- Gain turns to pain for Forest Oil (FST -5.5%), whose big premarket rise is now a sharp decline as analysts say FST failed to receive a premium for its $1B sale of Texas Panhandle assets.
- Stifel Nicolaus says the deal was largely in line with prior transactions at 5.5x EV/T12M EBITDA vs. the corporate average of 5.2x EV/2014 EBITDA or $60K per flowing barrel.
- Jefferies says it’s not clear where growth will come from after the sale, and FST will need to eventually pursue acquisitions to bolster its portfolio.
From other sites
at CNBC.com (Dec 12, 2014)
at Nasdaq.com (Nov 25, 2014)
at MarketWatch.com (Oct 16, 2014)
at MarketWatch.com (May 6, 2014)
at MarketWatch.com (Feb 14, 2014)
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