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Forest Oil Corporation (FST)

- NYSE
FST is defunct.
  • Apr. 5, 2013, 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
  • Apr. 4, 2013, 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.
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  • Feb. 20, 2013, 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.
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  • Feb. 20, 2013, 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)
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  • Feb. 20, 2013, 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
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  • Feb. 19, 2013, 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
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  • Jan. 31, 2013, 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.
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  • Jan. 3, 2013, 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
  • Oct. 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)
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  • Oct. 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
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  • Oct. 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
  • Oct. 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.
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  • Sep. 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!
  • Sep. 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.
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  • Aug. 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!
  • Aug. 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
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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.