Robert Kiyosaki hosts a captivating radio show which discusses investing in oil but making investments in ways you may have not thought of before. The theme of this program is a discussion of the advantages of investing in actual physical oil producing wells as opposed to investing into a oil stocks.
It's straight talk conducted so any lay person who may not have finance or investment experience can understand.
For example at 6:20 the discussion goes as follow
Q:Let's say I'm the average guy and I've never invested in a producing well. How do I know which company to turn to and (which one) not to trust.
A: Well you have to build a relationship with them, Kim and for example our company we have about 50 employees. We have a full staff of geologists and engineers. I like to consider oil and gas as kind of like real estate in these unconventional plays because they cover such vast areas. But you have to know which neighborhoods to invest in, in real estate. Same thing in oil and gas. You have to know where the better areas are and that only comes from with working with a company that has basically been in an area for a while and understands the play itself.
Q: Tom, how would you check out an oil company?
A: Thanks for asking. We see clients who don't do their due diligence. They don't investigate... Seriously, the oil industry is an interesting industry. Their a bunch of cowboys. And alot of them will just run off with your money. You have to be very careful. First of all, 'who are you investing with?' Like you say Robert. You can't do a good deal with a bad partner. The oil well can look terrific but if they are going to run off with our money it's not a good deal.