Forest Oil Corp. (FST) announced after the close Monday that it entered into a definitive agreement to sell the remainder of its Permian Basin properties in West Texas and New Mexico to SandRidge Exploration and Production LLC, a wholly owned subsidiary of SandRidge Energy Inc. (SD), for approximately $800 million. The transaction is expected to close on or before December 31, 2009.
Forest Oil Corp. dipped slightly late Monday morning and finished down by 0.18 at $18.32. The stock closed near the middle of a week and a half long range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.