In this rapid fire round, Carrie Cook, CEO of Preferred Trust, asks Derreck Long, Wealth Manager at Eckard Enterprises, various aspects of investing in the oil and gas industry. The conversation quickly covers different ways individuals can invest in oil and gas, the risks involved, conducting due diligence, ongoing costs, the impact of governmental changes, myths and misconceptions, and future predictions for the industry. Derek provides valuable insights and advice for investors interested in oil and gas investments.
 
Takeaways

There are three common ways to invest in the oil and gas industry: working interest, mineral rights, and pipeline investments.
Investors should conduct proper due diligence by talking to other partners or investors and reviewing rate of return sheets.
Ongoing costs in oil and gas investments vary depending on the type of investment, with mineral rights having no additional costs and working interest potentially requiring capital calls.
Governmental changes, such as new regulations or policies, can impact investments in the oil and gas sector, but the industry tends to be resilient regardless of political factors.
Common myths and misconceptions about investing in oil and gas include the belief that it is only related to gasoline and the misconception that alternative energy sources will eliminate the need for oil and gas.
Experts predict a positive future for the oil and gas industry, with expectations of increasing oil prices and opportunities for investors to position themselves for potential growth.


Chapters
00:00Introduction
00:30Chapter 1: Ways to Invest in Oil and Gas
01:52Chapter 2: Risks and Mitigation in Oil and Gas Investments
03:32Chapter 3: Conducting Due Diligence in Oil and Gas Investments
04:10Chapter 4: Ongoing Costs in Oil and Gas Investments

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