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Filed under: PetroChina Co Ltd ADR (PTR), Stocks to Buy

"We sense a turn for the better coming in the oil sector," says Peter Way who tracks 'big money' investors for his Block Trader Oil & Gas Report. Here's his look at the "big block" traders.

"When we use the hedging analysis employed in our stock price forecasts, there are significant differences between some adjacent futures expirations. Here's the current picture:

"Front month (November) hedging suggests likely near-term higher prices. But the December contracts are likely to continue the past 3-month price decline - briefly.

By Jennifer Yousfi

With oil down more than 20% from its record high, Canadian energy stocks have been beaten down to more affordable levels. But as concerns over demand and refining margins grow, it can be hard to determine which Canadian energy stocks are still viable profit plays.

Talisman dropped from $23 range to $18-$20 range when the sub-prime mortgage crisis hit the market and the acquisition premium disappears.

According to some analyst, the company can be sold at $23-$27 if it is taken over by another company. While the sentiment of the market towards the stock changed, the fundamentals of Talisman did not.