Sable Permian Resources files for Bankruptcy

Sable Permian Resources LLC Securities Investigation

Are you concerned about your investment in the Sable Permian Resources LLC? If so,  the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.

According to a press announcement on June 26, oil and gas producer Sable Permian Resources on Thursday filed for Chapter 11 bankruptcy protection in the Southern District of Texas, after a deep decline in oil prices during COVID-19 global pandemic.

The company, based in Houston, TX, reportedly said it had secured debtor-in-possession (DIP) financing of $150 million to fund its operations during the restructuring and that it was working with advisers and stakeholders on a range of alternatives.

The company was reportedly created last year when American Energy – Permian Basin LLC, merged with its parent company in an attempt to avoid bankruptcy.

Filing a Complaint against your Brokerage Firm

Broker dealers are required to perform adequate due diligence on all investment recommendations to ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.

The White Law Group is investigating securities claims involving broker dealers who may have unsuitably recommended Sable Permian Resources LLC to investors.

To determine whether you may be able to recover investment losses in Sable Permian Resources LLC, please contact The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.

For more information on the firm, visit www.WhiteSecuritiesLaw.com.