Forest Oil Corp (NYSE:FST)
CAPS Rating:
An independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.
An independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.
Recs
Forest Oil plans to place all of its Canadian assets into a subsidiary called Lone Pine Resources. It then will have an IPO for 19.9% of Lone Pine and eventually spin-off the rest of it to current Forest shareholders. I like the move.
Also, oil is likely headed higher.
Deej