Energy Sector Declines

The recent downturn in oil has left the S&P 500 Energy sector down 7.5% year to date.  Investors who have built up positions in Energy names throughout oil's runup this year surely have a sour taste in their mouths this month.  Since oil peaked on July 11th, the average S&P 1500 Energy stock is down 9.96%, while the S&P 1500 as a whole is up about 2%.

Below we highlight the 25 worst performing S&P 1500 Energy stocks since the 7/11 intraday peak in oil.  As shown, Cabot Oil&Gas is down 24%, followed by Chesapeake Energy, Quicksilver Resources and St. Mary Land & Exploration all down about 23%.  Overall, 79 of the 85 stocks in the sector are down since 7/11.  If 7/11 turns out to be a longer-term peak in energy prices, it will prove to be the lucky day that superstitious investors were hoping for.

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