The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James C. Mc Gowan who wrote (18880)	3/24/2004 1:28:27 AM
From: Elroy Jetson	Read Replies (1) of 306849

I see. So the Step-Out wells, which Peyto invests in, are going to produce just like the wells in the original Unit Agreements. In spite of the phenomenal returns you'll receive, the managing partner of the Unit Agreement has generously decided to give you a big juicy slice of the pie. I worked for Chevron for five years and worked with many Unit Agreement joint ventures. I'm fairly certain there's a lot more to to this type of investment than you understand. When independent oil sharpies like Michael T. Halbouty offered us a piece of a production trust, our geologists, geophysicists as well as the final accounting always painted a much less optimistic picture. Every once in a while, it was actually good enough for Chevron to take a gamble on. The stuff Chevron passed on gets offered to someone else - someone like you. You won't know if your investment was profitable or a tragic loss for fifteen or twenty years. Nothing personal, but my guess is you're in over your head. I certainly wouldn't mortgage your home to make this investment, as you proposed.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next