Recovery Report: Forest Oil Corp.'s Recovery Rating Profile Jan 11
Standard & Poors, January 2011
Abstract
We are updating our recovery analysis on U.S. gas and oil exploration and production company Forest Oil Corp. (Forest) to reflect updated reserve information for midyear 2010. Standard & Poor's Ratings Services' recently revised recovery methodology uses stressed price deck assumptions of $45 per barrel of West Texas Intermediate crude oil and $4.00 per million BTU of Henry Hub natural gas. This update results in an increase in our valuation in a simulated default scenario and resulted in our revising the recovery rating and raising the issue rating. Forest is a U.S.-based oil and natural gas company with properties located primarily in Arkansas, Louisiana, New Mexico, Oklahoma, Texas, Utah, Wyoming, and Canada. Our recovery analysis reflects the following capital structure:...
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.
Research Type: Full Analysis
Forest Oil Corp.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
