Investigating Potential Claims – Erin Energy
Are you concerned about your investment in Erin Energy (fka CAMAC Energy)? If so, the securities attorneys at The White Law Group may be able to help you.
Erin Energy, which changed its name from CAMAC Energy to Erin in 2015, primarily focuses on oil and gas developments in Africa, especially offshore of Nigeria, according to Bloomberg. In 2010 the company acquired Pacific Asia Petroleum for their interests in oil fields in China. Erin Energy has reportedly been struggling to stay afloat since the oil sector in Africa is still trying recover from the recent oil bust.
Although the company claims to still have several promising discoveries in Africa that are worth developing, the future is uncertain, for the company and for investors, according to analysts.
Oil and gas investments are often only suitable for sophisticated investors. Oil and gas partnerships, in particular, involve inherent risks that make them unsuitable investments for many (including the risk that a particular well may be completely dry).
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objectives, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through securities arbitration.
If you invested in Erin Energy and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 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 White Law Group, visit http://www.whitesecuritieslaw.com.