Financial reports indicate that Sanchez Midstream’s share price has declined 86% in the last year.
The Sonn Law Group is investigating Sanchez Midstream Partners. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Sanchez Midstream Partners (“SMP”) is a master limited partnership that engages in the acquisition, development, ownership, and operation of midstream and other energy-related assets in the United States. Like most oil and gas master limited partnerships, the value of SMP shares has dropped significantly in the past year.
Master limited partnerships have recently become a popular way to structure oil and gas/energy investments. According to reports, MLPs have raised more than $100 billion from public initial offerings and follow-on stock sales since 2009. Investors seem to have been advertised these products with the companies’ assurances of steady payout increases and tax advantages.
A majority of MLPs earn money by charging oil and gas producers to transport or store products. If your financial advisor over-concentrated your portfolio in MLPs, you may have a claim to recover losses.
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The Sonn Law Group is currently investigating allegations of misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.