Have you suffered losses in Antero Midstream Partners LP? If so, the securities attorneys of The White Law Group may be able to help you recover those losses from the brokerage firm or financial advisor that recommended the investment.
The White Law Group continues to investigate the liability that brokerage firms may have for making bad recommendations on MLPs like the Antero Midstream Partners LP.
According to their website, Antero Midstream Partners LP (NYSE:AM) is a growth-oriented limited partnership formed by Antero Resources Corporation to own, operate and develop midstream energy assets to service Antero Resources’ rapidly increasing production.
Unfortunately , Antero Energy was one of the many oil and gas companies to file bankruptcy in 2016 due to diving oil prices. According to Bloomberg, the US Bankruptcy Court gave an order approving the sale of substantially all the assets of Antero Energy Partners, LLC on June 17, 2016. The debtor has been authorized to sell substantially all its assets to Energy Reserves Group LLC, the stalking horse bidder for a purchase price of $20 million. The purchase price consists of $8.25 million in cash and in the form of a credit bid against all valid obligations owed to the buyer. The debtor considers the buyer’s offer as the highest and best offer.
Most MLPs earn money by charging oil-and-gas producers to transport or store their products. MLPs have also been popular in recent years because they have provided relatively high returns to otherwise income-starved investors.
Unfortunately for investors in these products, most oil and gas MLPs are down substantially in the last year.
If your financial advisor over-concentrated your portfolio in MLPs, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment (but particularly volatile industries like oil and gas which are so dependent on global demand and supply), can be unsuitable for many investors.
If you lost money investing in the Antero Midstream Partners LP and would like to discuss your litigation options, please call the securities arbitration attorneys of The White Law Group at (888) 637-5510 for a free consultation.
For more information on The White Law Group’s investigation into potential Antero Midstream Partners LP claims, click here.
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 and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.