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Statoil, Petrobras, CNOOC Stocks Are About to Rally

These three huge energy plays are ready to rip higher -- and they're not the ones you're thinking of.

Statoilsto
A major trend reversal in Statoil is clearing the way to upside this summer.

Petrobras (PBR) - Get Petróleo Brasileiro SA Report
A classic double bottom pattern in PBR becomes a buy signal if shares can close above $10.

CNOOC (CEO) - Get CNOOC Ltd. Report
CNOOC's double bottom setup is a buy above the $122 level.

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Jim Cramer and the AAP team know what's causing oil prices to decline, and they're telling their investment club members what to do about Apache (APA) - Get APA Corp. ReportSchlumberger (SLB) - Get Schlumberger NV Report and Cimarex (XEC) - Get Cimarex Energy Co. Report . Get his insights or analysis with a free trial subscription to Action Alerts Plus.

This article was written by a staff member of TheStreet.