Southwestern Energy Co. Jun 11
Standard & Poors, June 2011
Abstract
Above-average growth prospects in the Fayetteville and Marcellus shales; Competitive cost structure; and Moderate financial leverage. All of the company's production is natural gas; and Participation in the volatile and capital-intensive exploration and production industry. The ratings on Southwestern Energy Co. reflect what Standard & Poor's Ratings Services considers to be the company's intermediate financial profile and satisfactory business profile. The ratings also reflect Standard & Poor's view that U.S. natural gas prices will weaken over the next 6 to 12 months because of the significant growth in supply combined with flat demand. Southwestern Energy has a proven track record of successfully increasing production, reserves, and cash flow, primarily from development of its core asset, the Fayetteville shale, and we...
Companies mentioned in this report are: Southwestern Energy Co.
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 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: Full Analysis
Southwestern Energy Co.
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