i can't say this is the level to start buying ensco but i know it's too low to sell. meanwhile, halliburton is playing a big role in make mag which you are fields like this one come back to life. this stock has been red hot since the beginning of the year. halliburton knows more than just drilling in the gulf, it knows drilling on wall street as the company brought back 7% of its shares on the open market last year. as aggressive as halliburton's buyback has been, few managements feel their stock is more undervalued than energy xxi, the company running this ensco rig i'm standing on. energy xxi which takes older fields and uses new technology to exploit them has recently brought back 12312-% of its share. chairman, ceo and founder john schiller has take than extraordinary action. why? he believe this is country is dramatically undervalued and that his model of buying old fields and rejooef nating them can produce fabulous returns as he acquires more left for dead properties. looking around the gulf, i bet there are a ton of mature fields he could snap up on the cheap

why do you like ensco? >> right. well, again, in our system here, we're trying to buy things that are on sale, and, you know, the fact that the market is trading at near an alltime high with many stocks high flying, as you pointed out, we'd rather buy something that hasn't had its day in the sun with solid fundamentals. earnings are still expected to grow this year and next year. they're a contract driller. plus you get a dividend yield of 5.7% and the balance sheet is solid for a company like this. the payout ratio is well sustained and well supported. they could actually raise the dividend even more. there's ex-dent value in the oil drilling space and ensco would be my favorite name there. >> and i'm going to push back a little on your two picks here. a feeling i'm going to make a case for them. both coors and llg have already taken off. both high, 22% year to date and over the past year, yet you say they're taxiing along the runway ready to take off from here? >> you know, it's interesting, mandy. when i was asked

the companies may have yields that seem outsized but given that ensco cut its dividend, i'm not worriedust raised it. you can go with what is steaming hot or you can go with value and wait it out until the big programs take in from brazil and mexico knowing you have these large dividends in your favor. you can draw it out. rich quickly. me? i'm happy to get rich carefully. i'd much rather by a balancing bottom than get eviscerated. stay with cramer. [ male announcer ] meet jill. she thought she'd feel better after seeing her doctor. and she might have if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft. and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. if jill had lifelock's protection, she may have been notified before it was too late. lifelock's credit no

how are you able to make money given the cost of what you have to pay ensco and all your crew?ecause think of about it, everything's got to go right. >> yeah, we have a high success rate on development wells. 95%. that helps but we're paying that rig about $125, you add another $125 -- >> $125,000. >> yeah, so $250,000 a day total is what we're spending on that rig. >> how much does it cost you just to talk to me? >> well, let's see how long we talk. but, you know, our typical well costs between $10 and $12 million to get drilled and we'll bring on the low side 600,000 barrels and high side $1.5 million barrels. >> how many more properties are left that you bought and what could be the proof reserve to what you have going? >> we're on the cutting edge. we have 180 barrels crude reserves. when you look at 3p it's almost 300 barrels. we're going to move that oil into the crude category over time. >> meaning it's likely it's down there? >> yes, remember, it has to be in a reservoir that's already been penetrated and proven productive so more importantly with a new seismic, this fi

it's because the wall street analyst community has determined that ensco are foolish and absu absurdlyp downgrading them. and sea drill, a similar company has been left totally for dead and it yields an astounding 11%. on the other hand, they have fallen head over heels for patterson uti. yes, it's absolutely true that there is more aggressive onshore drilling, mostly because of the phenomenal finds we talk about. here's what i take issue with, though, here's what i don't like. i don't like the new-found love for the onshore names because it comes after massive moves that have already been made! now with patterson uti up almost 18% we get this powerful goldman upgrade, now with halliburton up, we draw the phony attention of wall street? please! sea drill which has plummeted 18% can't get some break. transocean down now it gets despised? this action is precisely what i don't like about wall street. the analysts tend to be trend followers. and while the offshore plays are ice cold, i question the value proposition of the hot names. the companies may have yields that seem outsized but giv

and ensco 99, meeting with halliburton and governor jindal. are energized. all of us at "mad money" want to thank the people of louisiana for reminding us why we come out here each day. bayou boo-yah to all of you. all right, now, sometimes you have these quiet moves in stocks that aren't on anyone's radar screens. they aren't battlegrounds, they aren't sources of contention, and they aren't froth! they just methodically generate excellent returns year after year. such is the case with two stocks that we don't talk enough about. cedar fair and six flags, two amusement park operators. speaking of the new book, i'm going to be signing it this coming saturday, march 15th, at the costco in east hanover, new jersey, between noon and 2:00. that's my costco. you'll see me there. anyway, enough shameless promotion, back to business. the new frugality is a theme i think you should be paying attention to because of the scars of the great recession. those scars run deep. people now see bargains similar to what our parents or grandparents or even great gr

i'm watching ensco, and not becauseot of two weeks ago, but because it's so darn cheap. almost 6% yield.o it seems poised for a comeback. we have to hear about day rates. maybe they're going higher. a favorite of ours.e lng, the natural gas exporter so hot, and just won't quit. and the oil service giant. and ervalero, who i think is having an excellent quarter. tuesday brings results from three companies that should givs us an important clue about theg ongoing nature of this rotation that i'm talking about, and that's mccormick, the spice company, walgreens, the drugstore chain, and pvh. we've had all three of these companies on air.d but mccormick and walgreens are like the classic growth stocks -- for no apparent reason. if we see good numbers and the stocks do nothing, or they fall, and we know we're in the tech slash bank haven and gross stock hades, we are curious about pvas because there have beenav so many downgrades, i thk any decent number aught to send it higher. that's what happened when they will report it. wednesday will be about the fed. it releases the ana

diamond offshore, noble, transocean and seadrill, ensco down. chinese solar stocks are getting hit. that one of the manufacturers over there may not be able to make one of the bond payments. this would be the first mainland onshore chinese company that would default on the bonds if it happened. it hasn't happened yet. raising credit risk issues in china and not just in the solar space. keep an eye on this. very hot topic on the trading desk. scott, huge amount of secondary offerings last night. there were at least 13 companies that did. bloomin had a big one. gilead had a $4 billion secondary. right now you float them when you can when the markets are at new highs. back to you. >> bob, thanks so much. >>> one stock dragging on the s&p today is whole foods. falling nearly 2%. mike murphy did add the stock to his playbook playoffs portfolio a month ago. he's still bullish. jon najarian is taking the other side of the case. 1:30 is on the clock. murphy, you are up first. >> so whole foods is a name, it's a growth story. it's a company that's going from roughly 370 stores currently up t

if you think ensco is overvalued, you haven't done any homework.hat fuel cell companies are cheap, then you obviously have lost your mind. but that's okay. what i'm say something that there are sections of the market that are overvalued and sections that are undervalued and a lot of stuff that's fairly valued. we had a o6% decline earlier. that's fine. the train never really leaves the station. >> you lived through the 1990-2000 bull market. goes down in history as one of the best runs but ends so poorly. people are so cautious thinking are we going to repeat the experience? >> world war ii they thought they were going to repeat world war i. there are always generals who say it's going to be exactly the same so, therefore, we have to avoid it. i look at what happened to facebook today and i know people just think facebook is just total wampam. it makes a lot of money. it's doing well. is it overvalued on 2017 numbers? probably not. you have a lot of cloud stocks that are very overvalued on earnings but they're not -- in revenues that's how growth m