Replies to post #295 on Sabine Oil and Gas Corp fka SOGCQ

[DocLevi]

Even a company that was recently upgraded ( like the only oil stock upgraded ) just announced a stock offering with Goldman Sachs and Citi ... so industry is capital strapped especially when there is so many bargains they would like to grab. CNBC was joking about another big company with 8 billion for acquisitions as to now guessing who they'll buy. lol, now that's putting a tiger in your tank.

I feel MM's are grabbing all they can of Sabine or they're hurting for shares ... BK? Even Goldman would float them if not the market maker (MM). I has to be bondholders for 50.1% of old Forest but as Jacob reported today it was actually Forest buying Sabine (but again NYSE didn't like that either - fees no doubt).

It ended up being a merger with Forest acquiring Sabine, but with Sabine investors maintaining control. The company changed its name to Sabine and chose its headquarters in Houston. http://www.bizjournals.com/houston/blog/drilling-down/2015/03/merged-houston-energy-company-to-fight-default.html?ana=yahoo