Dallas, Texas 01/16/2014 (FINANCIALSTRENDS) – Forest Oil Corporation (NYSE:FST)it appears has fallen off the quarter three earning radar in November last. Moreover, the cost guidance for 2014 too was poor. The company has also seen significant tax-losses. Already, the company has lost profits considering the down side it started in 2013. However in 2014, it is expected to perform better, considering the fact that the company will see a good future through the divestment of its non-core assets as well as lowering its exposure to natural gas sector. The company is also expected to see an increase in the production as well as exposure volume in the oil and liquid sectors.
Zack back’s divesting mantra
Forest Oil Corporation (NYSE:FST) has recently been endorsed by Zack analysts with the major focus coming from the divesting mantra the company has since discussed. The proposal to move away from the properties which are not earning well and are its non-core sector, the company will see an increase in the finances as well as bring in flexibility.
Partnered by Schlumberger
Forest Oil Corporation (NYSE:FST) has also chosen a new partner on the drilling projects, especially in the Eagle Ford division. The strong upside in these units will help the company move into positive drilling. This will largely because of the Schlumberger’s expertise in technical aspects.
Forest Oil Corporation (NYSE:FST) is a US-based oil and gas major which has a major presence in the acquisition and production of natural gas, liquids sector. The company will also be seen on the exploration sector across the North American continent. Begun in 1916, in Denver, ColaradoForest Oil Corporation (NYSE:FST) sees 2,668,966 volume and has a $400.87 million market. It also has a 52 week high of $7.40 and 52 week low of $3.33, besides an EPS of 2.76. The company operates in the Texas Panhandle Area, besides the East Texas and the North Louisiana Area. It also has operations in the Eagle Ford Shale of South Texas.