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Non-Tech : Williams Companies, Inc. (WMB)
WMB 57.87+0.4%Oct 31 9:30 AM EDT

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From: Paul Lee7/15/2008 8:41:44 AM
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Natural Gas is Back: Chesapeake Energy (CHK), Spectra Energy (SE), Williams Brothers (WMB)

Cramer proclaimed his "year of natural gas is back!" highlighting the successful secondary offering of shares by Chesapeake Energy last week. Cramer has talked endlessly about the sector for some time now, covering virtually every company that owns a drill. On Monday, he said the next opportunity is the pipeline companies. Cramer believes in Spectra Energy but also feels that Williams Brothers is a great company to own. Cramer said it's simple: The more gas that gets pumped, the more money these guys make.

Williams, he said, is expanding from the New York City area further in the mid-Atlantic region, where there are millions of potential customers. The company is also building pipelines to transport more gas from the Rocky Mountains. Cramer also finds Williams' drilling operations attractive. With over 22 trillion cubic feet of proven gas reserves, the company is drilling as much as it can while remaining a low-cost producer. Williams also has 50% of its 2008 production un-hedged, allowing it to realize huge gains as the price of gas continues to rise. Williams is a realistic play in the oil and gas sector, he said
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