Chapter 424 Buffett: Mr. Yang, I was wrong
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Yun Zhong Jun Wang
Chapter 424 Buffett: Mr. Yang, I was wrong
Yang Chen and Buffett met in the hotel room.
Buffett very happily shared with Yang Chen the interesting things he encountered during this trip to Hangzhou, basically all of them had something to do with Big Brother.
After talking about the anecdotes of this trip to Hangzhou, Buffett said with a smile: "With regard to the investment of Chenjun Medical Group, our team has decided not to invest for the time being after rigorous review. It's not that we are not optimistic about Chenjun Medical Group, It’s just that we need more data to demonstrate. Mr. Yang also knows that I invest for a long time, and I must make sure that I can make money before I invest.”
Yang Chen: "Haha...it doesn't matter. This is not forced. However, I have to say something up front. If you miss this opportunity, you may not have a chance to invest in Chenjun Medical Group in the future."
Buffett: "Understood! If we really missed this opportunity, it's our own lack of vision, no wonder Mr. Yang."
Yang Chen nodded, and said: "I have a better investment opportunity now, I wonder if Mr. Buffett is interested?"
Buffett: "What kind of opportunity, please tell Mr. Yang in detail."
Yang Chen: "My investment team researched and found that the crude oil market will plummet. I want to harvest oil companies in the Middle East. I wonder if Mr. Buffett is interested in doing it together?"
Buffett was stunned immediately, because his team recently bought 800 million shares of Occidental Petroleum, and the total shareholding ratio has reached 23%.
The reason why they bought so many shares of Occidental Petroleum Company is because the team research shows that the oil price will be very strong in the future, and there is a high probability that it will rise to a certain height and then go sideways, and there will be no decline.
Especially as the global economy begins to recover, the demand for oil in all countries is on the rise. It can be predicted that oil prices will be at a high level for a period of time in the future.
However, Yang Chen's investment team actually came up with the opposite result. They thought that the oil price would plummet, which made Buffett feel incredible.
Star Investment has almost never failed, so there is a high probability that the results of their investment team will not be wrong.
But Berkshire's investment team rarely makes mistakes, and Buffett personally participated in the research, and he is confident that their research results cannot be wrong.
For two diametrically opposite results, one of them must be wrong. Whose result is wrong?
Buffett asked with a smile: "Mr. Yang, what is the basis for you to conclude that the price of oil has fallen?"
Although Yang Chen didn't know how the system caused the oil price to drop, there were only a few reasons for the oil price drop.
Therefore, Yang Chen replied: "On the surface, it seems that the global economy is recovering, but the real situation is that the global economy is in recession. The inflation in the United States is serious, which drives the whole world to follow the inflation. The people dare not consume goods, and a large number of factories stop working or reduce production There are piles of empty containers on the port, the world situation is unstable, tourism and other industries are still in the doldrums, and industrial production, land transportation, aviation, and navigation all reduce the demand for oil. Major oil-producing countries are desperately increasing production, and the market There is an obvious oversupply of oil. The effect of these problems on oil prices will explode soon, and we can definitely make a lot of money by shorting oil in advance."
Buffett could tell that Yang Chen's opinion was exactly the opposite of his.
Buffett believes that the economy is recovering, while Yang Chen believes that the economy is in recession.
That's why they came to two diametrically opposed research results.
Buffett said with a smile: "To be honest, we hold the opposite view with Mr. Yang. We believe that the world economy is in the recovery stage, and the global demand for oil is increasing. The inflation problem you mentioned does exist, but the Fed has already Eight interest rate hikes to deal with inflation, the problem will be alleviated soon. So, sorry, I may not be able to short oil with you."
After all, it is an investment behavior to invest real money, Buffett is not willing, and Yang Chen can't force it.
"Okay! Then we will find opportunities to cooperate in the future. I won't disturb your rest, goodbye." Yang Chen said with a smile, then got up and left.
Walking out of the hotel, Yang Chen immediately issued an order to the system, using the opportunity to suppress a certain industry.
Yang Chen: "Use this opportunity in the oil industry."
System: "After receiving the owner's instruction, use it immediately. This process will take about three days, please wait patiently for the effect to come out. The owner can short crude oil futures now, wait for the crude oil price to drop sharply to close the position, and then use the money earned to The bargain hunters are begging oil and gas companies."
