Forest Oil Corporation Valuation Report, Q2 2010 - Strategic and Operational Analysis

GlobalData, July 2010, Pages: 130

Forest Oil Corporation Valuation Report, July 2010 - Strategic and Operational Analysis

Summary

Apache Corporation, an independent company, is engaged in exploration, development and production of crude oil, natural gas and natural gas liquids. The company holds diversified and balanced oil and gas portfolio globally. Apace has an E&P operation in seven regions spanning across five continents U.S. Gulf Coast, U.S. Central, Egypt, Australia, North Sea, Canada and Argentina. The North America region (U.S. Golf Coast, Central, and Canada) contributed around 48% of total production whereas International region (Egypt, Australia, North Sea, and Argentina) contributed around 52% in 2009. The company has achieved the economy of scale in all the regions that enable the company to reduce it’s per unit cost of production and operational risk. No single region contributed more than 27% of production in 2009 indicating well-diversified asset portfolio.

Scope

- Investment Thesis: This section highlights the companies new ventures, liquidity issues, assets analysis, hedging, new projects details, capex funding, geographical results of oil and gas operations, and other related analysis.
- Goals and Strategies: Provide highlights on their existing and upcoming challenges with the possible strategies.
- SWOT: This section highlights the companies internal strength, weakness, opportunities and threats to better understand their position in the market
- Production and Development profile: This section highlights the companies’ forecasted crude oil and natural gas production from their existing and upcoming assets. It also covers the detailed information and analysis on the producing and development assets.
- Exploration and M&A trends: This section includes exploration assets information resulted due to new discoveries, new drilling and other activities. Additionally, M&A section highlights the companies’ recent assets transactions, joint ventures, acquisition, and divestment activities during the specified period.
- Financial Forecast and Valuation: This section highlights the detailed financial forecast of the companies for coming five years. This section also provides intrinsic value of the companies’ by using different valuation techniques.
- Peer Group: This section compares peer group performance with the main companies on the basis of share prices, financial ratios, operational and financial parameters and other related activities.

Reasons to buy

- The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to:
- Provide detailed analysis to those who are interested in knowing the companies’ existing and future business strategies.
- Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
- Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
- Use the analysis for strategy and planning, M&A identifications, and competitor analysis.

