Tough 2012 for This Natural Gas Pure Play

With so many diversified oil and gas producers out there, paying attention to companies like Ultra Petroleum (UPL +0.00%) can be valuable because it gives you direct insight into the performance and expectations of the natural gas market. Fortunately for Ultra Petroleum, 2012 is over. Unfortunately for the company, 2013 has just begun. Despite record production on the year, writedowns due to suppressed natural gas prices led to poor financial performance. With expectations for production to drag through 2013, Ultra will need to maintain its focus on being the lowest-cost producer until 2014, when it expects production to begin picking up again. For more details, tune into the video below.