Sector Reacts to News of Possible Bid for Range Resources (RRC); Watch Forest Oil (FST), Cabot (COG), More

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Stocks in the Exploration & Production group have trimmed losses following headlines out of DealReporter which suggest a number of potential bidders may have contacted Range Resources (NYSE: RRC).

Shares of Range Resources were down nearly 4 percent ahead of the reports, however are now up more than 5 percent to around $66.58.

Around the sector:

• Forest Oil (NYSE: FST) up 0.7 percent
  
• EQT Corp. (NYSE: EQT) up 0.6 percent
  
• Southwestern Energy (NYSE: SWN) up 0.1 percent
  
• Cabot Oil & Gas (NYSE: COG) up 1.9 percent
  
• Williams Companies (NYSE: WMB) down 1 percent
  
• Chesapeake (NYSE: CHK) down 2.7 percent

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