Latest / Financial Survival Network / From Drilling to Dollars: The Case for Investing in Oil Wells - Paul Graham #6115

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From Drilling to Dollars: The Case for Investing in Oil Wells - Paul Graham #6115 · Financial Survival Network

• 0:00
  Speaker 1: Reworked wells and drilling into understanding like what the reserves,
• 0:07
  Speaker 1: so knowing how much oil is underneath, right, again you
• 0:11
  Speaker 1: drill into that. But the other piece to add that
• 0:14
  Speaker 1: you know, really makes us successful with the investments we've
• 0:17
  Speaker 1: done as well as raised for is the idea of
• 0:20
  Speaker 1: portfolio of wells. So just like a property, there's a
• 0:24
  Speaker 1: difference between a single property, right who may be doing well,
• 0:26
  Speaker 1: may not be doing well, but the combination of all
• 0:29
  Speaker 1: of them are really then the opportunity to have i
• 0:33
  Speaker 1: mean really just you know security again, this thing, this
• 0:36
  Speaker 1: concept called like a rent roll.
• 0:37
  Speaker 2: Right, you were listening to Carrie.
• 0:39
  Speaker 3: Let'sa's financial survival Network where you get valuable information you
• 0:43
  Speaker 3: just can't find anywhere else to thrive in today's trying times.
• 0:47
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• 0:52
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• 0:56
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• 1:05
  Speaker 2: And welcome you are watching and listening to the Financial
• 1:09
  Speaker 2: Survival Network. I'm your host, Carrie Lutz. Well, today we're
• 1:13
  Speaker 2: going to learn about how you invest in oil and
• 1:16
  Speaker 2: gas wells without buying a stock, Actually investing in the
• 1:21
  Speaker 2: physical will getting a percentage of its profits and a
• 1:25
  Speaker 2: percentage of its tax benefits. Is if you know anything
• 1:29
  Speaker 2: about oil, you know there are huge tax benefits that
• 1:33
  Speaker 2: accrue when you own a producing well. Paul Graham is
• 1:37
  Speaker 2: with us, Paul, Hey, how do you go from real
• 1:40
  Speaker 2: estate broker, real estate agent to selling oil and gas participations?
• 1:47
  Speaker 2: Very very carefully?
• 1:48
  Speaker 1: Sometimes the road is unknown, right, But one thing I've
• 1:53
  Speaker 1: found through just my careers, I found that real estate
• 1:57
  Speaker 1: was very interesting to meeting. I did portfolio commercial office
• 2:00
  Speaker 1: leasing when I was a broker and really found that
• 2:04
  Speaker 1: I'd want to be in the industry and self. But
• 2:06
  Speaker 1: just the investment, the numbers of things were just fascinating
• 2:09
  Speaker 1: to me. One of my superpowers is connecting people to
• 2:11
  Speaker 1: capital and so behold with Strengthfinder two point zero, a
• 2:16
  Speaker 1: little bit of time and knowing the right people kind
• 2:19
  Speaker 1: of landed on the planet called the oil and gas investing.
• 2:22
  Speaker 2: So all right, So I guess there's some similarities here.
• 2:26
  Speaker 1: Yeah, I mean there's a number of different similarities. Like
• 2:29
  Speaker 1: the best way that I go about to like explain
• 2:31
  Speaker 1: this is because most people are familiar with syndications in
• 2:34
  Speaker 1: the multifamily space, mainly because there's more multi family properties
• 2:37
  Speaker 1: than you know, other types of assets. And traditionally that's
• 2:40
  Speaker 1: how people like get into commercial real estate. Right, they
• 2:43
  Speaker 1: know someone who's doing a syndication and they're like, yeah,
• 2:45
  Speaker 1: I'm an expert in you know, multifamily because I lived
• 2:48
  Speaker 1: in an apartment, right, And no shame on, that's just
• 2:51
  Speaker 1: more of like they're familiar with it, right, And so
• 2:54
  Speaker 1: as you look at like how you're comparing them, if
• 2:57
  Speaker 1: you will, from like an investor perspective, a multi family
• 3:00
  Speaker 1: property has a rent role, right. Oil and gas is
• 3:03
  Speaker 1: a little bit of an amoeba. What I mean by
• 3:05
  Speaker 1: that is you can either poke a hole in the ground,
• 3:07
  Speaker 1: right exploratory, it could have oil, it could not. The
• 3:10
  Speaker 1: specific projects that myself and other partners have like raised,
• 3:13
  Speaker 1: you know, at this point over seventeen million dollars for
• 3:15
  Speaker 1: I mean, we actually have a current project right now
• 3:18
  Speaker 1: is on a portfolio of wells to rework existing wells
• 3:22
  Speaker 1: as well as drill new wells on what is known
• 3:25
  Speaker 1: for oil reserves.
