Concerned about your investment losses in CNX Midstream Partners LP?
Have you suffered losses investing in CNX 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 that recommended the investment.
CNX Midstream Partners LP (NYSE: CNXM) is a master limited partnership that owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin in Pennsylvania and West Virginia.
Unfortunately for investors, most oil and gas MLPs are down substantially in the last year. According to Yahoo Finance, year to date, the share price of CNX Midstream Partners LP has reportedly dropped 47%.
In the United States, a master limited partnership (MLP) is a limited partnership that is publicly traded on an exchange qualifying under Section 7704 of the Internal Revenue Code. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities.
MLPs have become a popular way to structure energy/oil and gas investments in the past few years. According to reports, since 2009, MLPs have raised more than $100 billion from initial public offerings and follow-on stock sales. Investors appear to have been lured in to these products by the companies’ assurances of steady payout increases and tax advantages.
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.
Recovery of Investment Losses
The White Law Group is investigating the liability that brokerage firms may have for making unsuitable recommendations of MLPs.
If you lost money investing in the CNX Midstream Partners LP please call the securities arbitration attorneys of The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information on the firm and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.