Forest Oil Corp. (FST) announced its 2010 capital budget and related operational guidance.
For the year ending December 31, 2010, Forest intends to invest between $600 million and $700 million for capital activities, excluding capitalized interest, capitalized stock-based compensation, and asset retirement obligations incurred.
Organic production growth for the fourth quarter of 2010 over the fourth quarter of 2009 is expected to be approximately 10% to 12%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.