Replies to post #277 on Sabine Oil and Gas Corp fka SOGCQ

[DocLevi]

Yet cash flow was supposed to be a strong ... I think they are keying off of Forest public info only. We could "shoot the moon" when financials come out

.... Patrick R. McDonald, President and CEO of Forest commented, “We believe that this transaction creates a great opportunity for Forest shareholders to participate in the upside potential gained from a larger and better capitalized entity with a more robust suite of opportunities and a broader portfolio upon which to execute its capital plan and strategy. Forest’s asset portfolio is an excellent complement with Sabine’s asset portfolio and we have confidence that Sabine’s management team is equipped to deliver exceptional shareholder value through the enhanced opportunities that are embedded in Forest’s assets.”

In addition to a top-tier 207,000 net acreage position in East Texas, the combination of assets creates a 65,000 net acreage position in the Eagle Ford. The complementary nature of Sabine’s and Forest’s assets present considerable opportunities to generate savings through operating synergies, benefits of scale, and optimized capital allocation.

The combined company will have estimated proved reserves of 1.5 trillion cubic feet equivalent (71% gas) (as of December 31, 2013), and estimated daily production of 345 million cubic feet equivalent (65% gas) for 2014, giving it a leading position among its peers in production and cash flow growth.... http://www.businesswire.com/news/home/20140506005979/en/Sabine-Oil-Gas-Forest-Oil-Announce-Definitive#.VQZS_eFOnIU

[3-Stooges-Nyuk-Nyuk-Nyuk]

well that sounds ugly...yikes