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Unrest in Nigeria is likely to lead to continued upward pressure on crude oil prices for the foreseeable future, Chris Edmonds, managing principal at Energy Research & Capital Partners and

contributor tells Aaron Task on Monday's

Real Story podcast. "My hunch is there's going to be more, not less violence over this election spat, and that probably has a larger impact of taking more oil off global supply."

Even with oil potentially hitting $70 per barrel in the near term, Edmonds is "modestly defensive" on energy stocks ahead of this week's barrage of key industry reports, including by oil service firms

BJ Services

( BJS),

Smith International

( SII) and

National Oilwell Varco

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, and majors

Exxon Mobil

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"These stocks have had a very good run and expectations are high enough

so the reality may be stocks have run into earnings and may settle back" on the news, he says.

Task's second guest, Options Alert author Steven Smith, addressed a listener's email about holding


( MEDI) options in the wake of news that


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is buying the biotech firm for $58 a share, or more than $15 billion.

Smith says the "carry cost" of holding long-dated MedImmune calls outweighs the potential for "squeezing out another dollar" on the options. "Take the money and run," he said.

In the remainder of the podcast, Task discussed the day's corporate news, including earnings from


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Arch Coal

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, while semiconductor component maker

Applied Micro Circuits


fell into "the Geoff Tate zone" ahead of postclose earnings from

Texas Instruments

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"Texas Instruments could be the cavalry riding to the rescue of the chip sector," Task says in the wake of the chipmaker's

stronger-than-expected results and upbeat guidance.

Finally, Task says Monday's minor setback shows "the bulls remain in charge if 42 Dow points is the most 'profit-taking' that occurs in the wake of last week's big rally."'s

editor-at-large also notes trading was subdued Monday ahead of coming economic news -- including Tuesday's consumer confidence and existing home sales data -- and barrage of earnings news later this week, including results from tech bellwethers


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Apple Computer

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, which rallied Monday after the

San Jose Mercury News

says Steve Jobs is unlikely to face criminal charges over the company's options-backdating scandal.


here to listen to the entire podcast.