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Summary: Forest Oil Corp. Feb 10 Product Image

Summary: Forest Oil Corp. Feb 10

  • ID: 1871301
  • February 2010
  • Standard & Poors

Abstract
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.
Action: Review

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