Seeking Alpha
 

Forest Oil Corporation (FST)

- NYSE
FST is defunct.
  • Jul. 18, 2013, 10:36 AM
    Forest Oil (FST +3.5%) is upgraded to Equalweight from Underweight at Morgan Stanley. Analyst Drew Venker says "the unpredictable nature of the divestiture process" makes him uncomfortable taking an Overweight stance ahead of a possible Texas Panhandle asset sale (previous). Venker says $750M in proceeds from a potential sale implies "fair value based on [an] NAV analysis." Others have the deal bringing between $900M-1B.
    | 1 Comment
  • Jul. 16, 2013, 1:17 PM
    Forest Oil (FST +10.5%) logs double-digit gains after yesterday's strong session, bringing the two-day rally to 16% as investors cheer the company's plans to divest assets in the Texas Panhandle. Simmons & Co. believes proceeds from a potential sale could come in at around $1.06B, while Baird says a deal could bring in between $900M-1B, according to TheStreet. For its part, Zeits Energy Analytics says only an offer above $1.5B would "justify FST's stock price."
    | Comment!
  • Jul. 16, 2013, 12:41 PM
    Midday top 10 gainers: SHFL +22%. SOL +20%. ESMC +19%. NYMX +15%. NTLS +15%. DRAM +14%. FST +12%. STP +11%. EPZM +11%. LDK +9%.
    Midday top 10 Losers: JOEZ -22%. BBGI -19%. HSII -16%. KOOL -16%. ADUS -14%. HGSH -12%. STMP -11%. XONE -10%. LQDT -9%. ENG -9%.
    | Comment!
  • Jul. 15, 2013, 7:15 AM
    Forest Oil (FST) announces its intent to sell its oil and gas assets in the Texas Panhandle and has retained JPMorgan to assist. The decision was made after receiving a good deal of unsolicited interest in the properties, says the company. Any proceeds will be used to pay off debt. (PR)
    | Comment!
  • Jun. 20, 2013, 5:32 PM
    News Corp. (NWSA) will replace Apollo Group (APOL) in the S&P 500. APOL is replacing Forest Oil (FST)in the S&P MidCap 400, and FST will replace Enzo Biochem (ENZ) in the S&P SmallCap 600 after the close of trading on Friday, June 28.
    | Comment!
  • Jun. 11, 2013, 4:25 PM
    Standard & Poor's cuts its outlook on Forest Oil (FST) to negative from stable to reflect the potential for the energy E&P company's liquidity and leverage ratios could weaken without a meaningful increase in crude oil production. S&P says FST's transition to crude oil from natural gas has been slower than expected, resulting in weak profitability and credit protection measures. FST's corporate credit rating stays at B+.
    | Comment!
  • May 30, 2013, 6:48 PM
    Forest Oil's (FST) credit rating is downgraded by Moody's, which notes that asset sales have reduced debt but have further reduced its production and reserves, which will make it hard for FST to keep reducing its leverage. The new rating of B2, down from B1, is five notches into junk status; the outlook is maintained at negative.
    | 1 Comment
  • May 10, 2013, 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!
  • May 6, 2013, 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!
  • May 6, 2013, 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!
  • May 5, 2013, 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!
  • Apr. 19, 2013, 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!
  • Apr. 15, 2013, 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
  • Apr. 12, 2013, 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
  • Apr. 12, 2013, 9:10 AM
    Premarket gainers: FST +12%. IOC +8%. WLT +7%. ASH +5%.
    Losers: INFY -18%. HIMX -9%. MNKD -8%.
    | Comment!
  • Apr. 12, 2013, 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!
Visit Seeking Alpha's
Company Description
Forest Oil Corp is an independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids in North America.