, saw its stock rise to $36 and later plunge to about $16 surrounding its takeover of Rice Energy in 2017. EQT CEO Rob McNally visited Cramer to discuss changes that the company has made as it gears up for a proxy fight with shareholders.
A proxy fight is when shareholders team up to influence a corporate vote. McNally became chief in August after the stock collapsed more than 50%. "We think the plan that we have put forward, however, is one that is based in reality," said McNally, who took a shot at Rice Energy's idea for a turnaround plan for not being "based in reality."
"Just in the time that we've been in control of the company, we've cut $150 million worth of costs out of the system and generated $300 million of free cash flow between the fourth quarter of 2018 and the first quarter of '19."
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Consumer Staples.
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The charts warn that stocks are due for a pullback, Jim Cramer saysBecause the Volatility Index has not gone lower, 'you need to be careful when you see the averages rallying like this morning,' Jim Cramer says.
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Cramer: 'The bull is fatigued,' froth is easing up and the market is ready to recharge'We've had a colossal rally. After this kind of run, the bull is fatigued,' the 'Mad Money' host says. froth is code for pump. fatigue is code for dump
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The charts warn that stocks are due for a pullback, Jim Cramer saysBecause the Volatility Index has not gone lower, 'you need to be careful when you see the averages rallying like this morning,' Jim Cramer says.
더 많은 것을 읽으십시오 »