• 3:27
  Speaker 2: Right.
• 3:27
  Speaker 1: So just like a rent role, you know, like what
• 3:29
  Speaker 1: has happened, what will happen, and then you're just improving it, right,
• 3:32
  Speaker 1: You're going into those rooms and you're improving them, right,
• 3:35
  Speaker 1: and so really it's just then a transferable type of
• 3:37
  Speaker 1: thought process. And I really want to you know, went
• 3:40
  Speaker 1: through that explanation be because again my point is also education,
• 3:43
  Speaker 1: because you could also talk to someone who's doing oil
• 3:46
  Speaker 1: and gas investment, but they could really just be talking
• 3:48
  Speaker 1: about a poke a hole in the ground, if you will. Right,
• 3:51
  Speaker 1: there's also vertical and horizontal wells, which you know, they're
• 3:54
  Speaker 1: kind of at nuanced sorts, but again just kind of
• 3:55
  Speaker 1: comparing apples to apples, they're kind of just a different
• 3:58
  Speaker 1: you know color.
• 3:59
  Speaker 2: Really. So Okay, so you're selling some reworks which are
• 4:02
  Speaker 2: producing wheels that need redrilled because of the change in
• 4:08
  Speaker 2: the composition, off in the nature of the oil reservoir
• 4:14
  Speaker 2: that they're dealing with the projects you're marketing. Now, are
• 4:19
  Speaker 2: they producing currently producing oil?
• 4:23
  Speaker 1: Yes, they're producing oil. If you know, I had my
• 4:26
  Speaker 1: phone you know, next to me, I could shoot you
• 4:27
  Speaker 1: a photo of some you know oil seeping through for
• 4:31
  Speaker 1: another well that we just you know, brought on live
• 4:34
  Speaker 1: as we're taking capital again to your point, like these
• 4:36
  Speaker 1: are investing into the actual wells themselves and with that
• 4:39
  Speaker 1: ownership and so it's a you know, an intentional bit
• 4:45
  Speaker 1: for when and how you know these wells are you know,
• 4:47
  Speaker 1: brought on and how much they're producing, because again, we
• 4:50
  Speaker 1: have levers as opposed to I mean yeah, kind of
• 4:53
  Speaker 1: like multifamily, you can't really say, hey, person, can you
• 4:55
  Speaker 1: leave for two weeks we kind of want to increase
• 4:57
  Speaker 1: rents and then you can come back. Right with oil
• 5:00
  Speaker 1: and gas, you have those levers with the commodity market,
• 5:03
  Speaker 1: and so you can then play that game really just
• 5:06
  Speaker 1: then say we can maximize returns given the you know,
• 5:10
  Speaker 1: current economic conditions as well as you know, minimize risk
• 5:15
  Speaker 1: to ensure that we're not just producing for the sake
• 5:17
  Speaker 1: of producing, right, So gotcha?
• 5:20
  Speaker 2: Gotcha? Okay, so so there's some production already. Nowten do
• 5:25
  Speaker 2: the distributions get paid out? Are they monthly? Quarterly? As
• 5:28
  Speaker 2: I work?
• 5:29
  Speaker 1: Yeah, so I mean these are you know, monthly distributions.
• 5:33
  Speaker 1: I mean, really, it's just going to the mailbox at
• 5:36
  Speaker 1: this point, right, And I mean that's sincerely of like
• 5:38
  Speaker 1: it is going to the mailbox. It's not like a
• 5:40
  Speaker 1: tenants and toilets you know sort of situation which I've experienced,
• 5:44
  Speaker 1: you know, being a you know owner in real estate.
