Forest Oil Corporation, Company Intelligence Report
Report Summary

Forest Oil Corporation, Company Intelligence Report

Summary

Forest Oil Corporation (Forest Oil) is an independent oil and gas company, incorporated in New York, the US. The company is primarily involved in the exploration, development and production of natural gas, crude oil and Natural Gas Liquids (NGLs) in the North America. It’s Exploration and Production (E&P) activities are focused mainly in the Texas Panhandle area, the East Texas/ North Louisiana region and the South Texas region in the US. Forest Oil’s operations in the Texas Panhandle area are located in the Granite Wash play (Granite Wash) and other intervals such as the Douglas, Tonkawa, Cleveland, Atoka, Novi-Lime and the Morrow. The company’s E&P activities in the East Texas/ North Louisiana region are mainly focused in the Cotton Valley, Haynesville, Bossier and other formations. Its E&P activities in the South Texas region are primarily concentrated in the Eagle Ford shale. Moreover, Forest Oil entered into the Permian basin in 2011, where its activities are in the initial exploration and evaluation phase.

Until 2011, Forest Oil was also engaged in the E&P activities in the Utica shale and some other areas in Canada. The company’s operations in the Utica shale were handled by its wholly owned subsidiary, Lone Pine Resources Inc. (Lone Pine), which it spun off in Q3, 2011. Forest Oil sold most of its other operations in Canada in 2011. Currently, it does not have any major operations in Canada. Apart from this, the company also held around 1.6 million net undeveloped acres in Italy and South Africa. It is in the process of seeking a production license in Italy and gas contracts in South Africa. However, Forest Oil had not carried out any major drilling in these countries as of 2011 and its major production and revenue comes from the US only.

Scope

- Key Highlights: This section provides detailed analysis on the company’s overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, hedging strategies, Capex funding, geographical results of oil and gas operations.
- Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals.
- SWOT: The report’s SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market.
- Production and Development Overview: This section highlights the company’s crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the company’s producing and development assets.
- Exploration: This section includes detailed explanation and analysis on the company’s exploration assets resulted due to new discoveries, new drilling and other activities.
- M&A trends: This section mainly provides information and analysis on the company’s recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the company’s status as a buyer or seller during the analyzed period.
- Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method.
- Peer Group Analysis: This section compares the company’s performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters.
- Financial and Operational Metrics: This section covers the company’s historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc.

Reasons to buy

The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to -
- Provide detailed analysis to those who are interested in knowing the companies’ existing and future business strategies.
- Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
- Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
- Use the analysis for strategy and planning, M&A identifications, and competitor analysis.

Keywords

Valuation Report, NAV, Oil and gas valuation, Strategic Evaluation, Strategic and Operational Analysis, Forecasted financial Statements, SWOT, Capital expenditure, Market Scenario, Revenue, Financial Ratios, Production, Reserves, Peer Group Comparison, DCF, Outlook, Investment Thesis, Investment Summary, Forest