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Cramer Says Ethanol Stocks are Done

June 14th, 2006 by Grant in: Investing
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CornJim Cramer turned surprisingly bearish on ethanol stocks today, and for good reason.  He indicated that the fad is starting to come full circle on the new fuel replacement stocks.

Ethanol is becoming more and more speculative which doesn’t bode well for the ethanol IPO’s that are already in the pipeline.

The natural gas producers should be heating up (pardon the pun), after all, it’s open season on hurricanes, and the forcast for heat in the midwest will cause natural gas burning power plants to run around the clock this summer.

Cheasapeake (CHK) is starting to look attractive again (CEO Aubrey McClendon just bought $11.9 million worth), and there may be others to watch too, like Devon Energy (DVN) and Petrohawk (HAWK).


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