Nat Gas Will Thrive in the Pricey-Oil World

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Is it too much to say "keep buying Nabors (NBR - commentary - Cramer's Take)?" Or "Halliburton (HAL - commentary - Cramer's Take) works higher if it gets hit on this bid?"

Probably not. Because these stocks will still react to higher prices with higher earnings estimates, and I believe that those increases will propel these stocks even higher.

The history of the land drillers is one of huge moves every time we get a big increase in drilling, and we have some huge finds that aren't so deep -- South Dakota and Pennsylvania could be gigantic -- so they are going to have multiyear price increases once the inventory is worked off.

A year ago, no one was talking about natural gas because there simply was no incentive to drill or even find the stuff. That's all changed. The world seems to have gone from big surplus to big deficit, and we know that the stuff can much more easily be adapted to both home and office heating and, yes, cars.

Of course, the big drawback is political -- the fuel has no support, despite its cleanliness and easy accessibility. This is inexplicable.

But there is hope.

Nabors and HAL are without a doubt the best way to play it, the former remaining the coiled spring of the group.

Who says at these levels there is nothing left to buy?

At the time of publication, Cramer had no positions in the stocks mentioned.

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