• 5:46
  Speaker 1: And then just like with syndications, you know, oftentimes there's
• 5:49
  Speaker 1: complex you know, cap tables or what have you. But
• 5:52
  Speaker 1: I mean this is really just a legitimately going to
• 5:55
  Speaker 1: a mailbox type of you.
• 5:56
  Speaker 2: Know, anaria. Okay, so, uh, what kind of return that
• 6:00
  Speaker 2: we look in at here? Yeah, I mean.
• 6:01
  Speaker 1: We're we're i mean underwrote initially like a sixty dollars
• 6:05
  Speaker 1: barrel type you know, framework around that twenty percent. I
• 6:09
  Speaker 1: mean really with oil where it is today and the
• 6:11
  Speaker 1: returns of what we're actually getting today, I mean is
• 6:14
  Speaker 1: between thirty one to thirty three. There's another project we
• 6:18
  Speaker 1: previously had that you know, produced I think it was
• 6:21
  Speaker 1: like forty one. So there are you know a number
• 6:24
  Speaker 1: of these small factors. But it's just to say from
• 6:26
  Speaker 1: a track record standpoint, these at least in my opinion,
• 6:30
  Speaker 1: are enough to get out of bed. Single digit real
• 6:32
  Speaker 1: estate type returns are not. I'll kind of stay in
• 6:35
  Speaker 1: bet at that point, right. You know, there was a
• 6:37
  Speaker 1: high season for you know, the past four years or
• 6:40
  Speaker 1: really like three years if you will, and then now
• 6:42
  Speaker 1: again it's just to say, hey, it's shifted to diversification
• 6:46
  Speaker 1: with something.
• 6:47
  Speaker 2: Like so, so who are the companies that that are
• 6:51
  Speaker 2: selling these participations and what do I need to know
• 6:53
  Speaker 2: about them.
• 6:54
  Speaker 1: So I mean, really, just like any syndication of sorts,
• 6:58
  Speaker 1: it's you know, knowing the operators themselves as well as
• 7:01
  Speaker 1: the details of kind of the market they're you know,
• 7:03
  Speaker 1: playing into. Specifically, you know, with the one that we're
• 7:07
  Speaker 1: raising for today is for through the Travino family. So
• 7:10
  Speaker 1: it's a third generation oil and gas family that, with investments,
• 7:14
  Speaker 1: have then been able to expand you know, their current
• 7:17
  Speaker 1: you know, operating opportunity of which again returns to investors.
• 7:23
  Speaker 1: This is in the Jack County, Texas area, and so
• 7:27
  Speaker 1: you know, very well versed in terms of you know,
• 7:30
  Speaker 1: how oil can be you know, produced as well as transported.
• 7:34
  Speaker 1: So it's not in some you know, boomy kind of
• 7:36
  Speaker 1: place where it's a gold mine, but you know, by
• 7:38
  Speaker 1: the time it comes back, it's you know, you're you're
• 7:41
  Speaker 1: using gas to kind of transport the gas kind of thing, right,
• 7:44
  Speaker 1: So that's a little bit about it.
• 7:46
  Speaker 2: So all right, so, hey, what's the minimum investment in
• 7:50
  Speaker 2: these types of syndications.
• 7:52
  Speaker 1: All over the board? Again, just kind of from an
• 7:54
  Speaker 1: education standpoint, fifty tends to be the minimum for this
• 7:59
  Speaker 1: and kind of another project, it's really been the minimum
• 8:02
  Speaker 1: of one hundred thousand, and you know, we've done different
• 8:05
  Speaker 1: projections so that people can kind of play with numbers
• 8:07
  Speaker 1: of Hey, if I invested one hundred or two hundred,
• 8:10
  Speaker 1: what you know, could that really turn into and again
• 8:13
  Speaker 1: from people coming from real estate to oil, this tends
• 8:16
  Speaker 1: to be the easiest you know, transfer of amount invested,
• 8:20
  Speaker 1: especially because at least with this project you are able
• 8:23
  Speaker 1: to invest with ten thirty one exchange money, which kind
• 8:27
  Speaker 1: of changes the game, right if you've done a ten
• 8:29
  Speaker 1: thirty one, or anyone else who's done a ten thirty one,
• 8:31
  Speaker 1: like I get stressed from it. I'm in the process
• 8:34
  Speaker 1: of maybe schooing another one right now. So just already
• 8:38
  Speaker 1: knowing what I'm gonna invest in and not have this
• 8:42
  Speaker 1: like unknown sort of piece is just in comforting to
• 8:46
  Speaker 1: say the least.
