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Summary: Forest Oil Corp. Mar 11

  • ID: 1872261
  • March 2011
  • Standard & Poors

FEATURED COMPANIES

  • Sabine Oil & Gas Corp.
  • MORE

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 a production mix that is heavily weighted toward weak natural gas prices. Ratings also reflect the company's good liquidity, onshore geographic diversity, and the relatively low-risk nature of its drilling program. Standard & Poor's Ratings Services characterizes Forest's business profile as fair. The company had 2.2 trillion cubic feet equivalent of estimated proved reserves (60% proved developed and 78% natural gas) as of year-end 2010, leaving Forest as one of the largest E&P companies at the 'BB-' rating category. Revenues derived from high-priced liquids improved to 50% in the fourth quarter of 2010...

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 credit rating 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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