The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By David Sterman
But investors who bought the parent of the spin-off when the deal was completed on Oct. 3, 2011, are glad to have waited. Since then, shares of Forest Oil have moved up from $9 to a recent $14. (Shares dropped from $15 to $9 in early October when the spin-off took effect, pushing shares up to an equivalent of $20 when the value of the spin-off is included).
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