Current Investigations

CMD Investigating Oil and Gas MLP losses

Carmel, Milazzo & DiChiara LLP (CMD) is investigating investors who sustained losses in Oil and Gas MLPs.

MLP is the common acronym for a Master Limited Partnership.  MLPs are a type of limited partnership or limited liability company that is publicly traded, and receive the same tax benefits as a limited partnership, i.e., it is treated as a “pass through” entity for tax purposes.  Therefore, MLPs combine the tax benefits of limited liability partnership (or company) with the liquidity of a publicly traded security.    Because MLPs are required to draw at least 90 percent of their revenue from natural resources (such as oil and gas), MLPs have been increasingly used as the entity of choice in the energy sector.

For years now, brokerage firms and financial advisors have been recommending oil and gas stocks and master limited partnerships (“MLP”) as “low-risk” investments that provide a steady stream of income.  Many brokers and financial advisors targeted investors seeking income, particularly retirees, claiming that these products would generate immediate income, while being secure because of worldwide growth in the demand for oil and gas.

However, MLPs and oil and gas stocks are extremely complex and high-risk investments.  Oil and gas prices have historically been volatile, subject to significant swings in price (as the market has recently demonstrated).  Additionally, many brokers and investment advisors advised investors to invest large portions of their portfolios in the energy sector, further increasing their exposure to losses in the financial sector.  Moreover, these products are known for the high fees they generate, making them attractive products for unscrupulous brokers to sell their clients.

If you or someone you know has lost money investing in Oil and Gas MLPs, you may be able to recover your losses through securities arbitration.  Brokerage firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim. The attorneys at CMD are experienced in representing investors in suitability, fraud, over concentration and failure to supervise actions against brokers and brokerage firms. CMD accepts cases on a contingency fee basis, which means we only get paid if you get paid.  Your time to file a claim may be limited, so contact us today at (212) 658-0458 or contact@cmdllp.com for a free and confidential case evaluation.

According to Bloomberg, here is the performance of MLPs that CMD is currently investigating:

LP                                                           Sector                                   Ticker Symbol                   1 Year Performance

Alliance Holdings GP LP Coal AHGP -69.29%
Alliance Resource Partners Coal ARLP -68.57%
Alon Partners USA Refiner ALDW -34.71%
American Midstream Partners Natural Gas Midstream AMID -65.92%
Arc Logistic Partners Crude/Refined Storage ARCX -27.04%
Blueknight Energy Partners Oil and Gas Services BKEP -25.73%
Boardwalk Pipeline Partners Natural Gas Midstream BWP -20.60%
Breitburn Energy LP (Monthly) Oil and Gas Production BBEP -91.19%
Calumet Specialty Products LP Specialty Oil Products CLMT -63.26%
Capital Products Partners Tanker Shipping CPLP -57.17%
Columbia Pipeline Partners Natural Gas Midstream CPPL -33.93%
Crestwood Equity Partners Natural Gas Midstream CEQP -82.30%
CrossAmerica Partners Motor Fuel Distribution CAPL -21.75%
CSI Compressco Oil and Gas Services CCLP -60.64%
CVR Partners LP Nitrogen Fertilizer UAN -40.51%
CVR Refining LP Refiner CVRR -38.39%
DCP Midstream Partners Natural Gas Midstream DPM -35.10%
Delek Logistics Partners Oil Gathering/Pipeline DKL -25.74%
Dominion Midstream Partners LNG Import/Export Pipel DM -21.97%
Dorchester Minerals Oil and Gas Production DMLP -57.61%
Dynagas LNG Partners LP Liquid Natural Gas Ship DLNG -48.04%
Emerge Energy LP Frac Sand EMES -92.95%
Enable Mistream Partners LP Midstream Gas and Oil ENBL -61.91%
Enbridge Energy Partners Oil/Gas Pipelines EEP -52.33%
Energy Transfer Equity Partners Natural Gas Midstream ETE -76.13%
Energy Transfer Partners Natural Gas Midstream ETP -49.72%
Enlink Midstream LP Natural Gas Midstream ENLK -61.83%
Enterprise Products Partners Natural Gas Midstream EPD -25.81%
EV Energy Partners LP Oil and Gas Production EVEP -83.99%
Ferrellgas Partners Propane Marketing FGP -18.21%
Foresight Energy LP Coal Production FELP -86.82%
GasLog Partners LNG Shipping GLOP -30.82%
Genesis Energy Partners Oil/Gas Pipelines GEL -40.36%
Global Partners Oil & Gas Marketing GLP -63.47%
Green Plains Partners Ethanol Distribution GPP -20.37%
Hi-Crush Partners Frac Sand HCLP -87.80%
JP Energy Partners LP Oil and Gas Midstream JPEP -58.79%
Legacy Reserves LP Oil and Gas Production LGCY -93.39%
Martin Midstream Partners Natural Gas Midstream MMLP -43.38%
Memorial Production Partners Oil and Gas Production MEMP -86.10%
Mid-Con Energy Partners Oil and Gas Production MCEP -82.69%
Midcoast Energy Partners Natural Gas Midstream MEP -69.76%
MPLX LP Crude Oil Midstream MPLX -65.49%
Natural Resource Partners Coal NRP -87.06%
Navios Maritime Partners Dry Bulk Shipping NMM -90.21%
Navios Maritime Midstream Partners Tanker Shipping NAP -29.72%
New Source Energy Partners LP Oil and Gas Production NSLP -99.56%
NGL Energy Partners Oil and Gas Midstream NGL -69.13%
Nustar Energy Partners Midstream Refined Prod NS -36.02%
OCI Partners Methanol/Ammonia OCIP -60.41%
Oneok Partners Natural Gas Midstream OKS -21.73%
PBF Logistics Partners Oil/Refined Midstream PBFX -21.03%
Phillips 66 Partners LP Oil/Refined Pipelines PSXP -16.32%
Plains All American Pipeline Oil/Gas Pipelines PAA -53.75%
Rose Rock Midstream LP Oil Pipelines and Storage RRMS -76.18%
Southcross Energy LP Natural Gas Midstream SXE -94.41%
Sprague Resources Wholesale Fuels SRLP -22.94%
Suburban Propane Partners Fuel Distribution SPH -29.76%
Summit Midstream Partners Natural Gas Midstream SMLP -53.43%
SunCoke Energy Partners LP Coke Manufacturing SXCP -62.13%
Sunoco Logistic Partners Crude & Refined Pipel SXL -39.24%
Sunoco LP (was Susser) Fuel Distribution SUN -32.53%
Tallgrass Energy LP Natural Gas Midstream TEP -20.80%
Targa Resource Partners LP Natural Gas Midstream NGLS -35.57%
Teekay LNG Partners Liquid Natural Gas Ship TGP -68.27%
Teekay Offshore Partners LP Shuttle Tankers TOO -80.81%
Tesoro Logistics LP Oil Terminals TLLP -22.55%
USA Compression Partners Natural Gas Midstream USAC -45.32%
VTTI Energy Partners Storage VTTI -26.95%
Western Gas Equity Partners Natural Gas Midstream WGP -50.13%
Western Gas Partners Natural Gas Midstream WES -37.22%
Western Refining Logistics Gas/Oil Midstream WNRL -24.97%
Westlake Chemical Partners Ethylene Production WLKP -32.39%
Westmoreland Resource Partners Coal WMLP -61.22%
Williams Partners Natural Gas Midstream WPZ -54.40%
World Point Terminals LP Crude and Refined Storage WPT -23.45%

 

Contact CMD today at (212) 658-0458 or contact@cmdllp.com for a free and confidential case evaluation.

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