Categorized | Fundamentals, Opinion

‘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.

Read More at CNBC

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