enter chenier. they are going to create the first export terminal.ast night, the federal energy regulatory commission approved cheniere, you know i've been a backer of the stock a long time. this is not just politics. it's giving a fabulous 115% gain. i'm thrilled to have charif souki here with us. an historic day for this company to talk about the latest development and what it means for his company as well as the future of natural gas here in america. mr. souki, welcome back to "mad money". >> good to see you again. thank you. >> congratulations first of all. >> thank you very much. >> today is the day are you able to get started. a gigantic project, one of the large nest the country. what are your next steps? >> we are working on finalizing financing. we announced a few weeks ago that we had an agreement in principal, with black stone, so we are planning on finalizing the details for black stone, will contribute $2 billion in equity if everything goes right. we have to arrange an additional $4 billion of debt to start the first phase of the projec

cheniere energy is going to send our natural gas overseas too, isn't it? >> well, there's certainly some movement. as you know, to build lng terminals to export natural gas, we're seeing that in the gulf coast area and we're seeing in the west coast of canada. >> so the world's pretty up -- the united states is upside down when it comes to nonenergy policy. >> we have a terrific opportunity to not only take advantage of a huge natural gas resource, but what is also becoming evident as a huge oil resource, we need to get after it. >> it's so -- i've gotten very cynical about it, john. i'm not even skeptical. i'm downright cynical. john richels, great analyst meeting, fantastic job. great to see you, sir. >> great to see you too, jim. thanks for having me on. >> all right, john richels runs a fabulous, fabulous oil and gas company. it is shifting quickly and that has made it so it is the cheapest in the group. john richels, president and ceo of devon energy. stick with devon and stick with cramer. >>> coming up -- bad apple? its products have dominated the c

energy development, regulators approved cheniere energy's plan to build an export plan for liquefied natural gas in louisiana, first of its type in 50 years. >>> argentina's president announced controversial plans to nationalize its biggest oil company, ypf, which was previously run by spain's repsol. >>> jim yong kim is the new leader of the world bank. the dartmouth college president will begin his five-year term as bank president in july. >>> and if you have teenagers going to prom, you know where your tax refund is going. a new survey found the average price tag per teen is a whopping $1,078. that's 33% more than last year. i don't even want to say what it was when i went to prom. >>> well, the o's win in extra innings, the wizards put a spell on the bulls and the mavs out-last the jazz. plus, the bruins get a game up on the capitals in their stanley cup playoff series. your early-morning sports headlines are straight ahead. >>> i'm just glad you had a date for prom. that worked out well. well, your forecast is coming up. you're watching "early today." >>> good morning. if you're

. >>> and regulators approved cheniere energy's plan to build a plant for liquified natural gas in louisiana> argentina announced plans to nationalize its biggest oil company ypf, previously run by spain's repsol. >>> jim young kim is the new leader of the world bank. the dartmouth college president will begin his term in july. >>> and if you have a teenager going to prom, you know where your tax refund is going to go. a new survey found the average pricetag per teen is a whopping $1,078. that's 33% more than last year. what in the world are they spending that much money on? you got me. >>> well the o's win in extra innings, the wizards put a spell on the bulls and the mavs outlast the jazz, and the bruins get a came up on the capitals in their stanley cup playoff series, your "first look" at sports is straight ahead. you're watching "first look" on msnbc. literally across the street from her sister. [ banker ] but someone else bought it before they could get their offer together. we really missed a great opportunity -- dodged a bullet there. [ banker ] so we talked to them about the wells f

