Lone Pine Resources (LPR) IPO Trades Lower
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The IPO for Lone Pine Resources Inc. (NYSE: LPR) is open for trading. Shares are trading at $12.30 after pricing 15 million shares for $13 each, below the expected $18-$20 range.
The offering was offered through J.P. Morgan, Credit Suisse, TD Securities, BMO Capital Markets, Scotia Capital, Wells Fargo Securities, CIBC, RBC Capital Markets, BNP PARIBAS, Howard Weil Incorporated, Johnson Rice & Company L.L.C., Raymond James, and Tudor, Pickering, Holt & Co.
Lone Pine Resources is an independent oil and gas exploration, development, and production company with operations in Canada within the provinces of Alberta, British Columbia, and Quebec and the Northwest Territories. Lone Pine Resources Inc. is currently a wholly-owned subsidiary of Forest Oil Corporation (NYSE: FST).
The offering was offered through J.P. Morgan, Credit Suisse, TD Securities, BMO Capital Markets, Scotia Capital, Wells Fargo Securities, CIBC, RBC Capital Markets, BNP PARIBAS, Howard Weil Incorporated, Johnson Rice & Company L.L.C., Raymond James, and Tudor, Pickering, Holt & Co.
Lone Pine Resources is an independent oil and gas exploration, development, and production company with operations in Canada within the provinces of Alberta, British Columbia, and Quebec and the Northwest Territories. Lone Pine Resources Inc. is currently a wholly-owned subsidiary of Forest Oil Corporation (NYSE: FST).
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Credit Suisse, JPMorgan, Raymond James, CIBC, BMO Capital, RBC Capital, Johnson Rice, Wells FargoSign up for StreetInsider Free!
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