GS post on Investor Village'The SP games continue at VLE while Equinor continues downwards dropping US$11 billion plus since mid May. Most of the drop since end June and over $4 billion since July 24th?
Just an interesting observation meaning nothing at all.'
He calls it just an observation but it's meant to be more than that.
It's not specific to Equinor.The whole sector is down about 30% this year. Here's the yearly SP of some well known companies.
Suncor 30%
Canadian Natural Resources 36%
Husky OIl 53%
Encana 66%