Sabine Oil & Gas Corporation (NYSE:FST)

CAPS Rating: 3 out of 5

An independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.

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Player Avatar TMFDeej (99.25) Submitted: 12/23/2010 11:59:31 AM : Outperform Start Price: $36.64 FST Score: -68.56

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

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