Forest Oil (FST -6.5%) slumps after providing announcing Q2 sales volumes and issuing 2H...
Tuesday, July 10, 2012, 10:47 AM ETForest Oil (FST -6.5%) slumps after providing announcing Q2 sales volumes and issuing 2H production and capex guidance. 2H net sales volumes are expected to decline 2%-5%, as declining natural gas production offsets increasing crude production. Capex is expected to drop 52%-56% to $190M-$210M, as Forest dials back its Eagle Ford shale investments. RBC is downgrading shares to Sector Perform in response. (PR)
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