Soreide Law Group has been contacted by several investors who were recommended, by their brokers, to heavily invest in Emerge Energy Services LP (EMES). Oil and gas stocks are extremely volatile and highly risky. With the plummeting prices of crude, many of these investors have experienced devastating losses.
Emerge Energy Services LP (EMES) 52 week range: 1.97 - 41.14
Emerge Energy Services LP acquires, owns, operates, and develops a portfolio of energy service assets in the United States. The company operates in two segments, Sand and Fuel. The Sand segment is involved in the production and sale of various grades of industrial sand primarily used in the extraction of oil and natural gas, as well as in the production of building products and foundry materials. Emerge Energy Services GP, LLC operates as a general partner of the company. Emerge Energy Services LP was founded in 2012 and is based in Southlake, Texas.
Emerge Energy Services has classified its fuel business as ‘discontinued operations’ as the partnership is willing to sell the unit. The entire earnings of the partnership are now from the sand segment which incurred adjusted loss from continuing operation of $13.5 million. In the quarter a year ago, the company had generated a profit of $24.3 million.
If your broker recommended investing heavily in highly-volatile energy stocks, such as Emerge Energy Services LP (EMES) and you have experienced losses in your retirement-type, otherwise conservative portfolio, please call the Soreide Law Group and speak to a lawyer regarding the possibility of recovering your investment losses. Many of our clients had planned on using the income generated from these stocks for their retirement, and now due to these high-risk investments, have lost a large portion of their retirement income which could ultimately change their lifestyle. Call Soreide Law Group at 888-760-6552, we operate on contingency and represent clients nationwide before FINRA.
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