The story of Forest Oil Corporation (NYSE:FST) has been long and painful for investors. Ten years ago, on July 30, 2004, the company's shares closed at USD$28.29, and were on a smooth upward trend which became frenetic as the fracking revolution picked up steam. The stock soared to a price of USD$77.97 on July 1, 2008, as the company rode the fracking boom through a binge of expensive drilling and acquisitions. Most recently, Forest Oil's share price has generally fluctuated around USD$2 per share, closing just shy of that mark (at USD$1.97 per share) on August 1, 2014.
The story of Forest Oil is a common one during the U.S. gas and oil fracking boom, during which in...
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