Tue, Sep 16, 2014, 5:19 PM EDT - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Forest Oil Corporation Message Board

  • boiler_room_bermuda boiler_room_bermuda Apr 3, 2013 1:56 PM Flag

    book value and net tangible assets are negative numbers

    Is there any intelligents life on this board that supports the stock with compelling rationale ?
    I ask ya ?!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Intelligent but not wise in hindsight with regard to this investment.

      Here's some rough numbers I quickly gathered.

      Revenue: "Forest expects 2013 net sales volumes to average 220 to 230 MMcfe/d, excluding average net sales volumes associated with the South Texas property divestiture that closed on February 15, 2013, and is estimated to be comprised of approximately 60% natural gas and 40% liquids (20% oil and 20% natural gas liquids)" Translation to dollars?

      Total Capital Budget of $355 Million to $375 Million

      Estimated proven reserves as of Dec 12: 1,363 Bcfe

      Net debt: $1,863,956,000

      Bottom line: Perceived positive earnings with increasing weighting towards liquids. Very high debt levels but perceived solid access to capital markets.

      Honestly, I'm not keen on a negative book value (seemed to appear after latest quarter reports).

      Sentiment: Hold

1.49-0.02(-1.32%)Sep 16 4:01 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.