[villagetinker]

The energy company I worked for, PPL (over 40 years), is just getting ready to sell of all of their power plants, becoming strictly a Transmission and Distribution company. During this process I will have me existing PPL stock price reduced, and the equivalent Talon stock to replace the reduced PPL stock.
Now to your question, my initial reaction was to tell my investment advisor to get rid of the Talon ASAP, as these plants have been losing money for the last 2 years. The extended low oil and gas prices will continue to put significant pressure on energy companies, some will profit, some will suffer significant losses. You will need to look very carefully at the basis of the energy stocks, to see the short term (low oil and gas prices), and the long term (eventual rising of oil and gas prices) effects on the expected price of these stocks.
As for me I am still one the fence, I need to look at tax consequences, short and long term outlook for Talon Energy, etc.
Hope this helps, if not it will probably start an interesting discussion.