Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Forest Oil
So what: Yesterday, Forest Oil shares followed the entire oil and gas sector south, but today investors got some good news. Canaccord Genuity upgraded shares from hold to buy this morning, giving a short-lived boost to shares.
Now what: As usual, the market cared about the upgrade for a moment, but the momentum didn't last. Shares are now up just 5% on the day, but that's still better than explorers and producers like Kodiak Oil & Gas
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