Investors in Energy 11, L.P. (“Energy 11”) may be able to recover investment losses through FINRA arbitration. if their investment was recommended by a financial advisor who lacked a reasonable basis for the recommendation, or if the nature of the investment was misrepresented by the stockbroker or advisor.
On March 19, 2020, Energy 11 announced that it would suspend distributions to limited partners until further notice, citing “recent volatility in the market and oil prices in particular” that “has caused uncertainty to our cash flow for the remainder of 2020.” Energy 11’s letter announcing the suspension is accessible here. ex_178082
Energy 11 has published an estimated per common unit value of its common units of $13.82 as of December 31, 2019. However, this value may be premised in part on oil prices of over $50 a barrel that prevailed in 2019. Oil prices have since plummeted to less than $30 a barrel as of this writing in March 2020.