Summary: Forest Oil Corp. Jul 02
Standard & Poors, July 2002
Abstract
The ratings on Forest Oil Corp. reflect the company's participation in the volatile, capital-intensive exploration and production (E&P) segment of the oil and natural gas industry. Historically, Forest has focused on acquisitions and enhancing proved-producing properties, and exploration activities where it can reduce risks by entering into ventures with other E&P companies. Denver, Colo.-based Forest is a midsize (year-end 2001 proved reserves of over 1.5 trillion cubic feet equivalent (tcfe); 54% natural gas; 61% proved developed; 9.0 r/p) E&P company with an attractive array of prospects in frontier areas, including its Mackenzie Delta and Beaufort Sea acreage and South Africa concession. While Forest has not booked reserves in any of these areas, each area is believed to have the potential...
Companies mentioned in this report are: Forest Oil Corp.
Action: Review
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Forest Oil Corp.
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