Shaping the Future of Energy: Insights from Oilman News
Our Brand.
At Oilman News, our mission transcends beyond merely being a part of oil and gas transactions; we are here to guide and ensure the success of our clients in every deal. Our unique position allows us to offer support that not only aims at achieving immediate goals but also focuses on fostering long-term relationships between trading partners.
We believe in facilitating deals where both parties come away satisfied, eager to engage in future transactions together. Our commitment to integrity, transparency, and efficiency positions us as a trusted ally in navigating the complex landscape of the oil and gas industry.
3 Keys to Success
1. Unrealistic Demands for Proof of Product (POP): If a buyer insists on receiving POP before providing any form of financial commitment or proof of funds, this often indicates a lack of understanding of industry norms or an unrealistic approach to the transaction process.
2. Insistence on Custom Procedures Contrary to Industry Standards: Buyers or brokers who demand procedures that deviate significantly from established industry practices, such as expecting quick turnarounds without proper due diligence or skipping essential financial guarantees, may not be engaging in a serious or feasible deal.
3. Aggressive and Unrealistic Timeframes: Deals that are pushed to close in an unrealistically short period, disregarding the time needed for thorough vetting, financial guarantees, and logistical arrangements, often signal a lack of genuine commitment or understanding of the oil and gas transaction process.
3 Red Flags: When to Steer Clear
1. Unrealistic Demands for Proof of Product (POP):If a buyer insists on receiving POP before providing any form of financial commitment or proof of funds, this often indicates a lack of understanding of industry norms or an unrealistic approach to the transaction process.
2. Insistence on Custom Procedures Contrary to Industry Standards:Buyers or brokers who demand procedures that deviate significantly from established industry practices, such as expecting quick turnarounds without proper due diligence or skipping essential financial guarantees, may not be engaging in a serious or feasible deal.
3. Aggressive and Unrealistic Timeframes:Deals that are pushed to close in an unrealistically short period, disregarding the time needed for thorough vetting, financial guarantees, and logistical arrangements, often signal a lack of genuine commitment or understanding of the oil and gas transaction process.
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