Forest Oil Corp. (FST) Reports In-Line Q1 Loss
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May 7, 2014 7:02 AM EDT
Morgan Stanley upgraded Forest Oil (NYSE: FST) from Underweight to Equalweight.
For an analyst ratings summary and ratings history on Forest Oil click here. For more ratings news on Forest Oil click here.
Shares of Forest Oil closed at $2.03 yesterday.
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May 6, 2014 7:39 AM EDT
Sabine Oil & Gas LLC and Forest Oil Corporation (NYSE: FST) announced the signing of a definitive merger agreement under which Sabine and Forest will combine their businesses in an all-stock transaction. Sabine and Forests highly complementary asset portfolios will create one of the industrys largest East Texas players, benefiting from drilling program optimization and economies of scale. The combination is also strengthened by a sizable collective Eagle Ford position, as well as Granite Wash, Permian and Arkoma positions that provide optionality for development and monetization.
Upon completion of the combination transaction, Sabine unit... More
