March 2, 2016 Comments (0) Blog

Investor Alert: Oil and Gas MLP Losses Continue to Mount

oil and gas mlps
(Last Updated On: May 9, 2017)

Recovery of Investment Losses in Oil and Gas MLPs

Have you suffered losses investing in oil and gas MLPs?   If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.

Master Limited Partnerships (MLPs) are a type of limited partnership that is publicly traded. MLP’s receive the same tax benefits of a limited partnership combined with the liquidity of a publicly traded security. In order to be classified as an MLP the partnership must receive 90% of its cash flow from a “qualifying source” – such as real estate, natural resources or commodities.

MLPs have increasingly been used to invest in the energy sector and are often sold to investors seeking income.  However, oil and gas MLPs are extremely complex and risky, making them only suitable for wealthy, sophisticated retail investors or institutional investors.  They are also a dream product for Wall Street because of the fees they generate, which may cause unscrupulous financial advisors looking to maximize their own commissions to recommend them improperly.

It is for this reason that The White Law Group is investigating the liability that brokerage firms may have for recommending high risk oil and gas MLPs, like Westmoreland Resource Partners LP, to their clients.

Brokerage firms that sell oil and gas MLPs are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives. Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.

With oil prices hovering below $40/barrel, oil and gas MLPs continue to suffer.

According to Bloomberg, here is the performance over the past year of a number of MLPs the securities attorneys of The White Law Group is investigating:

LP Sector Ticker Symbol 1 Yr Performance
Alliance Holdings GP LP Coal AHGP -69.29%
Alliance Resource Partners Coal ARLP -68.57%
Alon Partners USA Refiner ALDW -34.71%
American Midstream Partners Natural Gas Midstream AMID -65.92%
Arc Logistic Partners Crude/Refined Storage ARCX -27.04%
Blueknight Energy Partners Oil and Gas Services BKEP -25.73%
Boardwalk Pipeline Partners Natural Gas Midstream BWP -20.60%
Breitburn Energy LP (Monthly) Oil and Gas Production BBEP -91.19%
Calumet Specialty Products LP Specialty Oil Products CLMT -63.26%
Capital Products Partners Tanker Shipping CPLP -57.17%
Columbia Pipeline Partners Natural Gas Midstream CPPL -33.93%
Crestwood Equity Partners Natural Gas Midstream CEQP -82.30%
CrossAmerica Partners Motor Fuel Distribution CAPL -21.75%
CSI Compressco Oil and Gas Services CCLP -60.64%
CVR Partners LP Nitrogen Fertilizer UAN -40.51%
CVR Refining LP Refiner CVRR -38.39%
DCP Midstream Partners Natural Gas Midstream DPM -35.10%
Delek Logistics Partners Oil Gathering/Pipeline DKL -25.74%
Dominion Midstream Partners LNG Import/Export Pipel DM -21.97%
Dorchester Minerals Oil and Gas Production DMLP -57.61%
Dynagas LNG Partners LP Liquid Natural Gas Ship DLNG -48.04%
Emerge Energy LP Frac Sand EMES -92.95%
Enable Mistream Partners LP Midstream Gas and Oil ENBL -61.91%
Enbridge Energy Partners Oil/Gas Pipelines EEP -52.33%
Energy Transfer Equity Partners Natural Gas Midstream ETE -76.13%
Energy Transfer Partners Natural Gas Midstream ETP -49.72%
Enlink Midstream LP Natural Gas Midstream ENLK -61.83%
Enterprise Products Partners Natural Gas Midstream EPD -25.81%
EV Energy Partners LP Oil and Gas Production EVEP -83.99%
Ferrellgas Partners Propane Marketing FGP -18.21%
Foresight Energy LP Coal Production FELP -86.82%
GasLog Partners LNG Shipping GLOP -30.82%
Genesis Energy Partners Oil/Gas Pipelines GEL -40.36%
Global Partners Oil & Gas Marketing GLP -63.47%
Green Plains Partners Ethanol Distribution GPP -20.37%
Hi-Crush Partners Frac Sand HCLP -87.80%
JP Energy Partners LP Oil and Gas Midstream JPEP -58.79%
Legacy Reserves LP Oil and Gas Production LGCY -93.39%
Martin Midstream Partners Natural Gas Midstream MMLP -43.38%
Memorial Production Partners Oil and Gas Production MEMP -86.10%
Mid-Con Energy Partners Oil and Gas Production MCEP -82.69%
Midcoast Energy Partners Natural Gas Midstream MEP -69.76%
MPLX LP Crude Oil Midstream MPLX -65.49%
Natural Resource Partners Coal NRP -87.06%
Navios Maritime Partners Dry Bulk Shipping NMM -90.21%
Navios Maritime Midstream Partners Tanker Shipping NAP -29.72%
New Source Energy Partners LP Oil and Gas Production NSLP -99.56%
NGL Energy Partners Oil and Gas Midstream NGL -69.13%
Nustar Energy Partners Midstream Refined Prod NS -36.02%
OCI Partners Methanol/Ammonia OCIP -60.41%
Oneok Partners Natural Gas Midstream OKS -21.73%
PBF Logistics Partners Oil/Refined Midstream PBFX -21.03%
Phillips 66 Partners LP Oil/Refined Pipelines PSXP -16.32%
Plains All American Pipeline Oil/Gas Pipelines PAA -53.75%
Rose Rock Midstream LP Oil Pipelines and Storage RRMS -76.18%
Southcross Energy LP Natural Gas Midstream SXE -94.41%
Sprague Resources Wholesale Fuels SRLP -22.94%
Suburban Propane Partners Fuel Distribution SPH -29.76%
Summit Midstream Partners Natural Gas Midstream SMLP -53.43%
SunCoke Energy Partners LP Coke Manufacturing SXCP -62.13%
Sunoco Logistic Partners Crude & Refined Pipel SXL -39.24%
Sunoco LP (was Susser) Fuel Distribution SUN -32.53%
Tallgrass Energy LP Natural Gas Midstream TEP -20.80%
Targa Resource Partners LP Natural Gas Midstream NGLS -35.57%
Teekay LNG Partners Liquid Natural Gas Ship TGP -68.27%
Teekay Offshore Partners LP Shuttle Tankers TOO -80.81%
Tesoro Logistics LP Oil Terminals TLLP -22.55%
USA Compression Partners Natural Gas Midstream USAC -45.32%
VTTI Energy Partners Storage VTTI -26.95%
Western Gas Equity Partners Natural Gas Midstream WGP -50.13%
Western Gas Partners Natural Gas Midstream WES -37.22%
Western Refining Logistics Gas/Oil Midstream WNRL -24.97%
Westlake Chemical Partners Ethylene Production WLKP -32.39%
Westmoreland Resource Partners Coal WMLP -61.22%
Williams Partners Natural Gas Midstream WPZ -54.40%
World Point Terminals LP Crude and Refined Storage WPT -23.45%

Of these, the worst performing MLPs appear to be Teekay Offshore Partners LP, Breitburn Energy LP, Crestwood Equity Partners LP, Emerge Energy LP, EV Energy Partners LP, Foresight Energy LP, Hi-Crush Partners LP, Legacy Reserves LP, Memorial Production Partners LP, Mid-Con Energy Partners LP, Natural Resource Partners LP, Navios Maritime Partners LP, New Source Energy Partners LP, and Southcross Energy LP – all down OVER 80% in the last year!

Free Consultation

If you suffered losses investing in an oil and gas MLP and would like to discuss your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.  The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.

For more information on The White Law Group, visit www.whitesecuritieslaw.com.