Forest Oil makes deep cut to Canadian spending for 2002Chairman warns that price cycles make the difference between winners and losers, but company continues to build acreage in Foothills region Gary Park PNA Canadian Correspondent
Forest Oil Corp. is the latest U.S. operator in Canada to slash its capital budget, driven by worries about the outlook for oil and gas prices. One of the key players in the frontiers of British Columbia and the Northwest Territories, Forest announced its Canadian spending in 2002 will drop to US$20....
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