Direct investment in oil and gas wells...sounds good!

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(13-04-2014, 10:42 AM)corydorus Wrote: In investment, i always have a view of "X" instead of "Y". There's need to have some level of motivation and accountability. Handing over money to an entity that you have no clear recourse when difficulty arise and which the motivation itself CAN BE just your money, is playing with luck biased against you significantly.
Thank you for this.

One can never be too careful. I have seen one case where monies were handed over because the investment "sponsor" brought in a reputable law firm. The "sponsor" spent some time in jail for fraud ultimately. The law firm lost some billable hours in the criminal court but was absolved of all responsibility; they were not paid to perform financial or legal due diligence for investors, only to give a talk on "investment101" and draft the contract.
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RE: Direct investment in oil and gas wells...sounds good! - by fat al - 13-04-2014, 10:56 PM

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