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Liam Denning

Bad Week for Energy Stocks? Wait Till Next Year

Investor trust has dried up, and it won’t improve without a lot of consolidation.

Frackers’ capital well is running dry.

Frackers’ capital well is running dry.

Photographer: Bloomberg/Bloomberg

One word to describe this week in energy stocks is “painful.” Another is prologue.

Energy stocks were not particularly popular coming into this week anyway. To one degree or another, they were losing the confidence of investors that they will manage their capital responsibly and profitably.