Welcome to the Investor's Guide to Joy, where we explore accredited investors' mindset, lifestyle, and perspective. Join us as we learn from their experiences, give ourselves permission to pursue our deepest desires, find the encouragement to take action, and grow into the best version of ourselves. Hosted by Paul Graham, a serial entrepreneur from Austin, TX, the podcast is a way to chase your dreams with purpose and joy by changing your life by one degree.
Check out my substack: https://substack.com/@anotherpaulgraham
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Welcome to the Investor's Guide to Joy, where we explore accredited investors' mindset, lifestyle, and perspective. Join us as we learn from their experiences, give ourselves permission to pursue our deepest desires, find the encouragement to take action, and grow into the best version of ourselves. Hosted by Paul Graham, a serial entrepreneur from Austin, TX, the podcast is a way to chase your dreams with purpose and joy by changing your life by one degree.
Check out my substack: https://substack.com/@anotherpaulgraham
In this episode, Paul Graham and Michael Tanner delve into the intricacies of oil and gas investing, emphasizing its potential as a diversification strategy for investors. They discuss the distinctions between major oil companies and the mid-sized operators that play a significant role in U.S. production. Tanner explains various investment avenues, including equities, syndications, and direct working interests, while highlighting the importance of understanding fee structures and the potential for monthly cash flow. He also shares insights on the unique cash flow dynamics of oil and gas investments, which may offer more consistent returns compared to traditional real estate, while addressing the challenges of exit strategies in this sector.Tanner further explores the compelling tax benefits of oil and gas investments, noting that investors can potentially write off 70% to 100% of their total investments, making it particularly appealing to high-net-worth individuals. He discusses the differences between syndications, which group multiple projects, and direct working interests, which focus on specific drilling programs, encouraging investors to evaluate sponsors and operators carefully. Additionally, Tanner highlights the long-term viability of oil and gas within the energy landscape, underscoring the growing importance of natural gas and the trend toward vertical wells for quicker returns. Listeners are invited to explore Sandstone’s deal evaluation resources and seek personalized advice to navigate this complex market effectively.Highlights of the Podcast00:08 - Introduction to Oil and Gas Investment01:22 - Understanding the Industry03:12 - Investment Avenues07:58 - Fee Structures14:05 - Monthly Cash Flow18:18 - Exit Value Considerations21:04 - About Sandstone22:36 - Tax Benefits of Oil and Gas Investments26:32 - Passive Investment Nature30:54 - Investment Structures36:03 - Five Essential Questions for Sponsors38:36 - Long-Term Outlook on Oil and Gas40:31 - Industry Trends41:53 - Underwriting and Evaluation Resources
The Investor's Guide To Joy
Welcome to the Investor's Guide to Joy, where we explore accredited investors' mindset, lifestyle, and perspective. Join us as we learn from their experiences, give ourselves permission to pursue our deepest desires, find the encouragement to take action, and grow into the best version of ourselves. Hosted by Paul Graham, a serial entrepreneur from Austin, TX, the podcast is a way to chase your dreams with purpose and joy by changing your life by one degree.
Check out my substack: https://substack.com/@anotherpaulgraham
