Forest Oil Corp (FST)

Upside/downside risk in this stock is very favorable

Allen

looking to make some serious dough on Forest Oil

Trading at 4.5x tangible book with too much debt and severely negative free cash flow. They just finished some gigantic writedowns - more than the current market cap in size. I.e. the CFO basically said: "Hi investors, you know that balance sheet we just published a couple of months ago? You know that book value didn't mean anything, right? We were just pulling your chain!" Over the long term, the market always punishes companies with questionable accounting standards and weak balance sheets.

fransgeraedts

bull

Oil and gas will come back in a mighty way and FST will be very profitable indeed. Good luck and be careful.

i would have loved to have picked this stock at $10-12 but it''s still a steal if you look at the 52 week range. Oil & gas have been pummeled by our depression and low fuel prices of late, but don't expect this situation to last for long. Because worldwide demand will continue to grow and prices will soar just as soon as the economy gets rolling again, so I'm taking advantage of this lull to buy & hold stocks like this winner.

Oil/Gas have nowhere to go but up form here, I believe we've seen the bottom, and now we wait.

The Hainsville and also the Utica shales are going to keep this company growing reserves at an amazing pace.

expensive.

the guys at Janus Midcap Value fund wrote good things about this in their semi-annual report recently. emphasized their cost controls.

Oil will hit $200 a barrel soon.

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

Solid Company. Great Management. Historically stable.

cmon...it oil...lol

Guessing again!

Full Time Employees: 728

BUSINESS SUMMARY
Forest Oil Corporation, an oil and gas company, engages in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America. As of December 31, 2007, the company had approximately 2.1 trillion cubic feet equivalent oil and gas reserves, and owned interests in 458 gross wells containing multiple completions. In addition, it holds interests in various projects located in Italy and South Africa. The company sells natural gas on a month-to-month basis in the spot market under short-term contracts, as well as through a joint venture with other producers, or under direct sales contracts or spot contracts in Canada. The company was founded in 1916 and is based in Denver, Colorado with additional offices in Houston, Texas and Calgary, Canada.

based on bakken holdings, also rated highly across the spectrum.

Rated 4 stars by S&P, B by Charles Schwab, 4 stars by CAPS, and Buy by Market Edge. With that much agreement it has to be a winner!!