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Issuer Ranking: U.S. Oil And Gas Companies, Strongest To Weakest Dec 11
Standard & Poors, Dec 2011
Abstract
Prices for crude oil remain at very healthy levels, and Standard & Poor's Ratings Services expects them to remain so at least through 2012. Little spare capacity, political unrest, and disciplined production from OPEC continue to support oil prices. However, the question for the price of natural gas is, how low can it go? Despite a 50% decline in the domestic natural gas rig count, gas production remains at high levels. Among the causes for this are: a meaningful amount of residual gas as a by-product of oil and natural gas liquids drilling; fairly priced hedge books; and low lifting costs that are enabling producers to still remain profitable in the short term. Inevitably, producers will need to spend to...
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 risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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