Russia and Saudi Arabia’s oil price war rages on. Both countries continue to produce oil, increasing the world’s supply–so much so that that world is having trouble storing it. And the longer this war rages, American oil producers’ situation worsens on the heels of United States’ recent coronation as the world’s top oil producer. The […]
The Wall Street Journal recently reported in the article, The Oil Crash is Hitting this Investment Hard, “the plunge in crude-oil prices is sending shock waves through closed-end funds tracking the energy sector, highlighting how the market turmoil is hitting products popular with ordinary investors seeking to boost returns during the long bull market.” Goldman […]
Master Limited Partnerships are pass-through entities structured as publicly traded partnerships (PTPs). MLPs pay no corporate-level taxes and taxes are instead paid at the individual unitholder level. In addition to avoiding double taxation, a portion of the cash distribution paid by an MLP is typically tax deferred at 50-100%. MLPs usually have a limited partner […]
The Law Offices of Patrick R. Mahoney, P.C. is investigating accounts that are over-concentrated in the oil and gas sector. In the first ten days of March, oil prices fell more than 30 percent. On March 9, 2020, oil’s drop represented the largest single-day move since 1991 during the first Gulf War. Investors who have […]
Investors who hold structured products (also known as “structured notes”) tied to oil and gas may be at risk of significant losses. This may include structured notes tied to the following stocks, among others: Western Midstream Partners, LP (WES) Apache Corporation (APA); Targa Resources Corp. (TRGP); Continental Resources, Inc. (CLR); Cenovus Energy Inc. (CVE); Occidential […]