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Summary: Superior Energy Services Inc. Jan 06
Standard & Poors, January 2006
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
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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