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Written by 3:12 pm Blog, Current Investigations

Investor Alert: PDC Energy

PDC Energy

PDC Energy Investment Losses

Have you suffered losses in Petroleum Development Company (PDC Energy)? If so, the securities attorneys of The White Law Group may be able to help you recover your losses with a FINRA arbitration claim against the brokerage firm that recommended the bonds to you.

According to their website, PDC Energy is an exploration and production company headquartered in Denver, Colorado focused on value-added organic growth through active horizontal drilling programs. PDC’s operations include production, development, exploration and marketing of crude oil, natural gas and natural gas liquids.

PDC Energy stopped drilling in 2015, and in December announced plans to restart in 2016 with plans to drill five wells. In August, after the announcement that they had purchased two drillers in Texas, they announced they are floating new shares of stocks and new bonds to help pay for it.

High-Yield Bonds

High-yield bonds—also called non-investment-grade bonds, speculative-grade bonds, or junk bonds—are bonds that are rated below investment grade, typically ‘BB’ or lower by Standard & Poor’s and ‘Ba’ or lower by Moody’s. They pay high yields to bondholders because the borrowers credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds carry an above average risk that the issuer will default on the bond. The increased risk makes them arguably unsuitable for many investors.

Brokerage-firms and investment adviser are required to make investment recommendations that are suitable for their clients in light of their clients particular investment situation – net worth, investment objectives, income, and investment experience.  Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.

If you have lost money investing in the following PDC Energy offerings, then The White Law Group may be able to help:

PDC Energy 6.125% 15sep2024
PDC Energy 1.125% 15sep2021
PDC Energy 7.75% 15oct2022

For more details on high-yield junk bonds, click here.

Recovery of Investment Losses

If you have concerns regarding your investment in PDC Energy, Inc. bonds and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois.

To learn more about The White Law Group visit whitesecuritieslaw.com.

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