Forest Oil Corporation (Forest) is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America. Forest's total estimated proved reserves as of December 31, 2009, were approximately 2,121 billion cubic feet equivalent. At December 31, 2009, approximately 83% of Forest's estimated proved oil and gas reserves were in the United States, approximately 15% were in Canada, and approximately 2% were in Italy. The Company owns and operates producing oil and gas properties throughout North America. At December 31, 2009, Forest had three geographical business segments: United States, Canada, and International. During the year ended December 31, 2009, the Company sold all of its oil and gas properties located in Permian Basin in West Texas and New Mexico, as well as other non-core oil and gas properties in the United States and Canada.
Financial Summary - Last Updated 08/10/10
BRIEF: For the six months ended 30 June 2010, Forest Oil Corporation's revenues increased 14% to $430M. Net income totaled $142.4M vs. a loss of $1.14B. Revenues reflect higher income from oil & gas. Net income also reflects lower lease operating expenses, lower depreciation, depletion & amortization, absence of write down of oil & gas properties, decreased interest expenses and a fall in other expenses.
Previous Two SEC Filings
Fiscal Dt
Fiscal Year
Q
First Updated
06/30/10
2010
2
08/07/10
03/31/10
2010
1
05/08/10
Pricing Data
52 Week Change
+79.49%
52 Week Change Relative to SP500
+73.15%
52 Week High
$32.81
Last Close
$28.27
52 Week Low
$15.34
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vs. the 52Wk Low. 100% indicates a new high, and 0% a new low.
