Josef Schachter, president, Schachter Asset Management

BNN December 19, 2007

TALISMAN ENERGY (NYSE:TLM TSE:TLM): I like this story longer term; it is being hit by weak natural gas prices and cutback in spending. Stock hit high of $22Cdn, we are now under $18Cdn, some tax-loss pressure. Stock is worth $24-28, like their international platform and if we do get consistent natural gas prices in the next two years, this company will be taken over. I think you hold on for 2-3 years and at some point, some major international will be knocking at the door and this company will be taken over.

CANADIAN OIL SANDS (TSE:COS.UN): we like oil, we think prices of oil will firm up and move over $100 this winter. As people realize that OPEC does not have a lot of excess capacity; assumption that OPEC has 4.5 million barrels, we think this is inflated. I think you will see all-time high next year, buy on weakness. It has hiccups just like market and if you see stock anytime in low $30s, be a buyer. When Syncrude and SUNCOR (NYSE:SU TSE:SU) make deal with government to pay more taxes, stock might get hit.

Michael Smedley, Morgan Meaghan & Associates

BNN Dec 12, 2007

OILSANDS QUEST (AMEX: BQI): could be 10 billion oil sands, some critics think that they do not have hard cap over it which some analysts would prefer to have; others think PETROBANK (TSE:PBG) process would be helpful, they are in area; in general estimate of oil sands if they have mine is 1.2 billion barrels. Away from Alberta tax regime.

PENN WEST ENERGY TRUST (NYSE:PWE TSE:PWT.UN): all nonsense about tax-loss selling because everybody has been doing it. You get dividend 6-7%. I would sit tight, nice payout. This is big trust with big tradition, laid by the wayside.