Cramer's 'Mad Money' Recap: XTO Energy Is Ideal

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In his endless hunt for perfection, Jim Cramer has come across what he believes is the ideal oil stock, he told viewers of his "Mad Money" TV show Thursday.

Most oil companies are imperfect, to say the least, Cramer said. Because big oil companies are not taking advantage of high oil prices and increasing their drilling or finding new resources to exploit, market players are forced to invest in the second- or third-best companies.

For too long, people have settled for oil companies that buy back stock instead of exploiting new properties, he explained. But no more. The "ideal" oil play Cramer said he's found is XTO Energy (XTO).

In fact, Cramer said, echoing Victor Kiam years ago, he likes it so much he bought it for his charitable trust, Action Alerts PLUS.

Now every time investors hear about higher oil and gas prices, instead of complaining, they can do something about it: They can buy XTO, he said. XTO, Cramer said, takes advantage of pricing that is on the move. "It's the perfect oil company," he said.

Cramer highlighted XTO when it was trading at $52 on March 20, and since then it is up 14%. Plus, because of a recent acquisition it made, Cramer said he believes that XTO should be able to deliver double-digit growth for the next four or five years.