Ignorance is Bliss, Elroy.
It appears that your prior experience wrt Chevron was an unhappy one. Too bad. Just got hooked up with the wrong operators, it seems.
You seem to have no lack of opinions, yet I see no indication that you have read anything about Peyto.
But you are 'fairly certain' you know what you are talking about. Peyto, btw, is not offering any big oil/gas outfit a piece of the business, in fact they have blown off outside financing from brokers/secondaries, and only used only seed money at inception 4 years ago.
Peyto pays about 7% distribution, puts back 50% into growth of production. Very steady track record of growth. Recent wells are outproducing prior wells in trend, and they raised distribution, while many other O+G trusts are backtracking, cutting distributions. There is a difference.
Then you say I won't know how terribly wrong I will be about my investment until 15 or 20 years from now, LOL.
Thanks for your august advice. This is not going anywhere productive for either of us, so I propose we leave it till this time next year. Let's compare California real estate appreciation to Peyto this time next year.
I'll take my chances with my decision to increase my position in Peyto with some of the proceeds from a loan.
Take a look in 12 months. Btw, I'll still own the house.
James |
