Cramer: Best Run Company in Energy

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Energy may remain a tricky sector for some time to come. But Cramer likes this stock, here and now.

And that stock is Kinder Morgan Partners.

"Kinder Morgan Partners is the largest pipeline player out there, with over 73,000 miles of pipe and roughly 180 terminals," Cramer explained.

Initially, your knee-jerk reaction may be to run in the other direction; haven't crude prices fallen sharply?

Of course they have, but in this case running would probably be a mistake. Cramer said the price of crude doesn't really impact this company. "Think of their business as a giant toll road operator," he said. "Kinder Morgan collects fees to transport oil and gas, so it has very little exposure to fluctuations in the spot price of commodities."

And there's another catalyst that Cramer likes. Kinder Morgan is a beneficiary from the newly discovered deposits of oil and gas across the United States. "At a time when we've discovered so much new fuel, their business is a fabulous business to be in," Cramer said.

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Looking at recent earnings, Cramer may be right; business appears to be robust. First-quarter profit more than tripled; net income increased to $783 million from $206 million in the same quarter of 2012.

In addition, Cramer likes the yield. "Kinder Morgan yields well over 5%, that's more than triple the return you'd get from 10-year U.S. Treasurys," he said.

natural gas oil
Roger Milley | E+ | Getty Images

All told, Cramer is a buyer.

"This is the best run company in the industry," Cramer insisted. Therefore, "I think the run could be far from over."

In fact, Kinder Morgan has been among Cramer's favorite energy stocks for quite some time. The stock is up 70% since he first started recommending it back in April of 2007. "However, had you reinvested your distributions, KMP would have given you a 153% return," Cramer added, "that's the power of yield."

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