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Summary: Forest Oil Corp. Feb 10

  • ID: 1871301
  • February 2010
  • Standard & Poors
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  • Sabine Oil & Gas Corp.
  • MORE

The rating on Denver-based Forest Oil Corp., an oil and gas exploration and production (E&P) company, reflects the capital-intensive and cyclical nature of the E&P industry and Standard & Poor's Ratings Services' expectation that natural gas prices will remain low in the near term. The company's good liquidity, its onshore geographic diversity, and the relatively low-risk nature of its drilling program partially offset these weaknesses. With 2.1 trillion cubic feet equivalent of proved reserves (63% proved developed and 80% natural gas) as of year-end 2009, and 459 million cubic feet equivalent of average daily production in the fourth quarter of 2009, Forest is one of the larger speculative-grade E&P companies that Standard & Poor's Ratings Services rates. Forest's producing properties...

Companies mentioned in this report are:
- Sabine Oil & Gas Corp.

Action: Review

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 READ MORE >

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2 of 3

- Sabine Oil & Gas Corp.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown