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%.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.