We are exiting a position that no longer works in this economic environment

We owned Coterra as a hedge against a spike in energy prices that often is the result of geopolitical turmoil

Higher energy prices are a headwind to companies across sectors because they represent a large — sometimes the largest — input cost

They also mean higher costs for consumers

The only winners are the companies that sell the commodity

A big selling point for Coterra over its peers was its ability to shift resources between crude oil and natural gas depending on the financial file of the each at any given time

However, that has not worked out too well this year as the company had too much natural gas when the market wanted oil, and then too much oil when the market wanted natural gas

Moreover, there is no denying that the price dynamics of energy commodities has been lackluster

As Jim Cramer ed after Coterra's earnings earlier this month : "You can't outrun your commodity, not if both commodities you're in are bad." The situation could get even worse should President Donald Trump use oil sales and a removal of sanctions as an incentive for Russia to end its war in Ukraine

Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio

If Jim has talked a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade

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