Current FST Stock Info

This morning, Forest Oil Corp. (ticker: FST) announced the divestiture of 272 Bcfe of proved reserves for $325MM (after tax) to Hilcorp (private).

The transaction metrics were $1.19/Mcfe or approximately $4,924 per flowing Mcfe.  At the close of business on December 28, 2012, FST’s Enterprise Value per Reserves was $1.47/Mcfe and its EV to Trailing 12-Month production valuation was $8,298 Mcfe/d.  Forest Oil has generated a little more than $600MM from asset sales for roughly 88 MMcfe/d of production, or $6,818 per flowing Mcfe/d.

For the tra...

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