Billionaire Steve Cohen Bet Big On This Energy Stock
Billionaire Steve Cohen's SAC Capital Advisors owns nearly 10% of Forest Oil (FST) after reporting in a recent 13G filed with the SEC that it had increased its position to 11.6 million shares. This is up from 6.4 million shares in the middle of September.
Forest Oil is an $820 million market cap oil and gas exploration and production company; on average, more than 3 million shares are traded per day and so we would consider it to have plenty of liquidity. The stock is down 47% in the last year....578 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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