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The landscape looks quite grim as we assess underperforming energy stocks. Despite the anticipation that China’s economic reopening would rekindle some lost vigor, many energy stocks are in a troubling position. Mounting oil inventories and growing concerns over recession have compelled investors to ponder over which energy stocks to sell in June to cut losses. Although long-term supply constraints could eventually spur oil prices, the short-to-medium-term outlook forecasts lower energy prices. After a stellar performance in 2022, the energy sector has witnessed a significant downturn in 2023, with an 11.2% drop, according to the S&P Global 1200 Energy index, underperforming the broader S&P 500. Moreover, crude oil and regular gas prices in the U.S. are subdued, with projections hinting at continued low prices. Thus, it becomes imperative to identify the top underperforming energy stocks to sell now. MRO Marathon Oil $22.47 ENPH Enphase Energy $181.47 TELL Tellurian $1.22 NOV NOV. Inc. $14.81 BTU Peabody Energy $18.31 CHK Chesapeake Energy $76.15 COP ConocoPhillips $99.53
These underperforming energy stocks are likely to erode shareholder value this year, on the back of dwindling energy market this yearMore From InvestorPlace