Enerplus (ERF -12.1%) shares sink after the Canadian oil and gas producer reports a Q3 loss due...

|About: Enerplus Corporation (ERF)|By:, SA News Editor

Enerplus (ERF -12.1%) shares sink after the Canadian oil and gas producer reports a Q3 loss due to certain asset impairments and says it expects growth to slow down next year as it cuts 2013 capital spending by 20%. ERF, which has crude oil assets in the Bakken and Three Forks fields in North Dakota, also cuts its average production forecast for 2012 by 2% to 82K boe/day.