Statoil is the sixth largest oil company in Europe, said Cramer, offering everything he likes to see in an oil company, including strong production growth, a high drilling success rate, exposure to higher oil prices and a juicy dividend. Cramer said that Statoil is solid performer on all fronts, with aggressive cost cutting lowering the company's production costs by 25% this year. The company's 4.4% dividend yield may not be as high as others, he said, but the company's cash flows make it a safe bet for investors.

TransCanada is not only the largest natural gas pipeline company in North America, but it's also the largest private power generator in Canada. Cramer said the company makes money on the flow of energy, not the price of energy, making it a stable place to invest. With a 5% dividend yield and over $2.5 billion in cash, Cramer expects TransCanada to be a solid earner with growth to boot. The company is expanding its pipeline operations and its power generation business adds even more stability to an otherwise volatile industry. He expects the company's dividend to rise even higher as the company continues to deliver increased earnings.

CPFL has only 13% marketshare in Brazil, but is among the lowest cost providers of power in the country. It has aggressive expansion plans and a juicy 6.8% dividend yield, he said.

Cemig, Brazil's largest utility in Brazil, is suprisingly shareholder friendly despite being under government control, he said. The company is beginning a re-pricing cycle in 2010, which will reset power generation contracts and likely mean higher rates and more profits for Cemig, he added. The company also sports a 5.9% yield.

Cramer said Andina is a powerhouse in South America, with monopolistic marketshare in the areas it operates. The company commands 67% share in Chile, 51% in neighboring Argentina, and another 57% in Brazil. According to Cramer, his investment thesis for Andina is simple: Normally bottling is a very stable and boring business, but with population booms and economic growth in South American cities, Andina is now a growth story.