Watch for some M&A activity over the next few months if not weeks. Cramer smells deal.
"On Monday we learned that Norway-based Statoil is selling $2.65 billion worth of European properties to build a war chest of $7 billion to find more oil," Cramer said.
That's a lot of cash and Cramer has a few thoughts on where it could be going.
"We know that the company's extremely happy with its purchase of Brigham Exploration two years ago for $4.4 billion to get terrific Bakken shale properties in North Dakota. And Statoil's had a good experience with its joint venture with Chesapeake for a 32.5% interest in the latter's 1.8 million Marcellus shale acres which it paid $3.3 billion for five years ago," Cramer said.
With the newly discovered energy fields in our nation presenting even greater potential for profits – Cramer thinks there's good reason to believe that some if not all of the $7 billion comes here in the form of an acquisition.