Question for you O&G experts

CEO is not really an O&G guy.. tread carefully...

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So if I owe $80k in taxes, I can invest $100k, deduct the 80k and have no tax liability.

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Please don't rely on this logic for tax prep.

$80k tax liability means somewhere in the $225k range for taxable income.

Offsetting that taxable income would take $225k in deductions.

Investing $100k and getting $80k in deductions would bring your taxable income to $145k.

Thanks. That helps a lot.

I'm going to go ahead and take the call but I need to do something. Ive been able to find the right room on investing and wealth creation matters but can't find the right on tax strategy.

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Does this sound right? Am I way off track here? My CPA and I are meeting with the CEO for an initial call next week.

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I looked at the site a bit, but regardless of the asset class, it would be impossible to believe the retail investors would just be handed quality deals in a format like this.

That's in addition to this at the bottom:

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The foundation of the PetroVybe MOIC Formula is stewardship...a sustained excellence in the leadership of people and the management of resources entrusted to a qualified group of people. It is both mindset and practice, sourced from Biblical principles communicated by Jesus and the Apostle Paul.

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What is disciplined risk mitigation? It’s the tactical application of identifying and preparing for potential dangers that could occur in a project, and how to avoid/defeat them. It’s an essential function within the principles of stewardship, a biblical standard for ensuring excellence in managing the resources of others.

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The better-sounding and more plentiful the bullshite, the worse things actually are. I wouldn't give these people a dime. I spend a lot of time hunting out direct, private O&G deals - both op and non-op - and it's fricking hard to find a good safe one...much less one that hits the supposed numbers here.

Wow. Thanks Big Scrub.

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Wow. Thanks Big Scrub.

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I actually looked more closely at the cast and I did recognize one or two of them. This isn't like they steal your money, but it's more like a way for them to get cheap funding to take fliers for themselves. Heads they win, tails they don't lose.

Interesting.

My CPA was skeptical but agreed to the meeting for his curiosity. As a courtesy, I will keep the meeting and report back.

All in this thread, thank you so much for the information. You collectively answered a lot of the questions I didn't think I could get them to answer.

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When is the meeting? We might be able to come up with some very pointed questions for you to put them on their heels.

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I would be willing to help come up with some questions too

Meeting is Monday afternoon.

Hope they don't see their name on a Google alert and cancel it after reading this thread.

Here's a breakdown:

My wife and I are both W2 employees. We do well, but not OT well. I've always invested - never really speculatively but blue chips and ETFs - 15-20% of my salary every year, first in tax-advantaged accounts, then in taxable.

When I was working home during COVID, I picked up a few investing books to see what I could do better. I started following some guys on Twitter. In October of 2020, one of the guys I really liked recommended a stock that was selling at $8. He suspected that it could hit $20 in six months. I threw about $35k in it.

That stock was Gamestop. I didn't ride it all the way to the top, but I made a ton. It put me in a different room. Since then I have become more diversified and I am trying to catch up on the things wealthy people do. I am not wealthy in the sense that I am sailing on yachts in the Gulf of America, but I am making significantly more in the stock market than I am working.

I read a post on here in October of 2022 about algo trading and AI and dug deep into it. I put $100k into an account in January 2023 and have made 95% and 60% in the two years since. This is completely in taxable accounts so I have a lot of tax liability.

Ive funded a Donor Advised Account, fully funded HSA, everything I can think of. I know, good problem to have, but its frustrating writing that six figure check.

Synopsis: W2 employees with significant taxable investments. Trying to save what I can.

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I would be willing to help come up with some questions too

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Here's a starting list from me, everyone please add:

What is the intended split in the portfolio between op, non-op and royalties?

When investing in non-op, what characteristics do you look for in the underlying operators who will be making all the decisions? What is your due diligence process for uncovering that information? Is debt at the operator level a consideration?

For op, who is your captive operator? Do you actually own a controlling stake? What is their track record?

Which basins do you favor at present (if any)?

What is the intended oil/gas/liquids split in the portfolio?

Across all strategies in the portfolio, what is the hedging plan and what is your means of actually implementing it?

Will there be any distressed opportunities (e.g. busted AFE)?

How much money are YOU putting in the fund?