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Stock Market & Financial Investment News

News Breaks
January 3, 2013
07:21 EDTFSTForest Oil to Sell South Texas properties for $325M
Forest Oil has entered into a definitive agreement to sell all of its properties located in South Texas, excluding its Eagle Ford Shale oil properties, for after-tax cash proceeds of $325M. The transaction is expected to close on or before February 15, with an effective date of January 1. The properties produced 66 MMcfe/d (86% natural gas) during Q3 2012, had estimated proved reserves of 272 Bcfe (85% natural gas) as of December 31, 2011, and generated approximately $60M of lease-level income during 2012. Forest intends to use the proceeds from this divestiture to pay down debt and retains all of its natural gas hedges.
News For FST From The Last 14 Days
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November 20, 2014
11:10 EDTFSTForest Oil shareholders approve combination with Sabine Oil & Gas
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November 18, 2014
11:19 EDTFSTForest Oil to host special shareholder meeting
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November 17, 2014
18:32 EDTFSTOn The Fly: After Hours Movers
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16:40 EDTFSTForest Oil to sell Arkoma Basin natural gas properties
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November 10, 2014
16:20 EDTFSTForest Oil reports Q3 EPS 0.0c, consensus (5c)
Reports Q3 revenue $62.1M, consensus $67.31M.
15:26 EDTFSTNotable companies reporting after market close
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