Forest Oil Corp (FST)
An independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids primarily in North America.
Recs
ThumperAl
(< 20)
Submitted: 11/11/2009 8:00:04 AM :
Start Price:
$21.78
FST Score:
-13.41
Upside/downside risk in this stock is very favorable
Allen
Recs
ggorlano3
(29.85)
Submitted: 11/4/2009 12:31:30 PM :
Start Price:
$20.53
FST Score:
-12.34
looking to make some serious dough on Forest Oil
Recs
lllchicalll
(78.66)
Submitted: 7/16/2009 3:09:25 AM :
Start Price:
$14.00
FST Score:
+15.90
fransgeraedts
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Recs
smith972
(83.37)
Submitted: 4/16/2009 4:15:19 PM :
Start Price:
$16.36
FST Score:
-13.02
Oil and gas will come back in a mighty way and FST will be very profitable indeed. Good luck and be careful.
Recs
Trimalerus
(99.66)
Submitted: 4/3/2009 2:44:19 AM :
Start Price:
$14.24
FST Score:
-0.88
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.
Recs
HR2Investor
(< 20)
Submitted: 3/9/2009 3:38:40 PM :
Start Price:
$10.49
FST Score:
+15.09
Oil/Gas have nowhere to go but up form here, I believe we've seen the bottom, and now we wait.
Recs
Guin3666
(82.26)
Submitted: 1/13/2009 10:51:11 AM :
Start Price:
$16.86
FST Score:
-16.40
The Hainsville and also the Utica shales are going to keep this company growing reserves at an amazing pace.
Recs
udflyerz
(90.18)
Submitted: 8/5/2008 4:14:15 PM :
Start Price:
$52.35
FST Score:
-53.35
the guys at Janus Midcap Value fund wrote good things about this in their semi-annual report recently. emphasized their cost controls.
Recs
oxsigtech
(< 20)
Submitted: 7/30/2008 6:53:50 PM :
Start Price:
$60.14
FST Score:
-58.50
Oil will hit $200 a barrel soon.
Recs
SapphireSeas
(80.25)
Submitted: 7/14/2008 4:41:33 AM :
Start Price:
$69.94
FST Score:
-64.39
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
Recs
wattse56
(< 20)
Submitted: 7/11/2008 9:57:37 AM :
Start Price:
$70.84
FST Score:
-65.60
Solid Company. Great Management. Historically stable.
Recs
BanesLament
(< 20)
Submitted: 7/6/2008 1:20:53 PM :
Start Price:
$72.01
FST Score:
-64.14
cmon...it oil...lol
Recs
brolandz
(< 20)
Submitted: 7/1/2008 4:22:12 PM :
Start Price:
$76.64
FST Score:
-65.18
Guessing again!
Recs
HendrixGal
(< 20)
Submitted: 5/24/2008 3:24:12 PM :
Start Price:
$65.39
FST Score:
-54.66
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.
Recs
muzzleflash120
(< 20)
Submitted: 5/22/2008 5:16:57 PM :
Start Price:
$67.08
FST Score:
-54.69
based on bakken holdings, also rated highly across the spectrum.
Recs
warrenc2
(< 20)
Submitted: 5/12/2008 4:17:53 PM :
Start Price:
$62.80
FST Score:
-51.90
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!!
Recs
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JohnAljaz
(24.03)
Submitted: 4/24/2008 10:14:35 AM :
Start Price:
$58.62
FST Score:
-51.49
There expansion to other site accross the world, is a strong and bold move from forrest. look for good things
Recs
ValueNAV
(38.75)
Submitted: 4/3/2008 2:43:09 AM :
Start Price:
$54.35
FST Score:
-49.84
I normally like to buy things at a much larger discount than it is currently selling, but this company has a very strong future for a variety of reasons and will not get any cheaper any time soon. Its partner in the recently announced enormous Shale gas discovery has even better stock potential, as discussed below (JUNEX, ticker JNX on the Toronto Stock Exchange). Consequently Junex's stock has been increasing VERY rapidly since yesterday.
1) A day ago, Forest announced a major discovery for 4Tcf of Utica shale gas resource in the Quebec Appalachian basin (St Lawrence Lowland area). This is equivalent to 40% of the Forest's existing resource base!! It is a large under-explored and low cost future growth area, with minimal competition (thus Forest build large land holdings at low cost over the last 2 years; including by farming in on some of Junex's land).
NOTE: Junex is a smaller company that is Forest's partner in the play. Junex leads the Quebec Utica Shale gas play area as Junex has been acquiring a dominant position over the last decade (6 million acres). Junex has almost 3 times the land base and thus 3 times more resource potential than Forest (i.e. 12 Tcf). Unlike Forest, Junex is selling at a deep discount to its shale gas land holding value (i.e. the potential for a multi-Billion dollar market cap that is currently priced at $60MM). The stock price is currently $1.3/share and should be at least $12/share based on how the market priced Forest's portion of the discovery. However Junex's stock has been going up VERY rapidly this past day. My Google post for the stock ticker JNX describes the valuation in depth.
2) Forest has sold off non-core assets like GOM and Alaska. Thus it is very focused on its resource plays.
3) It is a very good acquirer and has bought assets cheaply while subsequently adding enormous value through development.
4) It is a low cost producer and is in top quartile (in fact, despite widespread cost inflation its peers have had, it has kept drilling costs flat; which is an amazing feat).
5) Great metrics:
a) ROIC consistently 7% last 5 years
b) TEV/EBITDA is 8, which is average despite Forest having above avg performance
c) P/E at 24 is acceptable given its growth prospects.
d) NI and EBITDA margins 15% and 70%, respectively, for more than the last 6 years.
e) EPS growth 45%/yr CAGR over the last 5 years
f) debt/cap consistent with peer average at 40%
g) Revenue growth was 32%, EBITDA was 40%
Forest also has a very thorough corporate presentation on their website.
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