Forest Oil Corp.

Forest Oil reported today that the New York Stock Exchange notified the Company on November 5, 2014 that it has not met the NYSE's continued listing standard that requires a minimum average closing price of $1.00 per share over 30 consecutive trading days. Under NYSE rules, Forest has six months following receipt of the notification to regain [...]

Forest Oil today announced that its shareholders have approved, by majority vote of the outstanding shares of Forest, all of the proposals that were presented with respect to the previously announced business combination transaction with Sabine Oil & Gas LLC at the Company’s special meeting of shareholders held today. Forest will file the voting [...]

Forest Oil today announced that it has entered into a definitive agreement to sell its natural gas properties located in the Arkoma Basin for after-tax cash proceeds of approximately $185 million. The transaction is expected to close on or before December 15, 2014, with an economic effective date of October 1, 2014, and is subject to customary [...]

Forest Oil today announced financial and operational results for the third quarter of 2014. For the three months ended September 30, 2014, Forest reported a net loss of $106 million, or $(0.90) per diluted share, compared to net earnings of $2 million, or $0.02 per diluted share in the third quarter of 2013. Net loss for the third quarter of 2014 [...]

Forest Oil announced today that it will commence mailing definitive proxy materials today in connection with the meeting to Forest shareholders for the purpose of voting on the previously announced business combination transaction between Sabine Oil & Gas LLC and Forest. Today’s action follows completion of the Securities and Exchange Commission [...]

Forest Oil and Sabine Oil & Gas announced today that the proposed business combination transaction between Forest and Sabine continues to progress. Forest has set the date for the special meeting of its shareholders to consider and vote on, among other items, the combination between Forest and Sabine as November 20, 2014, pending completion of the [...]

Forest Oil announced today that management and the company’s independent auditor, Ernst & Young LLP, have completed the incremental procedures that were previously disclosed on August 11, 2014. No restatements to the previously issued financial statements were identified. Forest filed an amended 2013 Annual Report on Form 10-K and amended Quarterly [...]

Forest Oil today announced financial and operational results for the second quarter of 2014. For the three months ended June 30, 2014, Forest reported a net loss of $83 million, or $(0.71) per diluted share, compared to a net loss of $21 million, or $(0.18) per share in the first quarter of 2014. Net loss for the second quarter of 2014 included the [...]

Forest Oil today announced that it has reached an agreement with Sabine Oil & Gas to amend their previously announced merger agreement to protect the interests of their respective shareholders. The revised transaction structure does not change the economic terms of the transaction. Upon completion, current Forest shareholders will own approximately [...]

HOUSTON, June 17, 2014 /PRNewswire/ -- Sabine Oil & Gas LLC ("Sabine") today provided an update on financing arrangements in relation to the proposed business combination transaction with Forest Oil Corp. ("Forest")(NYSE: FST) announced on May 6, 2014.  David Sambrooks, Sabine's Chief Executive Officer, stated, "There was a report yesterday that [...]