July 22, 2021 – The Street
Cramer’s Watching Energy Stocks: Chevron, Devon, Pioneer
Energy consultant Rusty Braziel tells Jim Cramer that increases in oil production, prices, and natural gas imports are good for the industry.
By: Frank Hartzell
Increases in oil production, prices and in natural gas imports are signs of a healthy petroleum industry, Jim Cramer’s viewers on Mad Money heard from Rusty Braziel, founder and executive chairman at RBN Energy. The conversation came during a recent Executive Decision segment. RBN Energy is a fundamentals analytics company known for its energy markets consultancy.
Prices are rising, which Braziel said is allowing oil producers to pay down debt and get ready for the next wave of drilling. Oil production has risen 600,000 barrels a day in the U.S. over the past six weeks. Earlier this year, there were also a lot of DUCS, or drilled-but-uncompleted wells. Many of those wells are now completed and coming online. Drillers can make some "serious" money at these levels, Braziel added.
Read the full article here: https://www.thestreet.com/jim-cramer/cramers-watching-energy-stocks-chevron-devon-pioneer