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An acquisition of Pioneer Natural Resources could be just as important, if not more, than the deal with Anadarko, Cramer said. It depends on the size of the premium, he added.
CEO Tim Dove has announced that he will leave the office in February, following a disappointing quarter, a decision that Cramer has announced he has not considered. Scott Sheffield, who retired as Chief in 2016, has returned to turn things around.
Cramer said it would not surprise him if he put the company back in shape and put it on sale later. In addition, the stock has not increased 11% after the announcement of the merger of Anardarko without reason, he said.
"Personally, I adore this company." Sheffield made brilliant acquisitions when oil cratered, "Cramer said. "He's a smart guy, a fantastic trader – he'll get the highest price he can imagine when he decides to sell."
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