Oil & Gas Exploration & Production M&A » By The Online Investor Staff, updated Fri., Apr. 26, 12:17 PM
Recent mergers and acquisitions in the Oil & Gas Exploration & Production M&A category.
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Slide #3. Sabine Oil & Gas — Forest Oil
Acquirer:
Sabine Oil & Gas
Acquiree:
Forest Oil (FST)
Details:
Sabine Oil & Gas LLC ("Sabine") and Forest Oil Corporation (NYSE:FST) ("Forest"), today announced the signing of a definitive merger agreement under which Sabine and Forest will combine their businesses in an all-stock transaction. Sabine and Forest's highly complementary asset portfolios will create one of the industry's largest East Texas players, benefiting from drilling program optimization and economies of scale. The combination is also strengthened by a sizable collective Eagle Ford position, as well as Granite Wash, Permian and Arkoma positions that provide optionality for development and monetization.
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Avg. Broker Rec.
 
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Hold (1.67 out of 4) 59th percentile
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