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Cimarex Energy Co. Dec 05 Product Image

Cimarex Energy Co. Dec 05

  • Published: December 2005
  • Standard & Poors

Abstract
Low debt leverage after the Magnum Hunter Resources Inc. acquisition; Diversified reserve base, with a focus in the Mid-Continent and Permian Basin; and The ability to grow organically, through the development of its reserves and acreage after the Magnum Hunter acquisition. High all-in and drillbit cost structures; A lack of hedging given its high cost structure; and The acquisition of Magnum Hunter nearly triples the company's size and could pose operational challenges. The ratings on Cimarex Energy Co. reflect the risks associated with the acquisition of Magnum Hunter Resources Inc., which more than doubles Cimarex's size and a somewhat higher than average cost structure for the combined entity, relative to peers. Somewhat mitigating these concerns is a record of good...

Companies mentioned in this report are: Cimarex Energy Co.,Forest Oil Corp.,Swift Energy Co.,Magnum Hunter Resources Inc.,Encore Acquisition Co.
Action: Review

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Cimarex Energy Co.,Forest Oil Corp.,Swift Energy Co.,Magnum Hunter Resources Inc.,Encore Acquisition Co.

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