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 NEW YORK ( StreetAuthority) -- When Forest Oil ( FST) announced in late 2010 that it would spin off its Canadian energy fields in a new company called Lone Pine Resources ( LPR), investors shrugged. 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).
Here are some other stocks that could arguably benefit by unlocking value in their subsidiaries.
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