FST: Forest Oil Corporation Instablogs

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Friday, May 10, 10:35 AM Forest Oil (FST +2.7%) is upgraded to Buy from Hold at Stifel Nicolaus, which calls it "a turnaround stock (higher risk)" where most of the bad news is out of the way. Valuation now looks relatively attractive on a very conservative NAV basis, the firm says, and growth in production and cash flow is set to resume in H2, which should start pushing the stock higher. Comment! [Energy, Quick Ideas, On the Move]
Monday, May 6, 5:21 PM Forest Oil (FST): Q1 EPS of $0.03 beats by $0.01. Revenue of $118.2M misses by $14.68M. (PR) Comment! [Earnings, Breaking News]
Monday, May 6, 12:10 AM Notable earnings after Monday’s close: ALNY, AMTG, APC, ARRY, BSFT, CECO, CHUY, DPM, ENOC, EOG, FSLR, FST, FTR, GDP, GSM, GWAY, HIMX, HOLX, LGCY, MELI, MKTG, MMLP, MR, NOG, NRP, OTTR, PAA, PEGA, PNG, RKUS, SGY, SMG, SNTS, STAG, VNO, WMS Comment! [Earnings]
Sunday, May 5, 5:35 PM Notable earnings after Monday’s close: ALNY, AMTG, APC, ARRY, BSFT, CECO, CHUY, DPM, ENOC, EOG, FSLR, FST, FTR, GDP, GSM, GWAY, HIMX, HOLX, LGCY, MELI, MKTG, MMLP, MR, NOG, NRP, OTTR, PAA, PEGA, PNG, RKUS, SGY, SMG, SNTS, STAG, VNO, WMS Comment! [Earnings]
Friday, April 19, 8:49 AM Lone Pine Resources (LPR) names Tim Granger as President and CEO. Says it drilled eight gross wells, completed nine gross wells and brought onstream nine gross wells, all located at the Evi field in Canada. Borrowing base is revised from the previously available $275M to $185M. Comment! [Energy]
Monday, April 15, 7:00 PM The list of 52-week lows reached today is littered with miners and resource names: ABX, ACI, AG, AKS, ANV, AU, AUQ, AUY, CDE, CLF, CVE, EGO, EXK, EXXI, FCX, FNV, FST, GFI, GG, GOLD, HL, HMY, IAG, IPI, KGC, MHR, MT, MTL, NEM, NFX, NG, NGD, NOG, PAAS, PWE, RGLD, RIC, SA, SAND, SGY, SSRI, SVM, TCK, TGB, TRQ, WLT, WTI, X. 5 Comments [Commodities, Energy]
Friday, April 12, 3:27 PM Schlumberger (SLB -2%) got a great deal on acreage in Texas’ Eagle Ford shale, Jefferies calculates, with an implied valuation of ~$3,300/acre vs. more than $20K/acre in recent Eagle Ford deals by other companies. SLB may not make other similar deals, but the Forest Oil (FST -3.5%) agreement is good "advertising" for its "smarter" approach toward unconventional energy sources. 1 Comment [Energy, On the Move]
Friday, April 12, 9:10 AM Premarket gainers: FST +12%. IOC +8%. WLT +7%. ASH +5%.
Losers: INFY -18%. HIMX -9%. MNKD -8%. Comment! [On the Move]
Friday, April 12, 8:31 AM Forest Oil (FST) +10.9% premarket after it signs an agreement with Schlumberger (SLB) for future development of FST's Eagle Ford Shale acreage in Texas. FST will be the operator of the drilling program; SLB will provide assistance to FST via integrated service offerings and asset management support. Comment! [Energy, On the Move]
Friday, April 5, 11:51 AM A buyer's market in oil and gas assets means companies relying on asset sales to strengthen their balance sheets may have to sell more than they intended or take on expensive financing, Jefferies' analysts say. Among those most exposed to the weakness due to funding shortfalls or levered balance sheets: CHK, FST, NFX, SFY, XCO. 3 Comments [Energy]
Thursday, April 4, 5:32 PM Credit Suisse places Rex Energy (REXX), Range Resources (RRC) and Rosetta Resources (ROSE) at the top of its list of small-to-midsized energy explorers most efficiently running their operations. The firm focuses on three-year recycle ratios of cash flow per unit divided by unit organic finding and development costs. Penn Virginia (PVA) and Forest Oil (FST) screen as less efficient. Comment! [Energy, Quick Ideas]
Wednesday, February 20, 5:07 PM 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. Comment! [Energy, Earnings]
Wednesday, February 20, 4:40 PM Forest Oil (FST): Q4 EPS of $0.14 beats by $0.04. Revenue of $154.9M misses by $8.21M. Shares +1.8% AH. (PR) Comment! [Earnings, Breaking News, On the Move]
Wednesday, February 20, 12:10 AM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Tuesday, February 19, 5:35 PM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Thursday, January 31, 5:22 PM Forest Oil (FST) +1.3% AH as SAC Capital discloses a 9.8% passive stake in the company via an amended 13G filing. Steve Cohen's fund has been steadily adding to its position from a mere 11,600 shares six months ago and a 5.4% stake reported in September. Comment! [Energy]

FST Forest Oil Corporation

FST

Forest Oil Corporation