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Forest Oil Corp. Feb 09 Product Image

Forest Oil Corp. Feb 09

  • Published: February 2009
  • Standard & Poors

FEATURED COMPANIES

Abstract
Satisfactory operational track record during past three years; Good geographic diversity among North American onshore basins; and Relatively low-risk nature of the company's drilling program. Our expectation that near-term commodity prices will remain weak; Forest's financial leverage measures remain high relative to peers; and Acquisitive strategy raises integration risks. The rating on Forest Oil Corp., an oil and gas exploration and production (E&P) company, reflects the company's aggressive financial leverage and our expectation that near-term hydrocarbon prices will remain weak. These weaknesses are partially offset by the company's improved operating results, its good onshore geographic diversity, and the relatively low-risk nature of its drilling program. With 2.7 trillion cubic feet equivalent of proved reserves (63% proved developed and 75% natural...

Companies mentioned in this report are: Forest Oil Corp.
Action: Review

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Forest Oil Corp.

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