Lone Pine Resources

Goldman Sachs, which lowered its PT on shares of Forest Oil Corp. (NYSE: FST), is providing some color on the stock. “Forest and Canada subsidiary Lone Pine Resources announced guidance for 2Q 2011 and 2H 2011,” Goldman Sachs writes. “Combined production guidance for FY 2011 was reduced by 8%,...

On May 11, Lone Pine Resources, a subsidiary created by Forest Oil Corp. (NYSE: FST) to hold its Canada assets, announced it has filed an S-1 for an IPO of 15 mn shares of common stock, Goldman Sachs reports. “FST will continue to own 82% of LPR after the offering (excluding an over-allotment...