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PT Medco Energi Internasional Tbk. Dec 11 Product Image

PT Medco Energi Internasional Tbk. Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Exposure to volatile hydrocarbon prices Large investment requirements Aggressive financial policy Favorable location and cost structure Good growth potential in development and exploration blocks Some insulation from currency instability and sovereign-debt risk The ratings on PT Medco Energi Internasional Tbk. (Medco) reflect the company's exposure to volatile hydrocarbon prices, its large investment requirements, and its aggressive financial policy that relies on debt to fund growth. Medco's favorable location and cost structure, the good growth potential in its development and exploration blocks, and the company's partial insulation from currency instability and sovereign-debt risk temper these weaknesses. We expect Medco's aggressive financial risk profile to weaken in 2012 due to the company's substantial estimated capital expenditure in the year. Medco's major development...

Companies mentioned in this report are: PT Medco Energi Internasional Tbk.
Action: Review

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PT Medco Energi Internasional Tbk.

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