Forest Oil Shares Plunged: What You Need to Know (FST)

Forest Oil Shares Plunged: What You Need to Know

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Forest Oil (NYSE: FST ) dropped 15% in intraday trading today after it announced disappointing preliminary second-quarter results and 2011 guidance.

So what: The update didn't provide EPS guidance but discussed second-quarter volumes and anticipated second-half volumes and expenses. It was enough information for analysts to dramatically cut their EPS estimates.

Now what: The second quarter marks the seventh earnings disappointment in the last eight quarters. One analyst said flooding in Louisiana, plant downtime in Texas, and the sale of some Texas property were affecting results. The company is in the midst of spinning off its Canadian assets and increasing its oil development efforts, further complicating forecasting.

Interested in more info on Forest Oil? Add it to your watchlist by clicking here.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.