Why the ‘dominion’ energy stocks are going to be a huge loser in the energy industry

It has been a month since a huge market crash, but it appears that the ‘Dominion Energy’ stock is going to have to pay for it.

According to Bloomberg, the Energy Department announced on Thursday that it has suspended the stock registration for the company and has suspended its stock purchase program for the next two years.

The announcement came a day after the company filed for bankruptcy, the largest corporate insolvency in the history of the United States.

As the New York Times reported, “The stock is in serious trouble.”

The stock has a market cap of $6.5 billion, but that is a lot of money compared to the energy companies that dominate the global market.

The companies that own the Dominion Energy stock include the following:  American Gas (NYSE: AMER), Boeing (NYSE.

N),  Citigroup (NYSE : C), The Dominion (NYSE:-DTX), Enron (NYSE:(NYSE: ENR), General Electric (NYSE(NYSE: GE), Gulf Oil (NYSE,NYSE: GLB), Halliburton (NYSE:, H), Heritage Energy (NYSE-: HE), Inverness Energy (NASDAQ: INN), Klientech Energy (DAQ:KL), Nasdaq (NYSE.: NDAQ), Northrop Grumman (NYSE:#NOS), Philips (NYSE.-), Southwestern Energy (QCOM: QCOM), TSX:TSX.

The Dominion stock has been listed on over 80 stock exchanges, and has been purchased by American Gas, BP, Chevron, DuPont, ExxonMobil, Exxon Mobil, Hess, Exxon Corp., Procter & Gamble, and many more.

It is a stock that the Energy Departments Office of Inspector General found was being used as a hedge fund and that the companies themselves admitted was “misleading” investors.

According to Bloomberg: “The department’s action came as the energy market was reeling from a sharp drop in energy prices.

Investors were being misled about the value of the stock, and investors were being tricked into buying stock that they didn’t want.”

A spokesperson for the Energy department told Bloomberg that the suspension will affect the stockholders of the Domination Energy stock, including holders of a “high-level, all-shareholding interest in the company.”

The energy stocks that are facing this loss of value include: * BP (NYSE)  – A drop of more than $100 billion over the past two years due to the lack of demand from China for oil and gas. 

* CITIC – The largest energy company in the world, which owns CITIC Energy (TSXV: CIT) and Brent Oil (NYSE:-BX). 

* ENERON – ENERON (NYSE:: ENR) is the largest US energy company, and the world’s largest producer of natural gas, and one of the largest refiners of natural-gas liquids. 

* GE – GE has the largest natural gas and oil fields in the US, as well as a large and growing oil and natural gas fleet. 

The Energy Department said that “a lack of confidence in the ability of the company to recover from the recent economic downturn has caused significant volatility in the market for energy stocks.”

The company was able to survive in the worst of times because of its management team, and it is now in the best of times, as the stock has fallen about 12% over the last year.

While the dominion stock may not be worth the price of a stock in its own right, the other energy companies are not as lucky. 

 On Thursday, the energy stocks lost another $1 billion in market value, according to Bloomberg.

The S&P 500  fell more than 7%, as did the Dow Jones Industrial Average and the Nasdaq Composite.

 The Dow is down over 3% over that time, and in the past 12 months it has lost over 8%.

 Investors are going after the energy stock that is not worth the cost of a high-priced stock, because they are now willing to take the risk.