Are LinnCo LLC (LNCO), Bill Barrett Corporation (BBG), and Forest Oil Corporation (FSTO) On A Course For Rock Bottom?
New York, NY – GDP INSIDER – 12/19/2014.
This investment analysis article discusses three companies: LinnCo LLC(NASDAQ:LNCO), Bill Barrett Corporation(NYSE:BBG), and Forest Oil Corporation(OTCMKTS:FSTO)
LinnCo LLC(NASDAQ:LNCO) announced on Dec. 15th that it had closed its previously announced sale of its Granite Wash and Cleveland plays. These properties are located in the Texas Panhandle and western Oklahoma. The contract price of the deal is worth $1.95 billion. The stock has traded within a range of $8.58 to $33.12 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $11.26 after a 7.63% loss of ninety-three cents. These figures indicate that LinnCo is on the decline.
Bill Barrett Corporation(NYSE:BBG) recently attended several investor events. N Dec. 10th, the company’s CEO and President, Scot Woodall, presented the Wells Fargo 2014 Energy Symposium. On Dec. 11th, he also presented at the Capital One Securities 9th Annual Energy Conference. The company had a high trading volume of 2.4 million yesterday, which is 0.48 million greater than its three month average volume of 1.92 million. Bill Barrett Corp. also has an earnings per share (TTM) of $-1.69, which could scare off potential investors.
Forest Oil Corporation(OTCMKTS:FSTO) has traded within a range of $0.17 to $3.90 over the past 52 weeks. The stock finished yesterday’s trading at a closing price of $0.216 after a 2.86% boost of $0.006. Despite yesterday’s menial increase in value, Forest Oil Corporation appears to be on the decline. The company had a high trading volume of 14.54 million yesterday, which is 10.91 million greater than its three month average volume of 3.63 million.
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