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Allis-Chalmers Energy Inc. Dec 11 Product Image

Allis-Chalmers Energy Inc. Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Geographic and product line diversity. Participation in the highly cyclical and competitive oilfield services industry; Concentrated customer base; and High debt leverage. The ratings on Allis-Chalmers Energy Inc. reflect the company's position as an oilfield services provider operating in a highly cyclical and competitive industry, its concentrated customer base, and high debt leverage. These risk factors are partially offset by Standard & Poor's Ratings Services' view of the company's geographic and product diversification. In February 2011, Allis-Chalmers was acquired by a wholly owned subsidiary of Bermudan-Norwegian oilfield services company, Seawell Ltd. (not rated). The surviving entity continues under the name Allis-Chalmers Energy Inc. Following the merger, Seawell Ltd. changed its name to Archer Ltd. Because of the merger, organizational and...

Companies mentioned in this report are: Allis-Chalmers Energy Inc. (Unsolicited Ratings)
Action: Review

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Allis-Chalmers Energy Inc. (Unsolicited Ratings)

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