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Summary: Forest Oil Corp. Mar 11

  • ID: 1872261
  • March 2011
  • Standard & Poors
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  • Sabine Oil & Gas Corp.
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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 of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different READ MORE >

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- Sabine Oil & Gas Corp.

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3 of 3
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