Is this a buying opportunity?

Now that metal stocks and gas/oil stocks have pulled back quite a bit, it may be very tempting to find some value in some of the metal and gas stocks that have been beaten up over the last couple of days with the intent on holding them for the long term.

As the market is still very volatile, I am currently looking into safer and boring stocks that could be good defensive plays instead.

Among the ones I am currently investigating are:

Danier Leather (DL)
Yellow Pages (YLO.un)
Maple Leaf Foods (MFI)
Sterling Shoes (SSI.un)
Arctic Glacier (AG.un)
True Energy (TUI.un)

Of the 6 stocks I am currently studying only one of them is an energy stock. I am currently about 15% weighted to energy/oil and do not really wish to increase my weighting in that sector but True Energy is paying out at an extremely high rate. There is speculation of course that a dividend cut may occur as the price of natural gas approaches $5.

I feel that the stock is already trading as though a distribution cut will happen. The question is how much of a cut will be made (if any)?

I will comment futher on the above stocks in future posts.

As always, please do your own DD. What may appear to be good may be bad to you.