mark papa, chairman and ceo of eog resources. thank you for coming on the show. >> thanks a lot for having me, jim. >> look, eog has been a huge winner for us. you can read the analyst notes. they are not going to be nearly as positive as i am but we have street cred on this name. eog goes higher. you heard what he said about the price of oil. it can go higher even without iran. >> coming up -- >> will apple go higher? >> cramer is turning to the technicals to see if the tech wonder is poised for a pullback or if it can climb higher on the new edition of "off the charts." later, trash talk? could one man's trash soon become your treasure? don't miss cramer's exclusive with the ceo of waste management. all coming up on "mad money." >>> in any given period there's some stocks so darned important that they help determine the entire direction of the market. and in this current year, no stock is more important than apple. when apple rallies like it did today the market can rally, too. when it falls, the market tends to give up the ent

thirst, for an oil company that is not too risky, not too conservative, eog. i'm focused on eog.og is perhaps the best way from all the unconventional share places i talk about. it's the number one in bakken, north dakota and eagle ford for shale in north texas. eagle ford is so bountiful. those are the two largest domestic oil discoveries since prudhoe bay. company has been growing its oil production and reserves like crazy as part of its shift away from low-priced natural gas and towards much higher margin oil and nat gas liquids. we just heard from eog's excellent ceo mark papa last week. man was he bullish about the company's profits, the last quarter was truly spectacular. eog has given us some phenomenal gains lately, but i still think the stock is real cheap based on its amazing oil production growth. remember that. >> could sell bakken and still have -- if they sold eagle ford, it would be worth the whole price of the company. be careful, though. this stock gets clipped pretty badly on days like today when crude drops. fourth on the riskier side, now i want you to conside

let's not forget continental resources and eog. john in florida?hi, jim, john kowalski, xerox. >> doesn't have it for me. i got -- i recommend texas instruments, i'm not going to go on board. let's take al? minnesota. >> caller: hey, jim, glad to see you i have been watching you for years, love your show. the reason i'm calling me and my grandson, we're following a stock called jbs univase, buy, hold or sell? >> used to be call just don't sell, going down, just don't sue it. i'm not that in it, i know it was a good quarter if i -- there are other optical plays, this is too hard to own i'm not going to endorse jpsu. >>> that, ladies and gentlemen, is the end of the lightning round! >>> the lightning round is sponsored by td ameritrade. and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. my dad and grandfather

let's not forget continental resources and eog. john in florida?ohn kowalski, dunedin, florida. xerox? >> doesn't have it for me. i got -- i recommend texas instruments. i'm not going to go on board. let's take al in minnesota. >> caller: hey, jim, glad to see you. i have been watching you for years, love your show. the reason i'm calling, me and my grandson, we're following a stock called jbs uniphase, buy, hold or sell? >> used to be call, just don't sell, going down, just don't sue us. i'm not that in it, i know it was a good quarter. there are other optical plays, this is too hard to own. i'm not going to endorse jpsu. >>> that, ladies and gentlemen, is the conclusion of the lightning round! >>> the lightning round is sponsored by td ameritrade. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritr

stocks like clean harbors or eog, continental resources, schlumberger, back to where it was in 2008. these are marching to the same oil tune. finally, the consumer herself. she ain't stupid. pretty much saw it coming. first time gas goes to 4 bucks, you freak out. second time, you aren't freaked out, maybe angry. you don't trade down to walmart or dollar tree or perrigo. those stocks are acting terribly. bottom line, i'm not saying just wait, because pain at the pump hasn't happened yet, i'm saying we can adjust because things are better this time around and we're more prepared for an energy crisis. and if israel and the united states attacks iran, all bets are off. discretionary stocks go higher because business is getting better, and, yes, i'm an optimist and that can mask of pain of handing $75 to the guy at exxon and finding out you're 7 bucks shy. tom. you're up. >> caller: booyah to you, mr. cramer. today, existing home sales went up 4.3% month to month. would now be a good time to reinvest with usg? >> i would rather be in berkshire hathaway. you have a lot of stuff going for

eog completely surrounds us.possibly monetizing our eagleford back in november, december and our success has been so great, i pulled it back off the market. you hear about transactions happening at 20,000, 5 those an acre. i think it would be north of 30,000 net acres. that'smore than our marketization, 1500, and i have four rigs running down there and it's a great, great resource. >> in the conference call and limitations, you talk about doing a partnership because your company is humming right now. why do it, mlp? >> we have a midstream asset called eureka hunter pipeline and it's a brand new system that we built in west virginia and ohio. it will move 200 million 00 million a day. we built that because there was no high-pressure gas in that part of the world. it was a low pressure regime for the last 50 years. we're moving 75 million a day through the slump and that's our own company gas, our own marcellus gas, but the market will value that at 10, 12, 13 times multiple and it's now got its own life. so with t

