Soreide Law Group is currently investigating, on behalf of investors who have suffered devastating losses from purchasing, at their brokers’ recommendations, shares in:
Transatlantic Petroleum
Symbol: TAT
TAT’s 52 week range: 0.52 - 5.98
TransAtlantic Petroleum, Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas. As of December 31, 2015, the company had interests in 18 onshore and offshore exploration licenses and 25 onshore production leases covering an area of 880,000 net acres in Turkey; and an onshore exploration license and an onshore production concession covering a total of 567,106 acres in Bulgaria. TransAtlantic Petroleum, Ltd. was founded in 1985 and is based in Addison, Texas.
A brief summary of TransAtlantic Petroleum Ltd. for the first quarter ended March 31, 2016, had the revenue at $15.6 million, net loss from continuing operations of $5.6 million and the adjusted EBITDAX from continuing operations at $8.5 million.
No one can predict the future of any particular oil company, but with the Chapter 11 bankruptcy filings this week of both SandRidge and Breitburn, the future looks bleak for many oil and gas companies. Dozens of oil companies have now been thrown into bankruptcy due to the plummeting prices of oil. This leaves the investors at the end of the creditor line once these companies file.
If you or a loved one suffered significant losses in TransAtlantic Petroleum, Ltd (TAT) due to your broker or financial advisor’s recommendations, call Soreide Law Group for a no-cost consultation with a securities lawyer regarding the possibility of recovering your investment losses at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA on contingency fee and we will advance all costs. We are committed to recovering our clients’ losses due to the negligence or fraud by their stock brokers or financial advisors.