If this wave is handled well, it is not impossible for Yang Chen to earn trillions of rice. Of course, the premise is that he has enough principal.
Yang Chen came to his car and called Jin Ming.
Yang Chen: "Jinming, immediately use all available funds to short crude oil futures or related stocks. If you can increase leverage, increase leverage to the highest multiple. In addition, focus on shorting Jinbai Oil and Gas Company, and try to suppress the company's stock price You must grasp the timing of closing positions, and prepare enough money to pick the bottom to buy gold and worship oil and gas companies. The more you buy, the better."
When Jin Ming heard Yang Chen's order, her reaction was the same as Buffett's.
Now that the global economy is recovering, even if oil prices cannot rise, it is absolutely impossible for them to fall.
What does it mean to short crude oil at this time?
Jin Ming: "Are we going to stud this time to suppress the drop in oil prices?"
Yang Chen: "Yes! Stud is suppressing the drop in oil prices, and is trying to control Jinbai Oil and Gas Company."
Jin Ming: "Okay. Then I'll do it right away."
Jin Ming is a smart person, he listens to what the boss says.
And she also has experience, many times Yang Chen's orders were contrary to the mainstream view, but in the end it turned out that he was right.
This time Yang Chen held a view that was contrary to the mainstream view. Although Jin Ming was puzzled, he didn't say much, just do what he said.
After assigning the task, Yang Chen heaved a sigh of relief and went to the sports car to solicit customers.
In the room, Buffett became more and more uneasy as he thought about it.
He still felt that it was impossible for Yang Chen to make a mistake just this time.
Therefore, he hurriedly asked his assistant to call the investment team for a video conference to re-discuss the prospects of the oil market.
Buffett: "Star Investment boss Yang Chen told me just now that oil prices would drop sharply, and asked me to short oil with him. But the result of our research a while ago was that oil prices would rise sharply, so we bought Occidental Petroleum several times. Stocks, the current shareholding ratio is as high as 23%. I believe that everyone’s research results will not be wrong. But Star Investment has never failed, and they have come to the conclusion that is completely opposite to ours. All shareholders are responsible. I think we should have a serious discussion to see if we missed any key points, which led us to the opposite result from Star Investment.”
After hearing Buffett's words, everyone immediately said that they could not make a mistake, and that Star Investment must have made a mistake this time.
Buffett reminds everyone not to draw conclusions casually, but to give an evaluation after careful discussion.
The boss has spoken, and everyone can only follow suit.
After three hours of discussion, they finally insisted that the previous research results were correct.
Buffett had no choice but to accept the result with a nod.
Seeing that Buffett seemed a little uneasy, the team members expressed their comfort.
"Chairman, don't worry so much, so many of us have studied the results for several months, there can be no mistake."
"I admit that the previous record of Star Investment is indeed very good, but it does not mean that they are always right. According to probability, they should also make a mistake once. Isn't it?"
"That's right! There are no victorious generals in this world, and it's time for Xingchen Investment to fail once."
"In any case, we just need to make sure that our research results are not wrong, and we don't care whether other people's research results are the same as ours. If everyone's research results are the same as ours, then not only our family will make money. Over the years, Is there any other company that can achieve 30 times earnings in ten years like us at Berkshire?"
……
Buffett thinks what everyone said is also reasonable. Investment is originally a few people make money, and most people lose money.
If other people's research results were the same as theirs, Berkshire would not have achieved such a high rate of return.
But he didn't think about whether they would be a member of the majority this time, and Yang Chen would be a member of the minority?
So Buffett said with a smile: "Everyone is right, I believe our research results will not be wrong. Let us wait and see how much loss Star Investment will suffer this time."
"Haha..." Everyone laughed happily.
They think so, then this time Yang Chen is going to give a lesson to the legendary Mr. Buffett in the investment world.
Tomorrow Maya will go to work at Haicheng Bank, Yang Chen will come back early to accompany her.
After going to work, Maya can no longer cook a lot of dishes for Yang Chen every day like before.
So, tonight, Maya deliberately showed her skills and cooked some dishes she is good at.
After dinner and a shower, the two of them went to bed hehehe.
After finishing the work, Maya lay in Yang Chen's arms to watch a movie, while Yang Chen watched the financial news with his mobile phone.
