Business Services Industry
Forest Oil Corporation Announces Stock Buyback
Business Wire, March 30, 2001
Business Editors
DENVER--(BUSINESS WIRE)--March 30, 2001
Forest Oil Corporation (Forest) (NYSE:FST) announced today that its Board of Directors has approved purchases of the Company's common stock in the open market from time to time, in a total amount not to exceed $30 million, as well as an odd lot purchase program for holders of fewer than 100 shares of the Company's common stock.
Details of the odd lot purchase program, which is expected to commence in mid-year, have not yet been announced.
Forest Oil Corporation is engaged in the exploration, development, acquisition, production and marketing of natural gas and crude oil in North America and selected international locations. Forest's principal reserves and producing properties are located in the United States in the Gulf of Mexico, Louisiana, Texas, Alaska and in Canada in Alberta and the Northwest Territories. Forest's common stock trades on the New York Stock Exchange under the symbol FST.
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