Opinions
Jim Cramer - Mad Money
Coterra Energy
CTRA-N
COMMENT
Nov 04, 2024
$23.070
Stock price when the opinion was issued
Energy
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Likes it optionality: they can emphasize either crude oil or natural gas production depending on market conditions. If the new EU trade deal leads to sustained higher prices for natural gas in the US, then CTRA can lean on that side of the business. Pays a 3.7% dividend yield. However, the oil business is not doing well for them.
Energy
They reported a good quarter last Friday, but management made confusing comments about M&A. Today, it rebounded with the price of crude after OPEC+ said it would delay its output by a month.