the anadarko unit as well as the bakken shale and the eagle ford shale, a gigantic fine.xample, back in october, newfield sold malaysian holdings for $900 million, and in the process of selling chinese assets. by pouring that money back into the hot domestic plays expects to grow production by 31% this year. newfield reported a month ago and the numbers were, let's just say excellent. company expects their anadarko basin production to double from last year and they're forecasting 40% production in the bakken, 30% in the eagle ford. the company has raised guidance while becoming a more efficient operator drilling wells more cheaply, increasing the reserves. i recommended the stock a year ago and it's given a 35% gain. let's check in with lee, the chairman and ceo of newfield exploration and find out more about his company's prospects. welcome to "mad money." >> thank you, jim. >> sir, we were on an oil rig two weeks ago in the gulf of mexico. and one of the executives there said, you know what, company like an exxon, they've got to go to malaysia, they've got to go to indo

looking at commodity, utilities, energy stocks on the screen, exxon mobile, consolidated edison and anadarko petroleum and the small-business optimism index we need to tell you about it fell in february to 91.4 from 94.1 in january, happens to be the lowest reading since a year ago. this is the national independent business's number that is historically associated with recession. maybe that is that were pulling the market down. also associated with below average growth, small businesses are crucial when it comes to job growth. investors pay close attention to this index not just because it reflects whether small businesses are hiring but also because small business optimism and the stock market, look on your screen, 10 to track each other closely, except as you will notice in 2010 when the fed announced quantitative easing. finally, the on-again off-again merger saw the between joseph a. bank and men's warehouse may be over. men's warehouse saying you will by joseph a. bank for $1.8 billion ending ping pong game between the companies. today's offer $65 a share to 9.5% premium to the closing

. >>> we just talked about anadarko getting two positive calls today.games leading the s&p 500. marathon petroleum up 3.6% to 8932 and refiner valero up 3.6%. marathon, we're told in it for the long run. >> yeah. i was going to do -- >> delayed -- for the long run? credit from marathon. >> yeah, that's good. yeah, maybe. short as well, in it for the short run. >> that was a fail. >>> the cost of your morning meal is sure to rise. okay? we know jane has been talking about bacon. fantastic. guess what? what happens you should haveç ignored stock, bonds even gold and bought food commodities instead. yes, bacon, vis-a-vis lean hock futures up year date. did you know that coffee -- hmm -- up 78% year to date. >> yeah. okay. and eggs, by the way, at a record high. unbelievable. i mean, so much -- >> point out that orange juice. >> skyrocketing, around two year highs. a lot of this comes back to what's happening in brazil. talk about the drought in brazil and what it's goidoing to coffe prices. also orange juice. they provide about half of the world's orange

and having a huge flush in december, anadarko petroleum. >> tesla is a long way from kia. and this is what you have to think about. this is how the markets are reacting. people sell germany when eastern europe is selling off. they sell carlsberg. a lot of breweries in europe. when you look at the broader market, this has zero impact in terms of global growth. the only thing playing into this today, people started believe janet yellen's comments that she is thinking about the emerging market crisis. bernanke disavowed this. if you look at the treasury band, and think what is going on here? we have a flight to qualitity, or growth has sloun dramatically. or the fed may be in play. >> or think both. and you saw gold move higher today. >> i'll go back to when guy was talking about lockheed martin. you have defense contractors going higher, gold going higher, and the market selling off, and i know we rally back. but maybe people are thinking this is going to get worse. i do think the trade in this place is gold, number one. that's the place to go. >> let's be clear. you sold ah

we like little boring but we like to mix that in and added anadarko to offset the boring name with moreeta. >>> will lion's gate hit the bull's-eye with "divergent." one of our traders said he wouldn't buy a ticket to the film with the najarians money. ouch. we have a street fight of epic proportion on deck. >>> and getting ready for golf season? our guests are hoping to hit a hole in one with their new start. up, from clubs to clothes. birdie box, find out how you can get in on that action when "the half" comes back. >>> "power lunch" top of the hour. hope you join us. did the markets get it wrong on fed chair yellen's message? should you reposition your portfolio you or just let the markets freak while you stay calm? >>> plus, the impact, higher rates may have on housing and mortgages. we'll talk with the ceo of one of the biggest real estate firms in the country, in the world, in fact. he's going to give us his take. >>> and the co-founder of google, larry paige, says he would rather give his billion dollars to capitalists than to charity. is this the best way to change the world? we

the permian basin, the anadarko basin. gross acres, 1.7 million net acres in the permian basin. >> does that sound right to you, the idea that this cline shale formation could have three times the amount in the bakken base in? >> those are two distinct shale plays. if you look at the permian ba n basin, it's a totally different basin. cline shale, we drilled 51 wells last year. the economics are getting better we're going to drill 35. i don't think at this point it's in a position to be called the next bakken or eagleford. certainly the permian base inwill end up being bigger than the eagle or bakken, frankly. >> last year, your north american liquids volume increased 46,000 barrels a day. that's an increase of 46%. what happens this year in 2014? >> well, we've decided toward 15% to 18% liquids growth in north america. our overall growth rate in north america is beginning to be about 12% to 15%. that's going to be powered by that permian basin and the anadarko formation. i feel good about where we are going into 2014. i t