Despite the S&P 500 being up 65 percent in the last 10 years, the same can’t be said for the S&P energy sector, which is up just 24 percent.
"With these commodities stocks, you're really riding the commodities tiger. A lot of these stocks zoomed last decade, and as long as energy's going to be going, they will ride that, and they will go lower and lower and lower," said value investing blogger Eddy Elfenbein. "I don't think there’s any value here right now."
As the energy sector continues to tumble, the following companies are seeing the worst as they are currently trading at decade lows.
Hasn’t been this low since May 2004.
In addition to suffering from tumbling natural gas prices, which have dropped to almost $2 per million British thermal units (mmBtu), NRG Energy’s stock hit an all-time low when CEO David Crane announced he would step down on December 3 2015.
Hasn’t been this low since May 2005.
The independent energy company, which focuses in the natural gas and oil exploration, development and production, has seen better days. The persistent weakness in the oil and gas market has put a lot of pressure on Southwestern Energy, pushing the company’s stock down 20 percent last month.
Hasn’t been this low since July 2002.
American oil and natural gas company Chesapeake Energy is another firm getting battered by plunging oil prices as the company’s stock fell to its lowest level in 15 years. The industry-wide downturn of low commodity prices continues to haunt the energy sector.
Hasn’t been this low since December 2002
For Freeport-McMoRan, oil decline is only the beginning of their problems as tumbling copper and gold prices have strangled the mining company from both sides, forcing the company’s stock to plunge 64 percent in recent days.