At first glance, the energy market of late can look like a danger zone. Both the NYSE Energy Sector Index (^NYE) and the WilderHill New Energy Global Innovation Index (^NEX) have fallen further than the Dow over the last six months.
The Dow has shed about 6% in that time as volatility has reigned. The Energy Sector Index fell about 15% while the New Energy Index fell more than 35%. That doesn't really foster confidence. But the truth is energy shares — almost across the board — are currently trading at a discount.
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