Anadarko Petroleum, EOG Resources Rise On Cramer Enthusiasm For Growth ProspectsDaniel McCarthy (Author) Published Date : Jun 05, 2014 00:19 IST
Shares of Anadarko Petroleum (APC) and EOG Resources (EOG) gained after CNBC personality Jim Cramer said they are his favorites among fast-growing U.S. energy companies. Cramer said domestic energy companies with top reserves are enjoying growth rates of up to 40%, and compared them to top software-as-a-service (SaaS) for their revenue growth possibilities. He also mentioned Cimarex (XEC) and Carrizo Oil & Gas (CRZO) as among those with stellar growth potential, in his estimation. In afternoon trade, APC was up 1.57% to $102.25, EOG was up 0.50% to $104.68, XEC was up 0.11% to $129.15, and CRZO was up 2.14% to $58.78 after hitting a 52-week high of $59.08 earlier in the session.
Anadarko Petroleum, EOG Resources Rise On Cramer Enthusiasm For Growth Prospects