Crude Oil investment?
The other day, I was presented with an investment opportunity in a small oil field in North America.
The returns are guaranteed and paid quarterly.
The premise of which is that it is a proven oil field, already tapped out of easy oil, so by using a new process which they couldn't tell me what it was but I suspect it is fracking.
The proposition is very attractive, no doubt but in light of all these investment cases being in the media lately, such as the Gennova gold investment (don't know if it was really a scam, ponzi scheme or just a case of not getting their paperwork done correctly?), I'm rather sceptical.
Finally, it came out that the program has not yet received its certification to be sold to investors yet, so I was not too pleased to have wasted my time on being pitched something that is not approved. Commercial bankers are like that one la.. very compliance focused, you know! LOL
Anyway, lets see how it goes, am still interested in it as it is a fairly short term thing but you know how it is, you may get some attractive returns up front but lose all your capital in the long run! Learnt that the hard way investing in commodities derivatives just because a friend (well, EX-FRIEND now) was a broker. So many friends lost their money through him.
The returns are guaranteed and paid quarterly.
The premise of which is that it is a proven oil field, already tapped out of easy oil, so by using a new process which they couldn't tell me what it was but I suspect it is fracking.
The proposition is very attractive, no doubt but in light of all these investment cases being in the media lately, such as the Gennova gold investment (don't know if it was really a scam, ponzi scheme or just a case of not getting their paperwork done correctly?), I'm rather sceptical.
Finally, it came out that the program has not yet received its certification to be sold to investors yet, so I was not too pleased to have wasted my time on being pitched something that is not approved. Commercial bankers are like that one la.. very compliance focused, you know! LOL
Anyway, lets see how it goes, am still interested in it as it is a fairly short term thing but you know how it is, you may get some attractive returns up front but lose all your capital in the long run! Learnt that the hard way investing in commodities derivatives just because a friend (well, EX-FRIEND now) was a broker. So many friends lost their money through him.
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