Soreide Law Group has been contacted by investors whose brokers recommended purchasing a high concentration of stock in the energy company, Houston American Energy Corp. (HUSA).
Houston American Energy Corp. (HUSA) 52 week range: 0.15 - 0.43
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Gulf Coast area of the United States and South America. Its oil and gas properties are located primarily in the South American country of Colombia; and in the onshore Gulf Coast region of Texas and Louisiana. As of December 31, 2015, the company owned interests in nine gross wells. Houston American Energy Corp. was founded in 1981 and is based in Houston, Texas.
In May, Houston American Energy said it plans to explore strategic alternatives which included seeking aquisition candidates, a merger partner or sale of assets or the entire company. HUSA said it doesn’t expect to start drilling operations on Serrania during 2016 as previously planned.
As dozens of oil and gas companies go bankrupt, investors are losing their heavily concentrated energy-related portfolios which had been recommended to them by their stock brokers or financial advisors. Many of these retirement aged investors are facing financial ruin which will inevitably lead to a change in lifestyle.
If your broker recommended you invest heavily in these risky oil and gas stocks such as HUSA, and you’ve experienced significant losses, call Soreide Law Group for a no-cost consultation with an attorney on the possibility of recovering your losses at: 888-760-6552.
Soreide Law Group represents our clients nationwide. We operate on a contingency fee.
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