New Forest Oil head promises changeCost discipline, exploration and acquisitions based on cash flow, order of day, Craig Clark tells analysts Kristen Nelson Petroleum News Editor-in-Chief
Cost discipline is the name of the game at Forest Oil, says Craig Clark, named president and chief executive officer of the company July 31.
The company’s costs have been too high, and its stock price “has been flat — not for two years, not five years, for 10 years,” Clark said at a Lehman Brothers....
[additional news subjects in this story]
Less dependence on frontier exploration Three types of acquisitions planned Alaska, international not profitable
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