In a recent article from The Oxford Club, David Fessler, an energy and infrastructure strategist, released the "Oil Company Death List," a list of his top nineteen oil and gas stocks that may soon 'die.' This list, in no particular order, according to the experts, may be toxic to your portfolio. If your broker or financial advisor recommended any of the following oil and gas stocks for your portfolio, and you suffered substantial losses, call Soreide Law Group and speak to a lawyer at no-cost: 888-760-6552.
Vanguard Natural Resources (NASDAQ: VNR)
LRR Energy L.P. (NYSE: LRE)
Halcón Resources Corp. (NYSE: HK)
EV Energy Partners L.P. (NASDAQ: EVEP)
Goodrich Petroleum Corp. (NYSE: GDP)
Legacy Reserves L.P. (NASDAQ: LGCY)
Magnum Hunter Resources Crop. (NYSE: MHR)
Sanchez Energy Crop. (NYSE: SN)
Warren Resources Inc. (NASDAQ: WRES)
Antero Resources Corp. (NYSE: AR)
Energy XXI Ltd. (NASDAQ: EXXI)
EXCO Resources Inc. (NYSE: XCO)
Exterran Partners L.P. (NASDAQ: EXLP)
Hercules Offshore Inc. (NASDAQ: HERO)
Linn Energy (NASDAQ: LINE)
Parsley Energy Inc. (NYSE: PE)
Rex Energy Corp. (NASDAQ: REXX)
TETRA Technologies (NYSE: TTI)
Vantage Drilling Company (NYSE: VTG)
According to Fessler, the situation is very serious for many oil companies. These oil and gas companies are extremely overleveraged. When oil prices are trading low, these 19 stocks are in danger of going under. Many brokers and financial advisors are still recommending these stocks when it's possible the companies may not survive at the current prices. This list of companies involved in oil drilling, or the providing of services to the sector, was created to focus on the companies who have borrowed too much and are facing defaults in the future.
Soreide Law Group represents clients nationwide: 888-760-6552.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.