• 8:46
  Speaker 2: So sure now I could see that for sure. All right, So, uh,
• 8:54
  Speaker 2: you have to be accredited for this type of thing
• 8:56
  Speaker 2: or unaccredited?
• 8:58
  Speaker 1: Yeah, I mean, for like, we've we've a couple of
• 9:01
  Speaker 1: projects that are both non accredited and accredited. For myself
• 9:06
  Speaker 1: as well, it's just to say like, hey, like, let's
• 9:08
  Speaker 1: have a conversation. The reason why I'm saying that is
• 9:11
  Speaker 1: because I've looked at a number of thing of leveraging
• 9:13
  Speaker 1: my own finances where oftentimes it's like do I have
• 9:16
  Speaker 1: fifty grand like in the bank to invest? Maybe maybe
• 9:20
  Speaker 1: not right, but there's things like iras that you can
• 9:23
  Speaker 1: you know, transfer into or you know, getting maybe a
• 9:25
  Speaker 1: he lock on your primary to invest. And I'm not
• 9:28
  Speaker 1: saying like you need to do these things, or my
• 9:30
  Speaker 1: point is, you know, certainly want to just be a
• 9:32
  Speaker 1: resource to educate individuals around oil and gas because it
• 9:35
  Speaker 1: is a nuance and some people are to the level
• 9:38
  Speaker 1: of sophistication in terms of explaining and education as well
• 9:42
  Speaker 1: as operating right. And so really just want to ensure
• 9:46
  Speaker 1: regardless of where and how you're investing, to ensure that
• 9:49
  Speaker 1: you know, you have a great investment with amazing operators
• 9:52
  Speaker 1: and you're able to do it. Sometimes people don't feel
• 9:55
  Speaker 1: like they can. But by golly, if you're using this,
• 9:58
  Speaker 1: especially for tax savings, like are you just going to
• 10:00
  Speaker 1: pay the I R S or going to invest in
• 10:02
  Speaker 1: something that then offsets you know that that income, right,
• 10:06
  Speaker 1: and so playing with that working with your CPA. We
• 10:09
  Speaker 1: work with a number of CPAs to help just support
• 10:12
  Speaker 1: that for either you know, this tax season or you
• 10:15
  Speaker 1: know even next so you actually know what's possible and
• 10:18
  Speaker 1: you can do this thing called planning, because there have
• 10:21
  Speaker 1: been years of my life where it's like, oh, don
• 10:23
  Speaker 1: I really should have done that last year, and then
• 10:26
  Speaker 1: I don't do. So that sort of planning sort of
• 10:28
  Speaker 1: piece is uh is an important aspect. But like I said,
• 10:32
  Speaker 1: you know, we have everything tighten it and button up.
• 10:35
  Speaker 1: That's at least why I put my name on it,
• 10:37
  Speaker 1: because I want to always do the best that's possible
• 10:40
  Speaker 1: within just life but also just you know, with relationships,
• 10:44
  Speaker 1: with returns, things like that. And so that's why we
• 10:46
  Speaker 1: really enjoyed working with a third generation you know family
• 10:50
  Speaker 1: oil and gas family.
• 10:51
  Speaker 2: That is so good. So what's the profit split between
• 10:56
  Speaker 2: the promoter and the ters? How does that work?
• 11:01
  Speaker 1: Yeah? So I mean there's a bunch of different What
• 11:05
  Speaker 1: am I trying to say that? Yeah, I mean I
• 11:07
  Speaker 1: R I r R is kind of the best way
• 11:10
  Speaker 1: to go about it, because this isn't a when you
• 11:13
  Speaker 1: compare truly like apples to apples, right, there's different nuances.
