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Business Wire (May 6, 2013)
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Business Wire (Apr 18, 2013)
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Forest Oil: Not Every Energy Firm Is Trumping EstimatesZacks Investment Research • Mon, May 17, 2010
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Forest Oil's CEO Discusses Q4 2011 Results - Earnings Call TranscriptWed, Feb 22, 2012
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Forest Oil's CEO Discusses Q4 2010 Results - Earnings Call TranscriptTue, Feb 22, 2011
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Forest Oil Q1 2010 Earnings Call TranscriptWed, May 5, 2010
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Forest Oil Corporation Q4 2009 Earnings Call TranscriptTue, Feb 23, 2010
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Forest Oil Corp. Q3 2009 Earnings Call TranscriptTue, Nov 3, 2009
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Forest Oil Corp. Q2 2009 Earnings Call TranscriptTue, Aug 4, 2009
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Forest Oil Corp. Q1 2009 Earnings Call TranscriptTue, May 5, 2009
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Forest Oil Corporation Q4 2008 Earnings Call TranscriptTue, Feb 24, 2009
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Forest Oil Corp. Q3 2008 Earnings Call TranscriptTue, Nov 4, 2008
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Forest Oil Corp. Q2 2008 Earnings Call TranscriptWed, Aug 6, 2008
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Forest Oil Corp. Q1 2008 Earnings Call TranscriptTue, May 6, 2008
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Business Wire (May 6, 2013)
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Business Wire (Apr 18, 2013)
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at MarketWatch.com (Apr 12, 2013)
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Business Wire (Apr 12, 2013)
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Business Wire (Apr 12, 2013)
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Business Wire (Feb 20, 2013)
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Business Wire (Feb 20, 2013)
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Business Wire (Feb 15, 2013)
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at CNBC.com (Feb 7, 2013)
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Business Wire (Jan 31, 2013)
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Business Wire (Jan 3, 2013)
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at CNBC.com (Nov 21, 2012)
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Business Wire (Oct 29, 2012)
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Business Wire (Oct 23, 2012)
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Business Wire (Oct 12, 2012)
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Business Wire (Oct 9, 2012)
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Business Wire (Oct 1, 2012)
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Business Wire (Sep 12, 2012)
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Business Wire (Sep 12, 2012)
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Business Wire (Sep 12, 2012)
FST vs. ETF Alternatives
Company Description
Forest Oil Corporation ("Forest") is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America. Forest was incorporated in New York in 1924, as the successor to a company formed... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, January 3, 7:30 AM Forest Oil (FST) continues to deleverage, announcing the sale of all of its South Texas properties - excluding those in the Eagle Ford shale - for after-tax proceeds of $325M. The money will be used to pay down debt. The properties generated about $60M of lease-level income in 2012. (PR) 1 Comment [Energy]
- Monday, October 29, 2012, 5:21 PM Forest Oil (FST): Q3 EPS of $0.10 beats by $0.01. Revenue of $156M (-10% Y/Y) misses by $8M. (PR) Comment! [Earnings, Energy]
- Monday, October 29, 2012, 12:10 AM Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO Comment! [Earnings]
- Sunday, October 28, 2012, 5:35 PM Notable earnings after Monday’s close: AGNC, APC, ARCT, AUY, BIDU, CRUS, FLS, FMC, FST, GEOY, HLF, HTZ, LEG, LIFE, MAS, MNKD, OII, PMCS, SCCO, VRTX, XCO 1 Comment [Earnings]
- Friday, October 12, 2012, 8:25 AM Forest Oil (FST) +3.6% premarket after it agrees to sell all its properties located in south Louisiana for ~$220M. The properties produced 20 MMcfe/d during Q3 and had estimated proved reserves of 45 Bcfe as of Dec. 31. Upon closing of the transaction, FST intends to update 2012 guidance. Comment! [Energy, On the Move]
- Friday, September 14, 2012, 5:05 PM Forest Oil (FST) +1.5% AH after Steve Cohen's SAC Capital hedge fund discloses a passive 5.41% stake in the company. The 6.39M-share position is a huge boost over the 11,600 shares the fund held as of June 30. Comment! [Energy]
- Wednesday, September 12, 2012, 8:13 AM Forest Oil (FST) names Patrick McDonald as President and CEO effective immediately; he had been serving on an interim basis since June. FST raises expected H2 net sales volumes by 3% to average ~330-340 MMcfe/day (66% natural gas and 34% oil and natural gas liquids). Shares -0.3% premarket. Comment! [Energy]
- Monday, August 20, 2012, 1:35 PM According to industry insiders, Forest Oil (FST -2.9%) has been approached by multiple potential buyers in recent months, but the company's board didn't express any real interest in selling the company. It should be noted however, that the approaches were made prior to the firing of CEO H. Craig Clark in June and since his departure. The stock spiked on Friday over takeover speculation. Comment! [Energy, M&A]
