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Summary: Forest Oil Corp. Feb 10

  • ID: 1871301
  • February 2010
  • Standard & Poors


  • 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 READ MORE >

Note: Product cover images may vary from those shown

- Sabine Oil & Gas Corp.

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


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