1 Table of contents
1.1 List of Tables
1.2 List of Figures
2 Forest Oil Corporation, Company Overview
3 Forest Oil Corporation, Watchlist for 2010
4 Forest Oil Corporation, Investment Summary
4.1 Forest Oil’s Texas Panhandle Will Emerge as The Largest Contributor to The Production; Granite Wash Development Holds The Key
4.2 Cotton Valley/ Haynesville Formations, Switch To Horizontal Drilling To Increase Operational Efficiency
4.3 Canadian Deep Basin Area - Multiple Formations For Potential Drilling; Dependent On Evi Light Oil To Add Liquids
4.4 Forest Oil’s Capital Expenditure Mainly Depends On Internally Generated Cash Flow; Asset Sales Set To Improve Debt To Equity Level
5 Forest Oil Corporation, SWOT Analysis
5.1 Strengths
5.1.1 Low Cost Operator; Stand-out Among Its Peers
5.1.2 Core Assets Concentrated in The US And Canada Offering Repeatable Plays
5.2 Weakness
5.2.1 Declining Profitability
5.3 Opportunities
5.3.1 Substantial Potential In Texas Panhandle, Canadian Deep Basin Along With Shale Plays; Focus Shifted To Horizontal Drilling To Increase Recovery Potential
5.3.2 Divestitures Of Non-Operated Interests To Create More Concentrated Portfolio
5.4 Threat
5.4.1 Low Liquids Content In Production Might Dent Forest Oil’s Revenues in The Near Future
6 Forest Oil Corporation, Goals and Strategies
6.1 Maintain The Asset Portfolio Focusing On Repeatable Resource Plays
6.2 Control Operating Costs To Achieve Operational Efficiency
6.3 Maintain Financial Flexibility To Make Viable Capex Decisions
7 Forest Oil Corporation, Production Overview
7.1 Production Profile
7.2 Texas Panhandle Area To Emerge as The Major Production Growth Area for Forest Oil
7.3 Forest Oil’s East Texas/ North Louisiana Region is Expected to Witness Reduced Activity Due To Weak Gas Prices
7.4 Nikanassin Development is Likely to Increase the Company’s Canadian Production
7.5 South Texas And Others
8 Forest Oil Corporation, Development Overview
8.1 Development Profile
8.2 Granite Wash And Morrow Development Form Major Activity In Texas Panhandle
8.3 Shale Development To Benefit Forest Oil In The Long Term; Extensive Additions Of Acreage Continues
8.4 Deep Basin Development A Low Risk Event; Nikanassin Could Become New Growth Driver In The Region
9 Forest Oil Corporation, Exploration and M&A Highlights
9.1 Utica Shale Has Significant Potential As Per Industry Estimates; Forest Oil Looking For More Data
9.2 Uptrend In Organic Reserve Additions
9.3 M&A Activity
10 Forest Oil Corporation, Outlook
11 Forest Oil Corporation, Forecast Production & Financial Statements
11.1 Income Statement (2007–2014E)
11.2 Balance Sheet (2007–2014E)
11.3 Cash Flow Statement (2007–2014E)
11.4 Financial Ratios (2007–2014E)
12 Forest Oil Corporation, Valuation
12.1 Net Asset Value
13 Forest Oil Corporation, Peer Comparision
13.1 Share Price Performance
13.2 Operational And Financial Performance
14 Forest Oil Corporation, Key Risks
14.1 Volatile Commodity Price
14.2 Reserve Replacement
14.3 Competition with peers
15 Forest Oil Corporation, Detailed Operational & Financial Analysis
15.1 Forest Oil Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced
15.1.1 Results of Oil & Gas Operations Per boe Produced
15.1.2 Results of Oil & Gas Operations Per boe Growth Rates
15.2 Forest Oil Corporation, Quarterly E&P Costs Trends
15.2.1 Upstream Capital Expenditure
15.3 Forest Oil Corporation, Quarterly Production Trends
15.3.1 Total Crude Oil and Natural Gas Production Trend
15.3.2 Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2009-Q1, 2010
15.4 Forest Oil Corporation, Crude Oil Production
15.4.1 Total Crude Oil Production Trend, Q1, 2009-Q1, 2010
15.4.2 Crude Oil Production, By Country/Region, Q1, 2009-Q1, 2010
15.5 Forest Oil Corporation, Natural Gas Production
15.5.1 Total Natural Gas Production Trend, Q1, 2009-Q1, 2010
15.5.2 Natural Gas Production, By Country/Region, Q1, 2009-Q1, 2010
15.6 Forest Oil Corporation, Valuation and Financial Data
15.6.1 Share Price Performance, 2004-2009
15.6.2 Key Valuation Metrics, 2004-2009
15.7 Forest Oil Corporation, Production and Reserves Trends
15.7.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2004-2009
15.7.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2004-2009
15.7.3 Total Crude Oil and Natural Gas Reserve Changes, 2004-2009
15.8 Crude Oil/Liquids Production and Reserve
15.8.1 Crude Oil/Liquids Production and Reserve Trend, 2004-2009
15.8.2 Crude Oil Production and Reserves By Country/Region, 2004-2009
15.8.3 Crude Oil/Liquids Reserve Changes, 2004-2009
15.9 Natural Gas Production and Reserve
15.9.1 Natural Gas Production and Reserve Trend, 2004-2009
15.9.2 Natural Gas Production and Reserves, By Country/Region, 2004-2009
15.9.3 Natural Gas Reserve Changes, 2004-2009
15.10 Total Crude Oil and Natural Gas Reserves Life Index
15.10.1 Total Crude Oil and Natural Gas Reserves Life Index, 2004-2009
15.10.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2004-2009
15.11 Forest Oil Corporation, E&P Costs Trends
15.11.1 Upstream Capital Expenditure, 2004-2009
15.11.2 Acquisition Costs By Country/Region, 2004-2009
15.11.3 Exploration and Development Costs, By Country/Region, 2004-2009
15.12 Oil and Gas Cost Per boe, $/boe
15.12.1 Oil and Gas Cost Per boe, $/boe, 2004-2009
15.12.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2004-2009
15.13 Forest Oil Corporation, Reserve Replacement Ratio
15.13.1 Oil and Gas Production Replacement Ratio, 2004-2009
15.13.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2004-2009
15.14 Forest Oil Corporation, Results of Oil & Gas Operations Trend
15.14.1 Oil and Gas Revenue and Expenses, 2004-2009
15.14.2 Oil and Gas Revenue and Expenses, By Country/Region, 2004-2009
15.15 Oil and Gas Revenue and Expenses, Per boe
15.15.1 Oil and Gas Revenue and Expenses, By boe, 2004-2009
15.15.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2004-2009
15.16 Oil and Gas Performance Metrics
15.17 Forest Oil Corporation, Land Holdings and Well Data
15.17.1 Gross and Net Developed and Undeveloped Acreage, 2004-2009
15.17.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2004-2009
15.18 Well Statistics
15.18.1 Producible Oil and Gas Well, 2004-2009
15.18.2 Producible Oil and Gas Well, By Country/Region, 2004-2009
15.18.3 Exploration and Development Wells Drilled, 2004-2009
15.18.4 Exploration and Development Wells Drilled, By Country/Region, 2004-2009
15.18.5 Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2004-2009
15.18.6 Developed Reserves per Well, By Country/Region, 2004-2009
16 Appendix
16.1 Methodology
16.1.1 Coverage
16.1.2 Secondary Research
16.1.3 Primary Research
16.2 Data Sources
16.2.1 Company Source
16.2.2 SEC/Other Regulatory Filings
16.2.3 Agency Reports
16.2.4 Other Sources
16.3 Methodology for Company Valuation
16.4 Expert Panel Validation
16.5 Units of Measure
16.6 About Us
16.7 Disclosure
16.8 Disclaimer

Customers who bought this item also bought

• eLEARNING - Global Strategic Business Report
• Charter Schools - Global Outlook
• Aerospace and Defense Industry - Global Strategic Business Report
• Sports and Fitness Nutrition - Global Strategic Business Report
• Education Services - Global Strategic Business Report
• Commercial And Military Flight Simulation - Global Strategic Business Report
• The Nigerian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
• Defense Robotics - Global Strategic Business Report
• Future of the US Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2017
• Future of the Japanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018