- Language: English
- 164 Pages
- Published: January 2012
- Region: Global
Summary: Forest Oil Corp. Feb 10
- ID: 1871301
- February 2010
- Standard & Poors
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: Forest Oil Corp.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Forest Oil Corp.