Forest Oil Corporation (FST) $21.95 +0.23%
Forest Oil (FST) is up a penny to $21.91 and bullish flow is detected, for a second day. Buyers of Oct 22.5 calls surfaced early Monday. Today, the focus is on Oct 22.5 and Feb 20 calls. The top trade is a lot of 432 Feb 20s for $4.00 on the ISE, an opening customer buyer, according to sentiment data. 1,145 calls traded today on the ISE (or 77 percent of the activity) are opening customer buyers. Stifel Nicolaus initiated the Denver-based oil and gas company with a Buy rating yesterday. FST also announced Monday that its bank group reaffirmed its borrowng base related to credit maturing in June 2012. Implied vols (average) are around 62 (+1).
Category: All Stocks, Mid Cap Stocks, Oil & Gas Producers
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