we had the ceo of eog resources. he painted a very grim picture.rightened this guy, and i believe that natural gas is under a lot of pressure. i asked him had natural gas bottomed at $2.50, and here's how he responded. >> i'm not sure i could agree with you that natural gas has bottomed at the current $2.50 price. i mean, i wouldn't be surprised to see it go 50 cents lower sometime during the summer. >> off the $2.50 pace. this is a guy that understands the industry. it gets worse. this guy has been right about everything he says since he has come on the show. i felt like taking gas. how about coal? that's actually the bulk of consol's business. all the coal companies reported truly awful quarters this past earnings season, and many of them, like alpha natural resources and patriot, have announced they're cutting back on their own coal production. actually, a bunch of problems. there are concerns about europe, but mainly because of fears that china might not be able to engineer a soft landing. plus, there's a ton of coal supply coming back on-line

>> i believe in the company, i feel like we have to be more oil which is eog, my new favorite.in florida? >> caller: booyah, jim how are you this evening? >> what is going on. >> caller: a quick question, a company with a nice run up in the past few months, and a video game to come out, take two -- >> it's the best in the game stocks right now, electronic arts is underneath them. take two is the real deal and that is the conclusion of the lightening round. >> the lightening round is sponsored by tdameri trade. >> let's go top kentucky. here is a big las vegas! >> a big booyah, boston, nashville, michigan. let cramer help you channel yours, "mad money" with jim cramer, week nights. and hurtle us all into space, which would render retirement planning unnecessary. but say the sun rises on december 22nd and you still need to retire, td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? [♪...] >> announcer: bank robbers stole $43 mil

we'll do the metric, continental resources verse eog and get back to you.o from post to ralcorp, forget about it, breaking up isn't so hard to do after all! stay with cramer. >> coming up, are you ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive lightning round. and later, dow 17,000 doubters? cramer turns to the technical calls to see if the bears are retreating to their caves or preparing to claw their way back on an all new edition of "off the charts," all coming up on "mad money." medicare. it doesn't cover everything. and what it doesn't cover can cost you some money. that's why you should consider an aarp... medicare supplement insurance plan... insured by unitedhealthcare insurance company. all medicare supplement insurance plans can help pay... some of what medicare doesn't, so you could save... thousands of dollars in out-of-pocket expenses. call now for this free information kit and medicare guide. if you're turning 65 or you're already on medicare... you should know about this card -- it's the only

>> i believe in the company, i feel like we have to be more oily which is eog, my new favorite.n in florida? >> caller: booyah, jim. how are you this evening? >> what is going on. >> caller: a quick question, a company with a nice run up in the past few months, and a video game scheduled to come out, take two interactive. >> it's the best in the gaming stocks right now, electronic arts is underneath that. take two is the real deal and that is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> let's go to kentucky. here is a big las vegas! >> a big booyah, boston, nashville, michigan. let cramer help you channel yours, "mad money" with jim cramer, weeknights. in what passes for common sense. used to be we socked money away and expected it to grow. then the world changed... and the common sense of retirement planning became anything but common. fortunately, td ameritrade's investment consultants can help you build a plan that fits your life. take control by opening a new account or rolling over an old 401(k) today, and we'll throw in up

we'll do the metrics versus brigham, whiting, continental resources versus eog and get back to you.from post to ralcorp, forget about it, breaking up isn't so hard to do after all! stay with cramer. >> coming up, are you ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive lightning round. and later, dow 17,000 doubters? cramer turns to the technicals to see if the bears are retreating to their caves or preparing to claw their way back on an all new edition of "off the charts," all coming up on "mad money." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ deep breath ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ tom ] we invented the turbine business right here in schenectady. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your lights. [ brad ] at ge we build turbines that po

last night, the ceo of eog resources told us that he thinks nalt gas could still come down hard fromere and will stay down a long time to come. enter west port innovations, which priced 5.5 million shares 43 this morning. and west port is pumping up natural gas for pickups to heavy duty trucks. trucks are responsible for consuming 25% of the oil we import, if our government were simply to support siddize the program and have the trucking companies switch, we did the cash for clunkers, we could turn the tables on opec, lower the prices using cleaner, cheaper and increasdibly abundant fuel. republican candidates aren't talking about the opportunity. and other than one photo-op where we were called the saudi arabia of natural gas, nothing happening to encourage the switch. and other than west port and clean energy fuel, building a network of natural gas filling stations no, one doing anything meaningful to knock down the future price and helping america become less definite. honestly an odd itty. the subsidies are for electric cars. these west port engines still require stiff initial ou

