Black Diamond Energy was a big player in natural gas, developing reserves in the coal bed methane play in Powder River Basin in Wyoming. With natural gas prices dropping from the $10 range in 2008 to less than $5 per MCF currently, that business model does not work.
Stockbrokers have a duty to make suitable recommendations to investors taking into account their age, health, risk tolerance and level of financial sophistication. We know that some brokers recommend high concentrations of partnerships and other alternative investments like Black Diamond Energy to generate commissions for their companies and themselves.
Call us to learn about your legal rights to recover losses on Black Diamond Energy partnerships.
Rex Securities Law , located in Boca Raton, FL, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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