With oil down 60% from just a year ago, it is no surprise that investments in oil and gas have followed a similar path, generating significant losses in investment accounts of many Americans. If you or one of your loved ones has suffered significant losses in oil and gas investments, you may be able to recover damages.
Brokers Must Make Recommendations that Are Suitable
If the recommendation to invest is not suitable for your investment objectives or risk tolerance you may have a valid claim.
If too large a percentage of your portfolio was invested in oil and gas stocks you may have a valid claim.
If the broker failed to apprise you adequately of the risks accociated with oil and gas investments, you may have a valid claim.
The bankruptcy law practice group of Haynes and Boone reports that since the beginning of 2015, 51 North American oil and gas producers have filed for bankruptcy and that indications suggest further energy company bankruptcies will continue during 2016.
According to the Haynes and Boone report those companies seeking bankruptcy protection include:
- IVANHOE ENERGY INC. (IVAN)
- DUNE ENERGY INC. (DUNR)
- BPZ RESOURCES, INC. (BPZ)
- QUICKSILVER RESOURCES (KWKAQ)
- AMERICAN EAGLE ENERGY CORP. (AMZGQ)
- SUN RIVER ENERGY (SNRV)
- SARATOGA RESOURCES (HARVEST OIL & GAS) (SARAQ)
- SEFTON RESOURCES (SER)
- ARABELLA PETROLEUM (AXPLF)
- SABINE OIL & GAS (SOGC)
- AMERICAN STANDARD ENERGY CORP
- LUCA INTERNATIONAL GROUP
- SAMCO OIL
- BLACK ELK ENERGY OFFSHORE
- SABLE OPERATING COMPANY
- AMERICAN NATURAL ENERGY CORPORATION (ANEC)
- ARMADA OIL INC (AOIL)
- CONTINENTAL EXPLORATION, LLC
- SAMSON RESOURCES CORPORATION
- MILLER ENERGY RESOURCES (MILL)
- AIX ENERGY INC
- ESCALERA RESOURCES CO (ESCR)
- PARALLEL ENERGY LP
- ENERGY & EXPLORATION PARTNERS (ENXP)
- TRANSCOASTAL CORPORATION (TCEC)
- CUBIC ENERGY, INC (CBNR)
- MAGNUM HUNTER RESOURCES CORPORATION (MHR)
- NEW GULF RESOURCES, LLC
- SWIFT ENERGY COMPANY (SFYWQ)
- AURORA OPERATING, LLC
- MOG PRODUCING, LP
- ANTERO ENERGY PARTNERS, LLC
- EMKEY RESOURCES, LLC
- OSAGE EXPLORATION AND DEVELOPMENT, INC. (OEDV)
- GINGER OIL COMPANY
- PRIMROSE LA SARA, LLC
- ARGENT ENERGY (U.S.) HOLDINGS, INC
- D.J. SIMMONS, INC.
Call to discuss you legal rights.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, 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.
Florida-561 391 1900