Point of View: Forest Oil advances via leadership change, reorganization

Forest Oil Corp. announced an acquisition in early 2005 that would compliment a series of acquisitions and strategic direction that the company has been implemented since late 2003, when the Denver-based independent changed leadership and reorganized its departments."Strategy, the people, and the portfolio are the three biggest things that have changed in the company other than the stock price itself," which was at an 11-year high in March, said Forest Pres. and CEO H. Craig Clark.On Feb. 28, Forest announced plans to purchase a private company whose primary asset is an operated average working interest of 83% in Buffalo Wallow natural gas field in the Texas Panhandle and 33,000 gross acr...

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