The S&P 500 Energy Sector index is only up 1.8% year-to-date, significantly trailing behind high-performing sectors like technology, demonstrating the current struggles of energy stocks.
Declining oil prices have weighed on the industry, with Brent crude down 22% and West Texas Intermediate down nearly 24%, impacting demand especially due to China's slowing economy.
Despite the depressed performance of energy stocks, this situation presents an investment opportunity in undervalued companies poised for recovery as prices potentially rebound.
Investors should consider Occidental Petroleum, which has strong fundamentals and is being heavily backed by Warren Buffett, making it a notable investment option this September.
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