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With the oil and gas industry and Wall Street, public sentiment changes quickly.  After over 100 oil- and gas-related companies declared bankruptcy over the past two years, financial analysts are jumping back on the bandwagons of some of the companies emerging from bankruptcy.

A recent Barron’s article profiles six of these oil and gas companies that have come out of bankruptcy since last summer as value purchases.  These companies are Linn Energy, Ultra Petroleum, SandRidge Energy, Halcon Resources, Midstates Petroleum and Goodrich Petroleum.

Barron’s was a consistent critic of the old Linn Energy.  Now, Barron’s says the post-bankruptcy Linn Energy is much different and aims to be a growth-oriented exploration and production company rather than a yield play.  Similarly, an analyst in the report states you can buy the SandRidge stock for less than the value of its proven reserves.  However, prior shareholders received little or nothing in these new companies.

The 2016 Presidential Election is over and President-Elect, Donald J. Trump, will take over as Commander in Chief in January 2017.  The market’s initial reaction to Trump’s ascendancy has been extremely positive; however, it appears that pricing pressure remains in the oil and gas industry.  As 2016 comes to an end, many investors will meet with their trusted tax and estate planning professionals, assess their portfolios, adjust their estate plans, grind their teeth with the dreaded tax bill and pray for the best.  During the pow-wows with your trusted advisors, you may need to discuss your investments in Master Limited Partnerships – good luck! The Securities Arbitration and Investment Litigation Lawyers at the Silver Law Group, Law Office of David Chase, LLC and Ciklin Lubitz & O’Connell (www.oilgasfinraarbitration.com) are currently investigating cases relating to investments in oil, gas and energy linked Master Limited Partnerships (“MLPs”).

MLPs are often associated with oil, gas and energy companies and have been promoted in this low interest rate market as offering an attractive source of dividend income for many years now.  It’s important to note that the over 100 publicly traded MLPs are structured generally such that they pay no corporate taxes but rather pass along certain tax burdens, along with a share of their income (via dividends) directly to investors through units of ownership, not shares.

Since 2014 and the precipitous decline in the price of oil, the value of many MLPs has also significantly declined.  Many MLP issuers are currently teetering on the verge of insolvency and a record number of oil and energy companies (many of them structured as MLPs) filed for bankruptcy in 2015.  Affected investors are finding they have not only suffered a loss of principal, but they may also owe additional taxes on debt that is restructured or forgiven in a MLP bankruptcy or reorganization.

The securities law firms of the Silver Law Group and the Law Office of David R. Chase, PA have joined forces, combining decades of plaintiff securities arbitration experience and resources, to zealously represent investors who have lost money in oil, gas and energy investments.

The Silver Law Group is headed by Scott Silver, Esq., its Managing Partner, who has devoted his legal career to representing aggrieved investors in claims against brokerage firms. Mr. Silver is the Chairman of the Securities Litigation Group of the American Association of Justice (formerly known as the American Trial Lawyers Association). As a result of his success in recovering millions of dollars on behalf of injured investors, Mr. Silver is also a member of the Million Dollar Advocates Forum. Mr. Silver is AV-rated by Martindale-Hubbell and has been honored by being listed in Superlawyers and Florida Trend’s Legal Elite.

The Law Office of David R. Chase, P.A. is headed by David R. Chase, who previously served as Senior Counsel for the United States Securities and Exchange Commission, as well as a Special Assistant United States Attorney in the Economic Crimes Division. After completing his government service, Mr. Chase entered private practice where he has devoted his practice to exclusively handling securities litigation matters. He has served as Chairman of the Securities Litigation Committee of the Dade County Bar Association, and as Co-Chair of the Securities Enforcement Subcommittee of the Business Law Section of the American Bar Association. He has authored articles and been featured as a guest speaker on securities law issues, has been retained as an expert witness on securities law cases and currently is an Adjunct Professor of Law at the University of Miami School of Law where he teaches Securities Litigation and Regulation. Mr. Chase is AV-rated by Martindale-Hubbell.

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