December 15, 2015 Comments (0) Blog, Securities Fraud

More Oil and Gas Bankruptcies

(Last Updated On: September 22, 2017)

Have you suffered losses investing in an oil and gas company that declared bankruptcy in 2015?  If you purchased the investment at the recommendation of a financial advisor, the securities attorneys of The White Law Group may be able to help you recover those losses through a FINRA arbitration claim against your advisor or brokerage firm.

With oil continuing to trade at less than 50% of what it traded at just last year, oil and gas companies (particularly smaller operations) continue to struggle.  Many have already been forced to declare bankruptcy.

According to reports, the following oil and gas companies have declared bankruptcy this year (with more expected to do so if oil prices do not rebound):

  • Samson Resources Corp.
  • Sabine Oil and Gas
  • Quiksilver Resources
  • Milagro Oil and Gas
  • Victory Exploration
  • ERG Resources
  • BPZ Resorces
  • Miller Energy Resources
  • American Eagle Energy
  • Laricina Energy
  • Black Elk Energy Offshore
  • Duer Wagner Oil and Gas
  • Dune Energy
  • Ivanhoe Energy
  • WBH Energy Partners
  • Escalera Resources
  • American Standard Energy Corp.
  • COGI Limited Parnership
  • Shoreline Energy
  • American National Energy Corp.
  • Arabella Petroleum
  • Sable Operating Company
  • Sun River Energy
  • Waldron Energy
  • Primera Energy
  • Continental Exploration
  • Buckingham Oil Interests
  • Armada Oil, Inc.
  • Luca International Group
  • Windfire Resources
  • Samco Oil

The White Law Group is investigating the liability that brokerage firms may have for recommending investments in these companies.  Oil and gas investments are often speculative in nature.  Additionally, brokerage firms are required to perform adequate due diligence on any investment it recommends and to ensure that all recommendations are suitable in light of the investor’s age, investment experience, net worth, income, and investment objectives.

If a financial advisor or brokerage firm fails to perform adequate due diligence or makes an unsuitable investment recommendation, they can be held responsible for any losses through a FINRA arbitration claim.

If you suffered losses in an oil and gas company that declared bankruptcy and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation.

For more information on The White Law Group and its representation of investors, please visit http://www.whitesecuritieslaw.com.