• 11:16
  Speaker 1: So it's just to say from an IRR standpoint, you know,
• 11:19
  Speaker 1: twenty six percent of sorts of leases from you know,
• 11:22
  Speaker 1: our underwriting and uh, you know, depending on what's invested
• 11:28
  Speaker 1: and what's then return in terms of expenses. It's not
• 11:32
  Speaker 1: like a traditional waterfall type model in the short explanation,
• 11:35
  Speaker 1: So okay.
• 11:36
  Speaker 2: Gotcha, all right, So obviously it's so how have you
• 11:41
  Speaker 2: seen these deals pay off in the past to have
• 11:45
  Speaker 2: they all worked out? All your deals?
• 11:48
  Speaker 1: So all of ours? Yes, all oil and gas. No,
• 11:52
  Speaker 1: again from my explanation of just kind of like poke
• 11:55
  Speaker 1: on the ground, right, like that's a one hundred percent
• 11:57
  Speaker 1: well maybe one hundred percent risk, but that's not a
• 11:59
  Speaker 1: risk I'm willing to take. I take calculated risk. That
• 12:02
  Speaker 1: just seems like gambling to me personally. So again reworked
• 12:07
  Speaker 1: wells and drilling into understanding like what the reserves, so
• 12:13
  Speaker 1: knowing how much oil is underneath, right, again, you drill
• 12:17
  Speaker 1: into that. But the other piece to add that, you know,
• 12:20
  Speaker 1: really makes us successful with the investments we've you know,
• 12:23
  Speaker 1: done as well as raised for is the idea of
• 12:26
  Speaker 1: portfolio of wells. So just like a property, there's a
• 12:30
  Speaker 1: difference between a single property right who may be doing well,
• 12:33
  Speaker 1: may not be doing well, but the combination of all
• 12:35
  Speaker 1: of them are really then the opportunity to have i
• 12:39
  Speaker 1: mean really just you know, security. Again, this thing this
• 12:42
  Speaker 1: concept called like a rent roll right to you know,
• 12:45
  Speaker 1: stabilize the overall investment, not just that single well, single asset.
• 12:50
  Speaker 2: So very difference being you have a lease of tenants
• 12:55
  Speaker 2: beside leases, and I can't say, well, the price of
• 12:59
  Speaker 2: housing down this month, so you're getting less money from me,
• 13:03
  Speaker 2: but maybe next month it'll go up, so I'll pay
• 13:06
  Speaker 2: you more in rent. Obviously there's market risk here, as
• 13:11
  Speaker 2: there is a market, but sure it's more immediate. Whereas
• 13:16
  Speaker 2: rents might go down in a given area, you're not
• 13:19
  Speaker 2: going to have to worry about it till the lease
• 13:21
  Speaker 2: renewal comes up. But with the oil, your impact from
• 13:27
  Speaker 2: market to fluctuations is more immediate.
• 13:31
  Speaker 1: Right, Yes, it is impactful in the sense of the
• 13:34
  Speaker 1: direct barrel price of oil. Right again in my earlier
• 13:39
  Speaker 1: comment on really levers, right, so if prices are high, well,
• 13:43
  Speaker 1: then great, Like what does that mean in terms of
• 13:45
  Speaker 1: how the operator is going to maybe reduce some of
• 13:47
  Speaker 1: the production on some wells or maybe all wells, So
• 13:50
  Speaker 1: that way, again it's maximizing returns. So even though yes,
• 13:54
  Speaker 1: ideally you want the highest price barrel of oil, there's
• 13:58
  Speaker 1: also something to consider a rent because it is oil
• 14:01
  Speaker 1: and there's only so much oil within that you know,
• 14:04
  Speaker 1: specific reserve. At least with that technology we have today,
• 14:07
  Speaker 1: we initially weren't able to go more than like a mile.
