Forest Oil Corp (NYSE:FST)
CAPS Rating:
An independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.
An independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.
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Recs
Domestic exploration and production picking up. Natural gas futures up 30% - and oil futures up 40% - in 2Q 2008 alone. Strong energy play with lots of room to grow, so long as the company manages risks aggressively. Outperform 3Y.
http://en.wikipedia.org/wiki/Image:EIA2007_f4.jpg
------------Reuters, 09 July 2008 --------
"During the quarter that closed June 30, crude oil futures climbed nearly 40 percent, while natural gas futures rose nearly 30 percent. Those gains helped to fatten energy companies' bottom lines.
""Higher oil prices have led to higher earnings for many companies," Tim Gaumer, director of fundamental research for StarMine in San Francisco, said. "For the current quarter, I see positive earnings revisions in only one sector, and that's energy.""
http://www.reuters.com/article/GCA-Oil/idUSN0942856620080709