Although Quicksilver Resources And Forest Oil Are On A Razor's Edge, They Aren't Undervalued At The Current Levels
- The high natural gas price has trapped both companies which have loaded their balance sheets with a lot of debt.
- Both companies have tried to deleverage their balance sheets over the last 12 months.
- They still have a long way to go in order to strengthen their weak balance sheets.
- A bankruptcy is not out of the question.