• 14:09
  Speaker 1: Right now we're going all which ways and whatnot and
• 14:12
  Speaker 1: constantly finding oil. My point is that just because oil
• 14:15
  Speaker 1: is high doesn't necessarily mean that we're going to produce
• 14:18
  Speaker 1: at all you know, heights and just you know max
• 14:21
  Speaker 1: it out right, And that's not you know, my role
• 14:24
  Speaker 1: essentially like as an operator. But it's something to understand
• 14:28
  Speaker 1: for operators that they understand this thing called basic economics,
• 14:32
  Speaker 1: right supplying demand to your point to then city to.
• 14:35
  Speaker 2: A few people understand that.
• 14:37
  Speaker 1: I mean, hey, I I took it. I took a
• 14:39
  Speaker 1: class or two in high school. Then you know, going
• 14:42
  Speaker 1: up and curve going down. Then sometimes it's kind of
• 14:45
  Speaker 1: a lime and a coconut. But really it's just to say,
• 14:48
  Speaker 1: like netting, like the operator for how they think that's
• 14:52
  Speaker 1: also going to be you know, how they are in
• 14:56
  Speaker 1: the decisions they make, right, same thing with multifamily, Hey
• 14:59
  Speaker 1: are we going to do you know, cap calls? Are
• 15:01
  Speaker 1: we going to do even you know, all renovations of
• 15:04
  Speaker 1: all the property, or are we going to do over time, Like,
• 15:07
  Speaker 1: it's really then understanding what's possible and then being comfortable
• 15:11
  Speaker 1: with the risk that someone is taking on with the
• 15:14
  Speaker 1: investment and how they're going about that as well, because
• 15:18
  Speaker 1: you can maybe vastly disagree how they're approaching it. But again,
• 15:22
  Speaker 1: if you're getting the returns, do you care? But again,
• 15:24
  Speaker 1: understanding how they could you know, pull those levers is
• 15:27
  Speaker 1: an important for any investment, right. This is regardless of
• 15:30
  Speaker 1: oil and gas. So and that's just what I found
• 15:31
  Speaker 1: from investing in PACID type investments or raising funds in general.
• 15:35
  Speaker 2: So this is not for the faint of heart, right,
• 15:38
  Speaker 2: I mean you think somebody who's been a real estate
• 15:42
  Speaker 2: investor twenty thirty years, how do you feel? You know
• 15:46
  Speaker 2: what I'm saying, I hear it.
• 15:48
  Speaker 1: So my parents were in education and were you know
• 15:54
  Speaker 1: lockeed Martin kind of security, right, just like had to
• 15:57
  Speaker 1: be consistent, like just you know, ucracy to the m degree. Right.
• 16:01
  Speaker 1: My point is just like people will go outside of
• 16:04
  Speaker 1: their threshold with more information, and with more information then
• 16:08
  Speaker 1: it's giving themselves permission to make a decision, right, and
• 16:12
  Speaker 1: so say hey, like here's the type of returns, here's
• 16:14
  Speaker 1: the benefits. It's this thing called oil and gas again. Education. Now,
• 16:18
  Speaker 1: will the twenty thirty year veteran do this or do that?
• 16:21
  Speaker 1: I'm not sure what's their risk portfolio, what's you know,
• 16:24
  Speaker 1: their available cash? Are they looking to sell a property.
• 16:27
  Speaker 1: I've seen people who were house flippers who had a
• 16:29
  Speaker 1: seasoned career with it sell everything, stop the business, put
• 16:33
  Speaker 1: everything into oil and gas and is now coaching individuals
• 16:37
  Speaker 1: on mindset and success. And he's doing well not only
• 16:40
  Speaker 1: for his business but also for his investments. And it
• 16:43
  Speaker 1: really gave him the opportunity to live the ideal life
• 16:46
  Speaker 1: that he really felt like he could. And that's my
• 16:49
  Speaker 1: main mission reason behind just like talking about investments or
• 16:53
  Speaker 1: just like bringing education, like two people, because oftentimes we're
• 16:56
  Speaker 1: maybe one investment that is vetted very well right away
• 17:00
  Speaker 1: from a different type of life. Maybe it's on the
• 17:03
  Speaker 1: beach right with the lines in the coast nuts. Maybe
• 17:05
  Speaker 1: it's just you know, a little you know, Disney World
• 17:07
  Speaker 1: type of play money, right, or maybe it's more security,
• 17:10
  Speaker 1: maybe those type of things. It's definitely not for the
• 17:13
  Speaker 1: faint of heart. But if anyone has wired over, you know,
• 17:16
  Speaker 1: fifty to five hundred grand buying their primary residence, you've
• 17:20
  Speaker 1: already done the same garden thing. It's really just an
• 17:23
  Speaker 1: investment in yourself and in your future than necessarily in
• 17:27
  Speaker 1: the four walls that you're you know, really spending kind
• 17:29
  Speaker 1: of the day to day around.
