Jim Cramer explains why more mergers in the energy and oil space could be in the works.
CNBC's Jim Cramer on Wednesday said investors could expect to see more mergers and acquisitions in the energy and oil space in 2019.
"Three weeks ago, I did make a called shot. I came out here and explained that this market was in dire need of mergers and acquisitions," he said."We've simply got too many publicly traded companies, something that's only going to get worse as more and more privately held unicorns, like Pinterest tonight, keep coming public."
The debt-laden balance sheet is the only problem with the company, Cramer said. Still, he thinks it could worth a lot to Exxon than it is as a standalone company. Parsley Energy has a $6.6 billion market cap with holdings in two of the best sub-areas of the Permian Basin, the host said. The independent exploration and production company could be ready to reap the benefits of its investments, he said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bank stocks could rally on the 'slightest' good news in earnings reports, Jim Cramer saysJim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday.
Baca lebih lajut »
Disney's stock flies as it unveils its new streaming service —Jim Cramer and other experts reactDisney's streaming service, Disney+, will launch in November at $6.99 a month, and experts are split on what the entertainment giant's newest venture might bring.
Baca lebih lajut »
Cramer's Game Plan: Remember this market 'has no memory' this earnings seasonJim Cramer takes a look at the week ahead as earnings season heats up.
Baca lebih lajut »
Cramer's lightning round: I like PayPal more, but this fintech stock is O.K.Jim Cramer takes calls and gives answers to stock picks in rapid speed.
Baca lebih lajut »
Cramer Remix: Pinterest is interesting, but I'm hesitant to buy itJim Cramer explains why he's using caution ahead of Pinterest's IPO.
Baca lebih lajut »
Cramer Remix: Bed Bath & Beyond is not a lost causeJim Cramer explains why the troubled retailer can be saved if it makes major management changes.
Baca lebih lajut »
Cramer's lightning round: This one's always a bridesmaid, never a brideJim Cramer takes calls and opines on callers' stock picks of the day in rapid speed.
Baca lebih lajut »
Cramer Remix: Memo to President Trump - the Fed's on your sideJim Cramer's sending a signal to Trump as his central bank criticism continues.
Baca lebih lajut »
Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock marketJim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall.
Baca lebih lajut »
Cramer: Charts show there's more upside in Alphabet, Alibaba and Snap'As much as we hate to chase on 'Mad Money,' the charts, as interpreted by Bob Lang, suggest that all three of these internet stocks have more room to run,' the 'Mad Money' host said.
Baca lebih lajut »