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Coterra CEO Tom Jordan told CNBC's Jim Cramer on Monday how the oil and gas company deals with unpredictable commodity pricing, emphasizing the "flexibility" of its assets. The price of natural gas has been volatile over the past few months, and in February it hit its lowest level since 2020. But Jordan said Coterra is able to project stable revenue and cash flow because of its "asset quality" and "organization." Coterra announced during its most recent earnings report it would cut back its natural gas production and instead invest more heavily in oil. However, Jordan said the company is "well-positioned" and has plans in place to increase natural gas production if necessary.
Persons: Tom Jordan, CNBC's Jim Cramer, Jordan, Coterra
In the years that followed, male athletes treated their first sub-four-minute mile as a watershed moment – a rite of passage on the way to becoming a top middle-distance runner. “Back then, getting under that four-minute mile was a big thing, especially for milers,” he added. Edmund Hilary and Sherpa Tenzing Norgay had become the first people to summit the world’s highest peak the year before, and the first four-minute mile duly became running’s own Everest summit, expanding perceptions of human potential. Wes Santee, seen here competing in a three-mile cross-country race, came close to running a sub-four-minute mile during his career. “It still has some mystique,” Magness says about the status of the four-minute mile today.
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