- Friday, August 17, 2012, 3:18 PM Forest Oil's (FST +4.4%) spike in the past hour is attributed to speculation of potential takeover interest. The exploration and production company has been [[plagued]] by a string of earnings and revenue misses, plus defections of top management. 1 Comment [Energy, M&A, On the Move]
- Monday, July 30, 2012, 4:51 PM Forest Oil (FST): Q2 EPS of $0.06 in-line. Revenue of $135.7M (-27.4% Y/Y) misses by $23M. (PR) Comment! [Earnings, Energy]
- Tuesday, July 10, 2012, 10:47 AM Forest 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) 2 Comments [Energy, On the Move]
- Monday, July 2, 2012, 1:01 PM WPX Energy (WPX -4%) weighs on the energy sector, as Barclays downgrades shares and cuts its price target to $19 from $24. The firm also cuts Devon Energy (DVN) and Forest Oil (FST) to Equal Weight, lowers Ultra Petroleum (UPL), Quicksilver (KWK) and Penn Virginia (PVA) to Underweight, and upgrades Pioneer Natural (PXD) and Concho (CXO) to Overweight. 1 Comment [Energy, Quick Ideas]
- Monday, July 2, 2012, 11:51 AM Forest Oil (FST -6.8%) is downgraded to Hold from Buy at Stifel Nicolaus, based on concern about FST's ability to turn itself around. The firm sees downside to $5/share, citing high debt levels, meaningful cash flow outspend, downside risk to 2013 estimates and pricing exposure to natural gas liquids absent a sale of the company or a commodity price recovery. Comment! [Energy, Quick Ideas, On the Move]
- Friday, June 22, 2012, 5:51 PM Forest Oil (FST +7.7%) shares popped after the E&P firm canned its CEO, but analysts worry it won't last as leadership at two of the three C-level posts is now lacking, and there's even doubt FST can remain an independent company. Finding a buyer for a stake in its Eagle Ford fields is critical in paring debt twice FST's market cap and to help pay for drilling. Comment! [Energy]
- Friday, June 22, 2012, 11:29 AM Forest Oil (FST -0.6%), whose stock price has plunged more than 50% YTD, replaces CEO Craig Clark with long-time board member Patrick McDonald on an interim basis. Canaccord says FST's management changes raise doubt on the company's Eagle Ford sales process and business progression. Comment! [Energy]
- Monday, June 18, 2012, 3:54 PM Raymond James downgrades a litany of big energy stocks, believing crude oil prices will average $65/bbl in 2013 as “oil fundamentals have only gotten worse." E&P names reduced: APA, APC, BPZ, CLR, CXO, DNR, EXXI, PXD, QEP, REN, WLL, GDP, KOG, OXY, PQ, SFY, OAS, SM, NOG, BRY, COP, FST, ROSE. 26 Comments [Energy, Commodities, Quick Ideas]
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Ricardo Espinosa: Goddamn that blue ocean strategy has worked wonders for you, good job OM. -
realornot: you know sea/ocean salt is good on your skin. It is no wonder Ocean strategy will keep your stocks portfolio smooth and vibrant!
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FortSumter: Yay! Up 10%. Now I've only got another 90% to go to get back to even. Probably being taking the loss for tax purposes on winners.
LATEST REPLIES
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realornot: thanks for the wuff wuff Alert... they all come with extra fleas that bite your deep!
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Will Erlandson: That reaction was to the stock price. As to the fundamentals, I'm now trying to decide if this is a good place to add, or more downside.
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chuckholladay: All of us who own energy stocks, our butts are puckered for sure today and it may go on for awhile I am afraid. Like riding a rollercoaster. -
briandiplacido: Dirty bastiges! They shook me out @ 6.60. Next time do my standard -1.5% stop; could have bought back and caught bounce.
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losbronces: Its trending down like coal miners...lowest price in at least a decade. -
Bob de'Long: Like Custer and the Alamo, we energy guy are making our last stand.
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OneLongTrade: Well done OM. No harm in taking gains. Wish we kept those DUST puts though, elevator down.
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Bob de'Long
Dumped all my FST at a big % loss (wasn't that much in dollars), and bought more OAS; OAS now one of my permanent stocks. FST never was. - View all 6 replies
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Mercy Jimenez: +Bob since you like WLL see Filloon's response to ? re:why WLL beaten down harder than others in Bakken: http://seekingalpha.com/c/3lddb
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Bob de'Long
FST on skid row. I bought more; this time at $7.99. Fools rush in where wise men fear to thread... - View all 2 replies
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briandiplacido: Yes. MHR also noted to hold its own despite secondary. Negative nellies saying it's going to the 4's, I don't think so.
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Ocean Man: I had sold covered calls (Jan $15) on it for $1.79, just bought 'em back for $0.67. Helps ease the pain a bit. Might do that again next bump
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Bob de'Long
FST taking a beating (-8%) in extended trading on earnings release - very low volume - there's got to be a morning after - View all 1 replies
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