January 7, 2014
Oil closed at under $50 today, down over 50% from just a few months ago. For investors in oil and gas royalty trusts this is some very bad news since most of the royalty trusts have followed that same track and are also down 50% or more.
The ten largest royalty trusts traded on the U.S. exchanges are:
Trust Decline in Value Since June 2014
BP Prudhoe Bay Royalty (BPT) down $30Chesapeake Granite Wash (OTC:CHKR) down $5
Hugoton Royalty (HGT) down $4
Sandridge Mississippian I (SDT) down $3
Sandridge Mississippian II (SDR) down $4
Sandridge Permian (PER) down $6
San Juan Basin (SJT) down $5
Pacific Coast Oil (ROYT) down $8
Permian Basin (PBT) down $6
Sabine Royalty Trust (SBR) down $25
Financial advisors have a duty to make suitable recommendations based upon the risk tolerance, investment objectives, age and health of the investor.
If you made investment in a royalty trust on the advice of your financial advisor, you may be able to recover all or some of those losses through FINRA arbitration. Call to discuss your options with an experienced securities attorney.
Rex Securities Law , located in Boca Raton, FL, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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