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| 24hGold - Noodls |
| OIL Sabine Oil Gas to Continue Creditor Discussions During Grace Period for Interest Payment |
| HOUSTON, April 21, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company") today announced that it has elected to exercise its right to a grace period with respect to a $15.313 million interest payment under its Second Lien Credit Agreement. The interest payment is due April 21, 2015; however, such grace period permits the Company 30 days to make the interest payment before an event of default occurs.
As previously announced, Sabine has retained financial advisors LazardTuesday, April 21, 2015 |
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| 24hGold - Noodls |
| OIL Sabine Oil Gas Announces Delayed Filing Of Form 10-K Hires Advisors To Explore Strategic Alternatives |
| HOUSTON, March 16, 2015 /PRNewswire/ -- Sabine Oil & Gas Corporation (OTCQB:SOGC) ("Sabine") announced today that it will not timely file its Annual Report on Form 10-K, but expects to file by March 31, 2015. Sabine does not intend to host a conference call in connection with the release of its fourth quarter and full year 2014 financial and operating results.
In addition, Sabine announced that it has retained financial advisors Lazard and legal advisors Kirkland & Ellis LLP to advise managemMonday, March 16, 2015 |
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| 24hGold - Noodls |
| OIL Common Stock of Newly Combined Sabine Oil Gas and Forest Oil to Trade on the OTCQB Market Under the New Trading Symbol "FTSO" |
| Common Stock of Newly Combined Sabine Oil & Gas and Forest Oil to Trade on the OTCQB Market Under the New Trading Symbol "FTSO"
HOUSTON, TEXAS- December 17, 2014 - Forest Oil Corporation (OTCQB:FSTO) (which is in the process of changing its name to Sabine Oil & Gas Corporation) announced today that following its recently completed business combination with Sabine Oil & Gas, the common stock of the combined entity will begin trading on the OTCQB marketplace at the open of the market today, DWednesday, December 17, 2014 |
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| 24hGold - Noodls |
| OIL Sabine Oil Gas and Forest Oil Complete All-Stock Business Combination |
| Sabine to own 73.5% of the combined company, as previously announced, with voting power capped at 49.9%
Revised transaction terms require no refinancing of Forest and Sabine outstanding bonds, reducing transaction costs and interest expense by more than $100 million over the next three years
The combined company will have in excess of $480 million of liquidity at closing
Complementary acreage positions create an upstream industry leader in East Texas
HOUSTON, TEXAS and DENVER, COLTuesday, December 16, 2014 |
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| 24hGold - Reuters |
| Energy high-yield to muddle through challenges |
| NEW YORK, Dec 12 (IFR) - The battered US high-yield energy sector will face tough challenges until oil prices stabilize, although fears of a tidal wave of defaults seem to be overdone for now. The collapse in US crude prices to below US$60 a barrel from above US$100 in the summer has spooked holders of US high-yield energy bonds. Spreads have ballooned to 771bp over Treasuries from just 375bp at the end of August, with some 160bp of that widening in the past 10 days, accordinFriday, December 12, 2014 |
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| 24hGold - Yahoo |
| OIL Forest Oil Receives Continued Listing Standards Notice from the NYSE |
| DENVER--(BUSINESS WIRE)-- Forest Oil Corporation (FST) (“Forest” or the “Company”) reported today that the New York Stock Exchange (“NYSE”) 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 compliance with the minimum share price requirement. The Company cTuesday, December 9, 2014 |
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| 24hGold - Yahoo |
| OIL Forest Oil (FST) Shareholders Approve Sabine Oil Merger |
| Denver-based independent oil and gas company, Forest Oil Corporation (FST) announced that its shareholders have approved, by majority vote, its business combination transaction with Sabine Oil & Gas LLC. The transaction is expected to close in Dec 2014. Following the closure of the transaction, Sabine Oil & Gas will become a wholly owned subsidiary of Forest Oil. Also, Sabine Investor Entities will hold common and preferred shares representing an aggregate 73.5% interest in Forest Oil and the exFriday, November 21, 2014 |
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| 24hGold - Noodls |
| OIL Forest Oil Shareholders Approve Business Combination with Sabine Oil Gas |
| DENVER--(BUSINESS WIRE)--Nov. 20, 2014-- Forest Oil Corporation (NYSE:FST) (Forest or the Company) 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 results for each of the proposals with the SEC within four businThursday, November 20, 2014 |
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| 24hGold - Yahoo |
| OIL Forest Oil Shareholders Approve Business Combination with Sabine Oil Gas |
| DENVER--(BUSINESS WIRE)-- Forest Oil Corporation (FST) (Forest or the Company) 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 results for each of the proposals with the Thursday, November 20, 2014 |
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| 24hGold - Yahoo |
| OIL Forest Oil to Divest Arkoma Basin Natural Gas Properties |
| Denver-based independent oil and gas company, Forest Oil Corporation (FST) 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 Dec 15, 2014, with an economic effective date of Oct 1, 2014. The properties produced natural gas of approximately 22 million cubic feet equivalent per day (MMcfe/d) during the third quarter of 2Tuesday, November 18, 2014 |
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| 24hGold - Yahoo |
| OIL 5-year lows: Fuel Systems Solutions Inc, Dawson Geophysical Co, Forest Oil Corp, and Cytori ... |
| Fuel Systems Solutions Inc (FSYS) Reached $9.85The prices of Fuel Systems Solutions Inc (FSYS) shares have declined to $9.85, which is only 6.1% above the 5-year low of $9.25. It is now 82.4% off the 5-year high of $52.53. Fuel Systems Solutions Inc is owned by 2 Gurus we are tracking. Among them, 1 have added to their positions during the past quarter. 1 reduced their positions. Fuel Systems Solutions, Inc., designs, manufactures and supplies alternative fuel components and systems for transporMonday, September 8, 2014 |
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 | The Energy Report |
| Micro-Cap Oil Stocks that Hit the Jackpot: Phil Juskowicz |
| The Energy Report: With oil prices firming up over the past couple of months and the spread between West Texas Intermediate (WTI) and Brent Crude narrowing, what are your price expectations for the remainder of 2013 and into next year? Phil Juskowicz: While I don't spend a lot of time predicting commodity prices, I personally see relatively stable short-term oil prices. Intermediate or long-term prices may weaken, assuming no supply disruptions arise from political upheavals, while gas prices mThursday, August 29, 2013 |
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