Forest Oil (FST +10.5%) logs double-digit gains after yesterday's strong session, bringing the...

|About: Forest Oil Corporation (FST)|By:, SA News Editor

Forest Oil (FST +10.5%) logs double-digit gains after yesterday's strong session, bringing the two-day rally to 16% as investors cheer the company's plans to divest assets in the Texas Panhandle. Simmons & Co. believes proceeds from a potential sale could come in at around $1.06B, while Baird says a deal could bring in between $900M-1B, according to TheStreet. For its part, Zeits Energy Analytics says only an offer above $1.5B would "justify FST's stock price."