Summary: Superior Energy Services Inc. Jan 06

Standard & Poors, January 2006

Abstract
The ratings on Superior Energy Services Inc. are restricted by the company's business risk profile, which is considered fair. (Business risk profiles range from vulnerable to excellent). Superior's business risk profile is limited due to the cyclical nature of the oilfield services industry, expansion into oil and gas production, and geographic concentration. These concerns are partially countered by a high-end liftboat fleet. Although Superior is biased toward more stable production-based services, it is still exposed to the volatility of drilling activity levels. The company provides services for both deepwater and shallow-water drilling in the Gulf of Mexico, and cash flow generated by the rental business usually corresponds to overall regional activity. Asset turnover is the key determinant of the magnitude...

Companies mentioned in this report are: Superior Energy Services Inc.,Halliburton Co.,Veritas DGC Inc.,Grant Prideco Inc.,Hornbeck Offshore Services Inc.,Schlumberger PLC
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.

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.

Superior Energy Services Inc.,Halliburton Co.,Veritas DGC Inc.,Grant Prideco Inc.,Hornbeck Offshore Services Inc.,Schlumberger PLC

Customers who bought this item also bought

• Directory of Latin American Foundations 2013
• International Military and Civilian Unmanned Aerial Vehicle Survey
• The Mexican Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
• Education Services - Global Strategic Business Report
• The Mexican Defense Industry - Competitive Landscape and Strategic Insights to 2017: Market Profile
• The Mexico Defense Industry - Competitive Landscape and Strategic Insights to 2016: Market Profile
• Aerospace and Defense Industry - Global Strategic Business Report
• The Mexican Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
• Gyroscopes and IMUs for Defense, Aerospace & Industrial 2012
• Homeland Security Expenditure in Mexico to 2017: Market Review