The U.S. oil and gas industry seems to be on a diverging path--oil prices remain high while gas prices remain low. In the following series of questions and answers, Tom Watters, managing director in commodities, materials, and real estate for Standard & Poor's Ratings Services, discusses the causes fueling this split. This article was written in conjunction with a series of Q&A sessions conducted for Standard & Poor's CreditMatters TV. Watch the related CreditMatters TV segment titled, "A Look At What's Fueling Oil and Gas Prices," dated May 20, 2010. Gas prices have continued to spiral downwards. People are concerned about production from shale plays, or what is known as the wall of shale. It's hard to predict where the...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.