Enerplus' Q3 Crash and Gloomy 2013 Outlook
In this video, Motley Fool Energy Analyst Joel South highlights some of the major issues this past quarter with Enerplus (NYS: ERF) , that are affecting the company's 2013 outlook. The continuing softening of natural gas prices are a major factor for the company, which forced them to cut capital expenditures by 20%, so that has slowed growth. Production issues for the company only compounded these issues. However, South notes several ways that Enerplus has opted to start growing smart rather than growing fast, something that he sees as a major silver lining for the company.
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The article Enerplus' Q3 Crash and Gloomy 2013 Outlook originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Devon Energy and Ultra Petroleum and has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, short JAN 2014 $15.00 puts on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, long JAN 2014 $30.00 calls on Chesapeake Energy, short JAN 2014 $20.00 puts on Ultra Petroleum, long JAN 2014 $30.00 calls on Ultra Petroleum, long JAN 2014 $40.00 calls on Ultra Petroleum, and long JAN 2014 $50.00 calls on Ultra Petroleum. Motley Fool newsletter services recommend Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.