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Chart Industries (Nasdaq: GTLS) is getting a boost today afte CEO Sam Thomas spoke with Jim Cramer Monday night.
Thomas said nat gas has “ballooned” into a global story and some key markets are moving more quickly to adaptation than others. In particular, Thomas noted that China is seeing strong growth due to the low cost and environmental benefits of nat gas.
In the U.S., Thomas noted that the move to energy independence is as strong a factor as the low cost. He noted that industry has moved beyond the “tipping point,” with largely projects now expected to be seen through to completion.
Thomas doesn’t expect that the government will support the nat gas movement, but that is actually a good thing. He commented that pure economics are driving nat gas right now which is the best way to get things done over the long term.
Finally, Thomas said that the U.S. will come out a winner in the nat gas movement, whether its used to power land vehicles like cars and trains, or simply exported to other countries.
Cramer continues to recommend the stock. Shares are up 0.7 percent Tuesday.
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