Cramer’s Antidote for Market Froth

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If you're looking for an antidote to the potential froth in this market, look no further than these stocks, said Cramer.

The Mad Money host was talking about pipeline master limited partnerships.

"These are some of the best ways to play the North American energy revolution," Cramer said, a theme the Mad Money host has advocated for quite some time.

"Among the pipeline operators, I think Kinder Morgan Energy Partners and Enterprise Products Partners are best of breed," he said.

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Kinder Morgan

"Kinder Morgan is the largest pipeline operator out there, with a bountiful 5.8% yield, and truly fabulous management in the form of CEO Rich Kinder. This company is like a giant toll road that owns more than 73,000 miles of pipe and roughly 180 terminals," Cramer said.

One of the reasons Cramer likes this company involves strategic acquisitions made over the past few years.

"Back in October of 2011, KMP announced it was acquiring El Paso, another pipeline play, which gave them $10 billion worth of interstate nat gas assets. So far the El Paso acquisition has gone extremely well, with the cost savings from the deal exceeded the initial projections," Cramer explained.

In addition Kinder Morgan also acquired Copano.

"The Copano deal gives them much more exposure to natural gas gathering and processing activities in the major shale plays in Texas and Oklahoma," Cramer added. And nat gas could be the energy of the future.

On top of that Cramer's bullish on the forecast.

"Kinder Morgan Partners reported its latest quarter on April 17th and while the results were good, the commentary was even better, with management talking about, "exceptional growth opportunities across all of business segments."

"I started recommending this stock six years ago, in April of 2007; since then Rich Kinder's MLP has given us a 153% return with reinvested dividends, and I think it's far from over."

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Enterprise Products Partners

Like Kinder Morgan, Enterprise Products Partners is also a pipeline operator involved in oil natural gas, nat gas liquids, and refined products.

Cramer praised the management team and said it has 'an excellent track record of executing growth projects and integrating their acquisitions.'

"Enterprise is currently working on roughly $7.5 billion worth of expansion projects, which gives the company a great deal of visibility when it comes to their future growth. They've been aggressive about moving into the major shale plays, like the Eagle Ford, where Enterprise has added $4 billion worth of assets in the last 3 years," he added.

Also, if you're looking for a very steady yield, this company has an appealing history.

"The company has implemented 35 consecutive payout increases; that's the longest history of consecutive distribution growth by any master limited partnership," Cramer said.

Disclosure: On May 16, 2013 Jim Cramer owned Kinder Morgan Energy Partners on behalf of his charitable trust.

Call Cramer: 1-800-743-CNBC

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