Jim Cramer on Excelerate Energy: "I Just Can't Be Excited About It"

Excelerate Energy, Inc. (NYSE:EE) is one of the stocks Jim Cramer put under the spotlight. When a caller expressed worry about the stock, Cramer remarked:

“Yeah, you know, I looked at that. I don’t think you have, I mean, first of all, energy’s in the wrong place to be. But second, that LNG terminal service, I thought it was going to be great because we don’t have real deep water there, but I just feel like, after just reading Rusty Braziel’s stuff, I just can’t be excited about it. I’m sorry, I just can’t be.”

Excelerate Energy, Inc. (NYSE:EE) provides liquefied natural gas solutions, including regasification, infrastructure development, and LNG and natural gas supply. Cramer mentioned the company during the July 28 episode and said:

“Finally, let’s not forget another one that I talked about a lot, which is called Excelerate Energy, and that’s EX not AC. That’s a company that has 11 specialized structures, and they’re called floating storage regasification units. In a nutshell, these things turn LNG back into regular natural gas once it reaches its destination. They are ideal to help countries without significant existing infrastructure accept cargoes, LNG, more quick… I covered Excelerate Energy when it came public just over three years ago, but not much since then, mainly because the stock hasn’t done much since the IPO. But if the EU wants to speed up the process of receiving its agreed-to allocations of liquified natural gas from the United States, then Excelerate’s business could see a really nice bump.”

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Disclosure: None. This article is originally published at Insider Monkey.