EnerVest managed oil and gas properties on behalf of private institutional investors, such as pension plans, university endowments, and family foundations.
They bought and operated 40,000 oil and gas wells in 15 states.
They were highly leveraged. When the price of oil plunged, they could not pay back the money that they had borrowed to buy the wells.
The TSP only invests in broad indices (large caps, medium and small caps, non-US large caps), not in sector funds.
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Posted by: sarah_oz@yahoo.com
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
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