‘Game Changer’: A US-China Oil Partnership
Posted on 08 March 2010 by admin
Cramer during Monday’s Stop Trading! called Royal Dutch Shell and PetroChina’s $3 billion bid for Arrow Energy an “important deal,” saying it “should revalue a lot of nat-gas companies.”
Cramer saw potential acquisition as a sign that many oil and gas companies are steering clear of countries – Russia, Venezuela, Nigeria – in which it can be hard to do business and choosing instead safer regions like Arrow’s Australia.
“I’m waiting for Royal Dutch to come into the American market,” Cramer said.




