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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