Have you suffered losses investing in Vanguard Natural Resources (VNR)? If so, The White Law Group may be able to recover your losses by filing a claim against the brokerage firm that sold you the investment.
According to reports, as a result of weaker oil prices, and the recent sale of the company’s SCOOP/STACK assets, Vanguard Natural Resources’ lenders have revised its borrowing base down to $1.325 billion. That’s 26% below its previous credit limit of $1.8 billion. The company still faces an uphill battle given its large debt load and the continued uncertainty surrounding oil and gas prices.
Since 2014 depressed energy prices has turned many companies upside down forcing them to make cut backs and find ways to restructure debt. While prices continue to remain low many investors will likely continue to incur losses. The White Law Group continues to monitor VNR (read more here) and is investigating whether some brokerage firms may have improperly recommended high-risk MLPs like VNR to clients. Unfortunately, many investors were not made adequately aware of the risks associated with energy investments like VNR.
Before recommending an investment, your broker has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor. To the extent that some brokerage firm failed to perform adequate due diligence or make unsuitable investment recommendations, the firm may be held liable for any resulting losses in a FINRA arbitration claim.
To determine whether you may be able to recover investment losses incurred in Vanguard Natural Resources or another energy investment, please contact The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visitwww.WhiteSecuritiesLaw.com.