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Wednesday, August 16, 2006

MAD MONEY Recap; Cramer Likes Coal (Aug. 15, 2006)

Stock Tickers: positive on BTU, ACI; negative MEE, WLT; other tickers XOM, CVX, KFX.

On today's MAD MONEY, Cramer says he likes likes COAL stocks, but bot Massey (MEE) or Walter (WLT). He likes Peabody Energy (BTU) and Arch Coal (ACI), both of which are so cheap he says he has to pull trigger on them. Both of these sell to electric utilities more than the others with industrial clients. He even thinks an Exxon Mobil (XOM) or ChevronTexaco (CVX), or even a foreign player, could step in and actually acquire one of the coal companies.

Pennsylvania Governor Rendell was also on discussing the gassification of coal into diesel and into natural gas. While they didn't mention any stocks, K F X (KFX) is a company that claims to be able to do this (although Asensio, a short seller, slams them without end). Also Sassol (SSL) does this in South Africa and Peabody (BTU) is exploring this process.
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