KEY POINTS
  • CNBC's Jim Cramer said Thursday the rally in oil stocks is likely "far from over."
  • The "Mad Money" host said investors should be willing to own some of the "newly disciplined oil producers," such as Devon Energy.

In this article

CNBC's Jim Cramer on Thursday laid out his favorite oil stocks, suggesting a more disciplined approach to capital spending has hit the industry and makes it possible for shares to keep rallying.

"Now that the oil industry has learned some discipline, I think prices could stay elevated for a long time, which means the rally in the oil stocks is probably — even though it's been amazing this year — far from over," the "Mad Money" host said.

In this article