Seeking Alpha

Forest Oil (FST) +3.6% premarket after it agrees to sell all its properties located in south...

Forest Oil (FST) +3.6% premarket after it agrees to sell all its properties located in south Louisiana for ~$220M. The properties produced 20 MMcfe/d during Q3 and had estimated proved reserves of 45 Bcfe as of Dec. 31. Upon closing of the transaction, FST intends to update 2012 guidance.
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