Thursday, June 10, 2010

Nat Gas update: FST

Forest Oil Corp.
Thursday, June 3, 2 pm Eastern: 27.22
Thursday, June 10, close: 31.14
Gain: +14.4%
Candlestick analysis: "Buy Confirmed" today at 30.20 (American Bulls)
Summary: Similar to Chesapeake Energy in this sense — numbers are solid with just one flaw, big debt. FST has $1.87 billion in debt. Revs are $794 million annually. If the market holds up for bulls, FST is on the verge of a breakout. Until then, FST looks overextended. 

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