When you get a deal like RIG that's tight as a drum that tells you there's plenty of oil capital looking for a home.

There's a ton of bargains. Schlumberger ( SLB) and Ensco ( ESV) are two owned by Action Alerts PLUS. But I think any one of these could do well on the next European-related dip. I put that in because we haven't had one of those dips as of late, but when they occur, they are so devastating that you have to be able plug in something you really want at that moment.

I think the oils and the oil services represent the best buys in this market.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long SLB and ESV.

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