Soreide Law Group is investigating, on behalf of our clients, stock losses in Royale Energy Inc (ROYL) recommended by their brokers or financial advisors.
ROYL 52-week range was: 0.06 - 1.30
Royale Energy Inc is listed as an independent oil and natural gas producer in the United States. It is involved in the production and sale of natural gas; acquisition of oil and gas lease interests and proved reserves; drilling of exploratory and development wells; and sale of fractional working interests in wells to be drilled. The company also owns and leases wells located primarily in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, Oklahoma, Louisiana, and Alaska. In addition, it owns proved developed producing and non-producing reserves of oil and natural gas in Utah, Texas, Oklahoma, and Louisiana, as well as shale oil property in Alaska. As of December 31, 2015, the company operated 52 natural gas wells in California; and had non-operating interests in 3 natural gas wells in Utah, 12 oil and gas wells in Texas, 2 in Oklahoma, 1 in California, and 1 in Louisiana. It also had proved developed reserves of 2,174 millions of cubic feet (MMCF) and total proved reserves of 2,511 MMCF of natural gas. Royale Energy, Inc. was founded in 1986 and is based in El Cajon, California.
With over 77 oil and gas companies filing for bankruptcy since 2015 due to the plummeting drop in crude oil prices, many oil and gas stocks have created devastating losses in portfolios that were originally set up as low-risk, with retirement as a goal. These stocks were often not explained to clients as high-risk and volatile and were over-concentrated in otherwise conservative portfolios by brokers, sometimes due to the high commissions paid to the brokers.
If you feel your broker over-concentrated your portfolio with high-risk oil and gas stock, such as Royale Energy Inc (ROYL) , and you’ve experienced losses, call Soreide Law Group and speak to a lawyer regarding the possible recovery of your investment at: 800-762-6552.
Soreide Law Group represents clients nationwide, and operates on a contingency fee.
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