Soreide Law Group, is filing cases on behalf of those clients whose brokers recommended purchasing stock in Sanchez Production Partners LP (NYSE: SPP). Many of these investors were clients of Merrill Lynch at the time of the stock purchase, and on the recommendation of their Merrill Lynch brokers, invested heavily in this oil and gas stock. These investors watched as the price of crude oil plummeted along with their investments, and experienced devastating losses.
The 52 week range for SPP is: 4.08 - 19.50
Sanchez Production Partners LP (NYSE MKT: SPP) is a publicly-traded limited partnership and engages in the acquisition, development, ownership, and operation of midstream and other energy production assets in the United States. The company's Exploration and Production segment explore for and produces crude oil and natural gas. It owns producing reserves in the Eagle Ford Shale in South Texas, the Gulf Coast region of Texas and Louisiana, and across various basins in Oklahoma and Kansas. As of December 31, 2015, this segment had proved reserves of approximately 11.6 million barrels of oil equivalent. Its Midstream segment engages in the gathering, processing, and transportation of crude oil, natural gas liquids, and natural gas. This segment owns an oil and natural gas gathering and processing system with approximately 150 miles of gathering lines, compressors, tanks, vessels, and other miscellaneous production infrastructure in the Eagle Ford Shale in Dimmit and Webb Counties, Texas. Sanchez Production Partners GP LLC serves as the general partner of the company. The company was founded in 2005 and is headquartered in Houston, Texas.
If your Merrill Lynch broker recommended investing heavily in the highly-volatile energy stock, Sanchez Production Partners LP, or any other broker/dealer or energy-related stock, and you’ve experienced losses in your otherwise low-risk portfolio, call Soreide Law Group and speak at no cost to a lawyer regarding the possibility of recovering your funds. Many of our clients have lost a large portion of their retirement income due to the loss in oil and gas stocks. Call Soreide Law Group at 888-760-6552. We operate on a contingency fee and represent our clients nationwide before FINRA.
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