February 11, 2016
In less than 24 months, the price of oil per barrel has fallen from $100 in June 2014 to a thirteen year low of $27. Natural gas prices also were hit hard in 2015, falling to levels not seen for more than a decade. Not surprisingly this decline in commodity prices has driven down the values energy companies, including these examples:
Chesapeake Energy (CHK) , over $20 in March is trading at $1.75.
Kinder Morgan (KMI) , over $40 in March 2015 is trading at $13.95
Range Resources (RRC) is down over 50% to under $27.
Marathon Oil (MRO) down from over $30 to $7.
WIlliams Companies (WMB) down from $60 June 2015 to just over $13.
Linn Energy (LINE) traded at nearly $14 in May 2015 is 37 cents.
Denbury Resources (DNR) traded at over $8 last spring is now barely over $1.
Transocean Ltd. (RIG) trading at $20 last spring is $8.60.
If you have substantial losses in energy investments including stocks, limited partnerships and private placements and believe that your broker made recommendations that are not consistent with your investment objectives or not consistent with your risk tolerance, contact us to find out how you may be able to recover damages through FINRA arbitration .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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