Australia's large miners have been battered down from some unappealing valuations over the last year as commodity prices have weakened substantially.
The share price BHP Billiton has fallen from a 12 month high of $39.79 to just $28.05.
BHP announced that it plans to cut back on its shale drilling operations in the US by around 40 percent by the middle of the year.
With a glut of supply and dwindling demand the price of oil has dived to a 6 year low in the past wee at around $47 per barrel - a monster decline, though good news for most consumers.
BHP has also suffered from weakness across a range of other commmodities.
RIO Tinto has also seen its share price dive from $71.30 less than a year ago to just $55.09, largely due to the dramatic 50 percent collapse in the price of iron ore.
It will be interesting to see whether BHP priced at these levels begins to attract interest again from international share market investors.
Perhaps, but commodity markets are generally weak. with little sign of respite to date.