Cramer: Chevron's Anadarko merger won't be the only oil deal this year

CNBC's Jim Cramer on Wednesday said investors could expect to see more mergers and acquisitions in the energy and oil space in 2019.

"Three weeks ago, I did make a called shot. I came out here and explained that this market was in dire need of mergers and acquisitions," he said."We've simply got too many publicly traded companies, something that's only going to get worse as more and more privately held unicorns, like Pinterest tonight, keep coming public."

The debt-laden balance sheet is the only problem with the company, Cramer said. Still, he thinks it could worth a lot to Exxon than it is as a standalone company. Parsley Energy has a $6.6 billion market cap with holdings in two of the best sub-areas of the Permian Basin, the host said. The independent exploration and production company could be ready to reap the benefits of its investments, he said.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank stocks could rally on the 'slightest' good news in earnings reports, Jim Cramer saysJim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday. Trumps economy just keeps on winning and winning and winning... 🎤 drop Really stepping out on a ledge aren't you?
Source: CNBC - 🏆 12. / 72 Read more »

Cramer's Game Plan: Remember this market 'has no memory' this earnings seasonJim Cramer takes a look at the week ahead as earnings season heats up.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock marketJim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall. Which means they’ll soon tank, given his record.
Source: CNBC - 🏆 12. / 72 Read more »