Jim Cramer's Stop Trading! Drill Kit

Late-cycle drillers like National Oilwell Varco(NOV Quote) remain a good bet in the current energy market, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.

"Late-cycle drillers benefit the most from the rig shortage," Cramer said. National Oilwell is "snapping back better than anyone except Schlumberger(SLB Quote). They should be in your shopping basket."

Ahead of Thursday's same-store sales deluge, Cramer said he isn't concerned about department stores. "Federated(FD Quote) is going to have a real good quarter," he said. "They'll go back to J.C. Penney(JCP Quote). I'm not concerned about that group."

Cramer said concerns that mines owned by Crystallex(KRY Quote) and Apex Silver Mines(SIL Quote) will be nationalized in Bolivia seem overblown. Regarding South American governments, Cramer said: "These guys need the investment of capitalists. They are what I call faux-Communists."

Cramer mentioned Coeur d'Alene Mines(CDE Quote) as another solid name in the space.

Cramer defended Exxon Mobil(XOM Quote) and CEO Rex Tillerson from accusations of greed. "These companies are run for their shareholders," Cramer said. "The last I looked they're not the United Way. When oil was at 20 bucks these guys were bleeding from their eyeballs."