Allan Meador and Paul Thomas, the founders of Ledger Petroleum®, have served on numerous charitable, non-profit boards over the last ten years. Their involvement in serving their communities directly influenced their decision to start Ledger Petroleum®.
Allan and Paul’s participation included sitting in on meetings that provided details into each foundation’s financial health. It was common to hear that these organizations were suffering portfolio loss on an annual basis. On one occasion, a financial advisor gave an annual report on that year’s investment performance beginning with, “We did really well for you this past year. We were only down 20% in total value.”
These types of statements — and the general acceptance of portfolio losses — flabbergasted Paul and Allan. They understood that every penny was needed by these organizations. Knowing that non-profits depend on grants and private donations, they also knew that these small organizations could never stand losses of 20% in portfolio value; many would go out of business with those types of results.
While seeking a solution to the problem of unreliable market returns, Paul and Allan defined an opportunity to provide a better option. Their company would be driven by their deep knowledge of the energy and private equity investment business. With the goal of providing cash flow to the partners, Ledger Petroleum, LLC® and its family of managed Funds were created. Since then, Paul and Allan’s asset management practice has provided stability, income, and growth during some of the most trying economic times in history.
The Managing Partner was formed in 2004. The Managing Partner, Ledger Petroleum, LLC® is managed by Paul Thomas and W. Allan Meador.