In the following video, Motley Fool energy contributors Tyler Crowe and Aimee Duffy discuss Whiting Petroleum's (NYSE:WLL) recent drop after its earnings report. A strong hedging strategy is important for any oil or gas producer to limit its exposure to volatile oil and gas prices; Whiting showed some weakness in this area this quarter when compared to some of its contemporaries. In the video, Tyler helps investors understand how this affects the Whiting investment thesis, and talks about what to watch for to know if this is short-term noise, or a long-term problem.

Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.