Last $2.25 USD
Change Today -0.09 / -3.85%
Volume 1.1M
FST On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

forest oil corp (FST) Snapshot

Open
$2.35
Previous Close
$2.34
Day High
$2.35
Day Low
$2.24
52 Week High
09/18/13 - $6.67
52 Week Low
03/14/14 - $1.68
Market Cap
267.8M
Average Volume 10 Days
2.0M
EPS TTM
$-0.20
Shares Outstanding
119.0M
EX-Date
09/3/91
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FOREST OIL CORP (FST)

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forest oil corp (FST) Details

Forest Oil Corporation, an independent oil and gas company, is engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America. As of December 31, 2013, it primarily had interest in 162,000 net acres in the Ark-La-Tex in East Texas, Louisiana, and Arkansas; 24,500 net acres in the Eagle Ford located in Gonzales County in South Texas; and 63,500 net acres in the Permian Basin in West Texas. It also had approximately 625 billion cubic feet equivalent of total estimated proved oil and gas reserves in the United States. The company was founded in 1916 and is headquartered in Denver, Colorado.

363 Employees
Last Reported Date: 02/26/14
Founded in 1916

forest oil corp (FST) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $655.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $437.8K
Senior Vice President of Corporate Engineerin...
Total Annual Compensation: $412.3K
Senior Vice President of Southern Region
Total Annual Compensation: $352.6K
Compensation as of Fiscal Year 2013.

forest oil corp (FST) Key Developments

The Law Office of Robbins Arroyo LLP Announces Class Action Lawsuit against Forest Oil Corporation and Sabine Oil & Gas LLC

Shareholder rights attorneys at Robbins Arroyo LLP announced that the firm filed a class action lawsuit on June 13, 2014, in the U.S. District Court for the District of Colorado, on behalf of the shareholders of Forest Oil Corporation against Forest Oil, its Board of Directors, and Sabine Oil & Gas LLC, for, violations of sections 14(a) and 20(a) of the U.S. Securities and Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 14a-9 promulgated thereunder. The complaint arises out of a May 6, 2014 press release announcing that Forest Oil had entered into a definitive merger agreement with Sabine, pursuant to which Forest Oil shareholders would receive 0.1 shares of Sabine, a privately held company, for each share of Forest Oil owned (proposed transaction). The complaint seeks injunctive relief on behalf of the named plaintiffs and all other similarly situated shareholders of Forest Oil as of May 6, 2014. The named plaintiffs are represented by Robbins Arroyo LLP. The named plaintiffs allege that certain of the defendants, in connection with the Proposed Transaction, breached or aided and abetted the other defendants' breaches of their duties and obligations owed to Forest Oil shareholders. The complaint further alleges that, in an attempt to secure shareholder approval of the proposed transaction, the defendants filed a materially false and misleading registration statement on Form S-4 with the U.S. Securities and Exchange Commission in violation of the Exchange Act and their duties of candor and full disclosure. The omitted and/or misrepresented information is believed to be material to Forest Oil shareholders' ability to make an informed decision whether to approve the Proposed Transaction.

Forest Oil Corporation Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-24-2014 02:30 PM

Forest Oil Corporation Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-24-2014 02:30 PM. Venue: JW Marriott Hotel, 151 W. Adams St, Chicago, Illinois, United States.

Sabine Oil & Gas Seeks Divestment Opportunities

Sabine Oil & Gas LLC signed a definitive merger agreement to acquire Forest Oil Corporation (NYSE:FST) on May 5, 2014. David Sambrooks, Chairman and Chief Executive Officer of Sabine Oil & Gas, says, “Well, we're going to try to hit it as aggressively as we can, as quick as we can. And we admit kind of out of the box that leverage amount is not something we're willing to live with for a long time. So, I think the combination, if you look back at Sabine's historic performance in 2013, we very rapidly de-levered our balance sheet through very focused, optimized capital deployment. We think we have a lot to continue to do on a combined asset on that front, and the other side of it is now we have a much larger, bigger portfolio of opportunities to look at for potential divestment to get some quick hits. So, we're going to try to get down into the low threes as quick as we can.” Sambrooks added, “So, divestments are not a must. They're a to-do if we find that we can find the right price where we can make those divestments accretive to our debt metrics.”

 

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Industry Analysis

FST

Industry Average

Valuation FST Industry Range
Price/Earnings 2.2x
Price/Sales 0.7x
Price/Book 7.5x
Price/Cash Flow 1.0x
TEV/Sales NM Not Meaningful
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