Forest shows loss for quarter; Enron adjustments hurt resultsCompany is betting heavily on Cook Inlet properties, expected to consume half its capital budget of $250 million to $350 million for 2002 Allen Baker PNA Contributing Writer
Forest Oil Corp. showed a loss of $29.7 for the fourth quarter as writeoffs including $10.5 million related to Enron hurt results. That compared to a $55.5 million profit a year earlier.
For the year, Denver-based Forest earned $103.7 million, a decline of 21 percent from the 2000 figure.
Forest set....
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Emphasis on Redoubt Shoal Alaska is 16 percent of Forest’s production
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