Two seemingly unrelated events in the oil drilling arena may serve to tell investors about where the price of oil is heading. Noble energy (NBL) has paid an undisclosed amount for half of 17 BP leases in the Gulf of Mexico, while Total (TOT) has contracted Ensco (ESV) for a record $650,000 a day deepwater drilling rig for the waters off Angola. Both are making two very clear statements to Senior Energy Contributor Dan Dicker and TheStreet's Action Alerts PLUC co-portfolio manager Link about the opportunities in oil and the likely price trajectory.

More from Video

10 Seconds to Genius: Lowe's New CEO Marvin Ellison

10 Seconds to Genius: Lowe's New CEO Marvin Ellison

10 Seconds To Genius: Facebook

10 Seconds To Genius: Facebook

NYSE's New President: On a Mission to Attract Talent to Wall St.

NYSE's New President: On a Mission to Attract Talent to Wall St.

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer: Schlumberger Predicted the Rise in Oil Prices

Jim Cramer on Zillow's New Business: Buying and Selling Homes

Jim Cramer on Zillow's New Business: Buying and Selling Homes