It’s no secret that the energy sector has been hit hard by the collapse in oil prices since mid-2014. Despite a recent bounce-back in oil prices, shares of the United States Oil Fund ETF (NYSE: USO) remain more than 46 percent lower than they were priced this time last year.
Survival Of The Fittest
During any market downturn such as the one the energy sector is currently experiencing, poorly-run, inefficient and poorly-hedged companies are usually the first casualties.
While the Energy Select Sector SPDR (NYSE: XLE) has fallen more than 15 percent in the past year, many stocks in the energy sector are down 80 percent or more during that time because the market believes there is a ...
/www.benzinga.com/analyst-ratings/analyst-color/15/05/5536842/the-default-probabilities-of-struggling-energy-stocks alt=The Default Probabilities Of Struggling Energy Stocks>Full story available on Benzinga.com
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