Volatile commodity prices amid growing supply, poor financial performance and disfavor from some investor groups all contributed to the energy sector's transformation from investor darling to investor outcast.Graphic: https://fingfx.thomsonreuters.com/gfx/mkt/13/318/318/Pastedper cent20Image.jpg
The S&P 500 energy sector registered a meager 6per cent gain this decade, compared with a more than 180per cent rise for the benchmark S&P 500 stock index, according to Refinitiv data. As a result, investors seeking overall stock market exposure require a smaller allocation of energy shares, another pressure point for the group.
"The price of energy has been lower than it would have been had none of this occurred," said Pearce Hammond, managing director at Simmons Energy in Houston.
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