. That's why we should sit up and take notice of the big deal announced this morning, EQT (EQT) buying Rice Energy (RICE) for $6.7 billion, giving Rice shareholders a 25% gain in today's trading....415 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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