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Cramer: 6 cold stocks about to heat up

"With oil you have to buy the stocks when they're cold," Jim Cramer said. "These are cold as ice."

Just the right time to make a shopping list.

That's because the "Mad Money" host sees catalysts forming. Although they may not be powerful enough to drive the entire sector, Cramer believes they can certainly drive individual shares.

Therefore, in the near-term, Cramer suggests keeping an eye on the following:

Nicholas Eveleigh | Getty Images

Noble Energy: "I don't know if you're following what's going on in Russia and the Ukraine right now, but President Putin is making a power grab that could position him as the ultimate threat to Western Europe. The solution? Noble Energy's Leviathan field off the coast of Israel. It's big enough to feed all of Europe," Cramer said

EOG Resources: Cramer called EOG Resources best of breed. "They're the dominant player in the Eagle Ford and the Bakken shale and yet shares have plummeted from $188 to $165." That's real estate Cramer likes at a price he likes even more.

National Oilwell Varco: "You know I love these break-up stories," Cramer said. "National Oilwell Varco, is splitting into two companies and it remains the technological leader in drilling rigs."

Linn Energy: Cramer likes Linn Energy due to its acquisition of Berry Petroleum. "The SEC issues are in the rearview mirror. Meanwhile it yields 9.6%."

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Exxon Mobil: "This company reported its first real good production growth quarter in ages and I can make a solid case that things will only get better in the future," said Cramer. Plus, now that Berkshire Hathaway has acquired a $3 billion stake in Exxon, it has the Warren Buffett seal of approval

BP: After winning an important appeal that may represent a turning point in the Gulf spill," Cramer said, "I believe BP will now l be viewed simply as an oil company and a darned good one. In fact, it's the cheapest of the majors."

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
NBL
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EOG
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NOV
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LINE
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XOM
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BP.
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