. >> are you actually -- i don't think you are cheniere, though, right?no, we have no relation with them. potential customer. >> right. in some ways most companies come on and they say, listen, we have a little china business, could be big. your china business is huge right now. >> it is. it's very strong. we're exporting our heat exchangers for liquefiers into china, also for industrial air separation plants, and then we're manufacturing in china. the full range of our distribution and storage equipment. and in fact, it's now grown so that our lng-related business with distribution and storage is larger than our industrial gas business in china. and we're looking at it growing at -- the business growing at 40% to 50% per year for the next 5, 6 years. >> were you guys always in this business, or did -- this became a huge business. nuclear kind of went out. oil went up in price. diesel's really expensive. this was your niche and it just turned out to be a huge business? >> we've always been focused on cryogenic applications and have been involved with natu

i have a question about cheniere energy partners, and they're working on a facility in louisiana, blackstonein the company in february, and i was wondering what you think the long-term prospects of that are? >> you know we have had him on the show. i like that guy a lot, man. we made a bunch of money in the stock. that means we've got to wait for it to cool down a little. it drops a couple bucks, then bingo! eric in arizona. eric? >> caller: hey, jim. how you doing? >> real good, eric. how about you? >> caller: good. slb, schlumberger, i own the stock, seen it in the 90s, but last august after poor earnings, the stock has never recovered. is this a long-term stock for me? or should i look at it in the high 80s low 90s? >> short-term, i don't think it's going to do anything, there's a lot of charter. schlumberger is the best company in the industry long-term. and i want to own the stock right into the weakness. now we're going to austin in florida. austin? >> caller: big boo-yah from austin. dr. phillips, florida. >> i'm not familiar with that. >> caller: the question is on pandora, p, we bou

jim will be speaking with the ceo of cheniere energy. 6:00 p.m.n cnbc. >>> before we go to break, look at that market. that's a lot of green on the screen. in fact, 29 out of the 30 are trading in the green in the dow. the only loser right now is j & j. put a band-aid on that. just barely below the break even point and my puns have officially broken below the breaking point. >>> just ahead on "street signs," herb's disaster du jour is in the bag. a big flowery bag. >>> and how tupac is bringing new life to one small hollywood stock. >>> happy -- not so happy tax day. accountants everywhere ready to hit the bar tonight. 63 million tax returns will be filed. 57 million including myself do it electronically while more than 6 million -- did i just say myself instead of me? i hate that. more than 6 million like the gold, old fashioned paper returns. i'd love to know who's still filing those and dropping them in the mail. "street signs" will be back after the break. ♪ ♪ [ male announcer ] not everything powerful has to guzzle fuel. the 2012 e-class blue

ch en cheniere popping 10%. >> they're waiting on building a plant in louisiana to make them the sole liquid natural gas. i'd be a buyer. >> lots to talk about in tech, doc. micron dropping 2%. what's going on? >> s&p cut their outlook to negative late yesterday in the session and then today they priced some convertibles. the stock's down 12 or 13 cents, i think. it doesn't appear to be as big a deal, but we'll have to see if it stabilizes around the $7 level. >> jci, johnson controls, murph, popping 3%. >> johnson controls is a name we've discussed before, judge. we're long the name here. estimates are way too low. they come out with earnings a week from today. today they were upgraded by deutsche bank to a $39 target. they have a lot of catching up to do and i think it goes higher. >> dow, the chemical company, popping 2%. pete? >> they raised the dividend 28%, so they have a nice yield. they were already at a nice yield, so this tells a lot about the chemical company, especially nat gas. i like that right now. that's name i'm in. >> a pop for persistence. a routine traffic stop in

. >> cheniere energy. >> if they get it, that is low they are the winner. >> microsoft, it's still cheape low multiple tech stocks. they hold up. >> illinois tool works getting a downgrade to underweight from equal weight. >> industrials are red hot. if it's up 18%, 20% we'll downgrade it. >> johnson controls. >> stock has done nothing. >> goldman sachs bullish on ensco. >> if you do not have any natural gas you can rally. >> we have a believer in the gap turn around story. jeffries raising the price target. >> people are shopping at banana republic and old navy is working. >> for more go to cnbc.com. there's weakness in the financials overall so was there anything in jpmorgan or wells fargo earnings release that makes you believe there's weakness. >> people freak out when the mortgage put back is back on the table. there's a lot of feeling in washington that the banks really hurt people and they are going to continue to try to get money back for them. but i also want to point out the stocks have been strong. great first quarter stocks. the market is having a bit of a correction. i'm not