Ultra Petroleum (NYSE: UPL ) recently reported its third quarter earnings. The company beat estimates with adjusted earnings of $0.64 per share.
With soft natural gas prices, we're still seeing a lot of writedowns from Ultra. This isn't just exclusive to UPL, though; Apache Corp (NYSE: APA ) and Chesapeake Energy Corp (NYSE: CHK ) have gone through the same necessary evil recently, as well.
Investors should be concerned with what management has to say going forward. The company is really rationalizing its economics, and insisting that it's a profitable company at lower natural gas prices than competitors.
But, with gas prices so cheap, the company is more focused on cost saving than increasing production at this time.
There are many different ways to play the energy sector, and our analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.