• 17:30
  Speaker 2: So's totally get what you're saying. And you know, I
• 17:35
  Speaker 2: agree with you, but you know, and I see some overlap,
• 17:40
  Speaker 2: but you know, it's not like you're investing in a
• 17:43
  Speaker 2: business invest in the oil field, although you are to
• 17:50
  Speaker 2: some extent, but you know, it's just a different, different mindset,
• 17:56
  Speaker 2: I guess is the term I'm looking for. All Right,
• 17:59
  Speaker 2: so you involved in this? How do people connect with
• 18:02
  Speaker 2: you on the web and how do you uh, how
• 18:05
  Speaker 2: do you get how do you buy your first oil?
• 18:06
  Speaker 1: Well you can, I mean, if anyone's going to buy themselves,
• 18:10
  Speaker 1: you know, good luck. But jokes aside, it's just saying that,
• 18:13
  Speaker 1: you know, yeah, I hear you. It's just to say that,
• 18:16
  Speaker 1: you know, for us, you know, the best way to
• 18:19
  Speaker 1: connect and like have that conversation is going to Traveno
• 18:22
  Speaker 1: Resources dot com slash invest reason being is just gonna
• 18:26
  Speaker 1: give you the highlights of like y oil and gas
• 18:29
  Speaker 1: and you know, an opportunity to schedule a you know
• 18:32
  Speaker 1: call with myself as well as the main operator of
• 18:35
  Speaker 1: the company to give the information and resources you need
• 18:38
  Speaker 1: to make the best decision for yourself. I'm all all
• 18:42
  Speaker 1: over you know, social media, what have you LinkedIn? Can
• 18:46
  Speaker 1: be a good way to connect with me.
• 18:47
  Speaker 2: Paul H.
• 18:48
  Speaker 1: Graham last name spelled that Graham Cracker and you know,
• 18:53
  Speaker 1: happy to help with anyone for education as well as
• 18:58
  Speaker 1: I mean really just even conversation on capital raising. Sometimes
• 19:01
  Speaker 1: it's kind of tough right now, right in the twenty
• 19:04
  Speaker 1: twenty four market, we're kind of holding back. But we've
• 19:07
  Speaker 1: really seen how people have been holding back, waiting and
• 19:10
  Speaker 1: then come you know, election, and I mean there's at
• 19:14
  Speaker 1: least from some capital institutions or kind of levels like
• 19:18
  Speaker 1: they're kind of waiting to then just you know, press play.
• 19:21
  Speaker 1: So some good opportunities out there.
• 19:24
  Speaker 2: Okay, Hey, you got a question for Paul and myself,
• 19:26
  Speaker 2: shoot me an email kl at carrie lets dot com.
• 19:29
  Speaker 2: I find the oil of investing very intriguing. I've done
• 19:32
  Speaker 2: pretty well in the past when I've done similar types
• 19:36
  Speaker 2: of investments. And hey, you'll find a link right to
• 19:40
  Speaker 2: Paul's site, go over to Financial Survival Network dot com
• 19:44
  Speaker 2: and while you're there, just click the button and subscribe
• 19:49
  Speaker 2: to our free newsletter. All really intriguing investment opportunity option
• 19:55
  Speaker 2: and we'll look forward to having you back on again.
• 19:57
  Speaker 1: Harry, thanks so much for the time, got a blast.
• 20:00
  Speaker 3: Thanks for listening to Carrie Letz's Financial Survival Network, your
• 20:04
  Speaker 3: solution to today's trying times. For the latest, go to
• 20:08
  Speaker 3: Financial Survivalnetwork dot com. Financial Survival Network now more than ever,