eog resources, hess, occidental petroleum, they're the ones that have great international exposure that will do exceedingly well in this environment. even. >> i know you want to talk retail. i did some work in the oil services sector. that sector touching six-month highs every day in the last couple days. there's a lot of names, whether it's neighbors and others that are really doing well right now. >> and brian, speaking of retail, if the price of gasoline continues higher in this country, all these retail reports this week are going to feel like ancient history. >> i talked about that yesterday. the guidance is really the big issue. it's such an unknown when it comes to fuel prices. that's why people are discounting a lot of what they see. there really seems to be a separation, it's one of those things in retail where we see bullishness and rising tide. you have kohl's and walmart this week sort of to the down side. tj maxx, target and macy's on the other side of the ledger. when one does well, it's sort of at the expense of others. kohl's a year ago was doing great and target wasn't,

brooklyn autism fund-raiser and i heard people say when will you reiterate that you like continental and eogave swoons and when they have swoons -- >> buy, buy, buy! >> and the dollar down today is not a swoon. let's go to michael, oh, my god, in connecticut. the triple play! the hat trick! >> caller: boo-yah from stamford, connecticut! >> stamford, my sister says it is better than ever. the stores are great and it looks fabulous. >> caller: it is wonderful. my question is, i own tmb, tmb since 1953, with the acquisition of tmb by abb for $72 cash, will this make abb a good stock to buy? >> no, you're done. it made us a lot of money and that is an absolutely great company. you hold it, you won, declare victory and go get yourself, yes, indeed, a cashmere sweater. and that, ladies and gentlemen, is the conclusion of the lightning round! >>> the lightning round is sponsored by td ameritrade. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's

company that as of yesterday had barely moved up this year, it's been up 1% since 2012 began versus eogl of that changed. see, this morning devon reported a spectacular quarter. 8 cent earnings off $1.47 basis and higher than expected revenues that rose 21% year over year. this company is successfully making the switch away from natural gas and towards high-priced oil and nat gas liquids. right now only about a third of devon's rushing comes from oil and liquids. by the end of the year it will be up 40% as it has 40%. that's how devon plans to achieve 20% production growth this year. that's stunning, people. that's stunning. so people look at this company as it was too heavily weighted toward natural gas, but the truth is devon's become more and more oily by the day, plus they have an 18% dividend boost which we like even if it brings the yield up to 1.8%. no wonder the stock soared 7% in today's session. devon's finally starting to get the credit it deserves, but don't take it from me. let's talk to the ceo of devon energy to learn more about the quarter and his company's prospects. jo

we heard from mark pappa this week, the ceo of eog resources that nat gas could go appreciately lower. southwestern is the premier gas companies in this country. will it share in the negativity, talk about cutting back on drilling or will most importantly talk about using natural gas as a surface fuel, something that this show tonight is focused on in order to save what i think is the american consumer from the possibility of forever higher gasoline prices? we have the ability to stop that. few companies know more about the nat gas business than southwestern. so i'm going to be listening to every word, and i'll give you the skinny. tuesday morning brings us the remarkable story that is auto zone, a play on the desire to keep your car for longer at a time when the average car on the road is 11 years old. now, auto zone produced some of the best performance i've ever seen from a stock. augmented by one of the few buybacks that have really done the job, dramatically shrinking the share cap and thereby making the earnings per share bigger. i think it's still all systems go and you can sti

i think the best in the group are eog resources and apache among others.e that the refining sector, they have held back on their capacity, but as other guests have said, retooling. i think it could be a rebound there as well. it's a tricky call at the moment. you get the companies there that have the great oil-producing portfolio with the refining flt right now for me that really is hess. hess and ox si both great libyan production coming back online very quickly at $125 a barrel. >> john and alan, thank you very much. back to you soon. >> coming up, just over two hours left in the trading day. we'll bring you charts of the day. i better find one. >> me too. >> "power lunch" is back in two. ♪ [ male announcer ] the 2012 m-class continually monitors blind spots, scans the road to reveal potential threats, even helps awaken its driver if he begins to doze. so in the blink of an eye it will have performed more active safety measures than most cars will in a lifetime. introducing the all-new 2012 m-class. see your authorized mercedes-benz dealer for exceptiona

. >> mark pappa, ceo of eog comes back and says we've had $100 billion windfall from the decline in natural gas. believes natural gas goes sub two bucks. we've got a trade off. warm weather has helped. when we get to summer driving system that will not be the case. >> he is, of course, retail, right? >> sure. >> we do have some retail earnings out today. >> yeah. we've got jc penney. >> right. >> jc penney actually coming out with a beat on the eps. but the revenue was a little bit light. the full year estimate was $1.59. that was sort of in line. the same store sales numbers and total sales numbers, though, were still lower there. >> this is not a quarter you can really give to johnson at this point, though. >> johnson did what meg did. johnson did what meg whitman did. they talked a big game when they started. that's the wrong thing to do. you've got to underpromise. you've got to overdeliver. suddenly johnson is like you go to the stores, they do look a little like they did a month ago. >> it's going to take time. i don't know that meg came in guns blazing saying we're going to knock the