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Forest Oil AO Message Board

  • iitriumvirate iitriumvirate Jul 18, 2013 2:27 PM Flag

    FST going much higher and these levels will never be seen again

    Buy all that you can!!!

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    • I really wouldn't be surprised if we get a bump back into the mid $6 ballpark when the second quarter earnings come out. I think what will drive it is the Eagle Ford results. I think we'll see a pretty high second quarter production exit rate. Hopefully we also see them getting close to $6 million D&C costs and substantiation of a 300,000 EUR.

      Following that, the next significant driver will be the announcement on the sales price of these Panhandle assets. Anything about $900 million should be considered a strong positive. I think they finish the year out back in the $7-$8 range.

      Sentiment: Buy

 
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