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Cramer's July Energy Pick



July 18, 2011 – Comments (1) | RELATED TICKERS: CLR

Mad Money’s Jim Cramer recently release his favorite picks for the month of July. Of these pics, an energy company worked its way into the list. The company is Continental Resources. Dr. Osman Gulseven has details as to why CLR made the list.


 "Continental Resources (CLR): CLR is a charming stock for me. $1000 invested in CLR in May, 2007 is approximately $4470 now. As of July 12’s close, the oil company was trading at a forward P/E ratio of 19.44. Earnings increased by 135.51% this year, while analysts expect the company to have a 30.35% EPS growth next year. Continental Resources had an admirable increase between Oct 2010 and July 2011, leapfrogging from $45 to $65.68 The company is trading 10.89% lower than 52-week high. Target price is $74.74, implying an about 15% upside potential. CLR has no dividend policy. Although debts are going berserk, Cramer, like me, says that “If you believe that oil is going to stay permanently elevated, than you want to own American companies with American oil.” "


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1 Comments – Post Your Own

#1) On July 18, 2011 at 3:47 PM, eldemonio (97.82) wrote:

Jim Cramer is a douche.  Adding his name to any of your stock suggestions is like Trojan condoms using endorsements from a serial rapist to help sell product. 

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