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More on Forest Oil's (FST) Q4 results: $286M loss included a non-cash ceiling test writedown of...

More on Forest Oil's (FST) Q4 results: $286M loss included a non-cash ceiling test writedown of $279M and debt extinguishment costs of $36M. Average net sales volumes fell 10% Y/Y at 309M cfe/day. Announces 2013 capital budget of $355M-$375M; expects 2013 net sales volumes to average 220M-230M cfe/day, comprised of 60% natural gas and 40% liquids.
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