Not long after, Yang Chen came across a related piece of news.
"The United States has decided to step up shale oil development, continue to increase oil exports, and strive to reach 1200 million barrels per day in the shortest possible time, and strive to become the world's largest oil exporter in the shortest possible time."
This news is very useful, it is the news that Yang Chen wants to see.
Because in the absence of a significant increase in demand, a significant increase in supply will inevitably lead to a drop in oil prices.
It seems that the system is starting to work, and the United States took the lead in fighting the oil export battle.
Half an hour later, another news came out.
"Saudi Arabia, the United Arab Emirates, etc. officially announced to increase oil production, and increase daily crude oil production to more than 1000 million barrels within a month, in order to cope with the export competition of the United States."
Then, Maozi, a major oil exporting country, also issued an announcement. They did not increase production, but they lowered the price of oil per barrel to 60 meters gold, and did not rule out further price cuts to cope with the increasingly fierce competition in the international oil market.
We must know that the current international oil price is 70 meters per barrel, and Maozi has lowered it so much all at once. Isn’t this stepping on the table?
The news comment area is very joyful, and the comments from netizens are particularly funny.
"The United States: I will strive to be the world's largest oil exporter. Saudi Arabia, the United Arab Emirates: Don't think about it, we will keep the number one. Maozi: Ma De, more than 50% of my economic resources come from oil. Are you doing this? Give me something to eat, right? All right, then don’t eat it all, I overturned the table!"
"Damn! What does the United States mean? Going to grab oil everywhere, I always thought they were short of oil. But they have such a large reserve, and they still want to compete for the world's number one exporter. They have so much oil, why are they still robbing others? where?"
"I have plenty of oil, but I just don't want to use my own. I just like other people's oil. Hey, I'm just playing."
"Maozi's style of doing things is still as fierce as ever. If you don't give me food, then I will overturn the table. If it doesn't work, I'll piss in the pot, everyone don't eat."
……
Yang Chen looked at the funny comments in the comment area, and couldn't help laughing.
Maya raised her head and asked, "Brother Chen, what are you laughing at?"
Yang Chen: "It's nothing, I saw some interesting news. How long is your movie?"
Maya: "More than 50 minutes."
Yang Chen: "Oh, there's no rush, take your time, I'll watch the news for a while."
A few minutes later, Buffett called Yang Chen.
The old man doesn't sleep in the middle of the night, why call?
Yang Chen: "Hey, old man, what's the matter?"
Buffett: "Mr. Yang, I was wrong, you are still better. I want to short crude oil with you now. You take me and we do it together."
It seems that the old man also saw the relevant news, knowing that the oil price was about to collapse, so he turned his head to seek cooperation with Yang Chen.
Oil is a hard currency, and all countries cannot live without it.
The world consumes 8000 million barrels of oil every day, which means that money from oil is endless, so Yang Chen doesn't need to hold on to Buffett's refusal to cooperate with him before.
And when Yang Chen first went to cooperate with Buffett, he actually had an idea.
Now that Buffett is actively seeking cooperation, he will continue to act according to the original plan.
Yang Chen: "Yes. I'm going to focus on attacking Jinbai Oil and Gas Company. My own funds may not be enough. Mr. Buffett will buy the bottom with me. In the future, when my capital turnover comes back, I will buy your bottom-selling shares according to the price at that time Buy it here. Do you think it will work?"
The market value of Jinbai Petroleum and Natural Gas Company is 1.8 trillion gold. Such a huge market value is really a bit difficult to grasp.
The foreign exchange reserves held by Yang Chen personally and Xingchen Investment are about 5000 billion meters of gold, which are stored in more than 30 foreign banks respectively. It is impossible for him to mobilize all of them to specialize in Jinbai oil and gas companies.
Therefore, inviting Buffett to join the bottom-hunting plan at this time can take advantage of the turmoil in the oil market to lock in more shares. In the future, if Yang Chen buys it from Buffett, he can instantly become one of the main shareholders of Jinbai Oil and Gas Company, and may even become controlling shareholder.
Buffett is an old man, he guessed Yang Chen's intentions in an instant.
"You want to control Jinbai Oil and Gas Company?" Buffett asked.
Yang Chen: "Let me tell the truth. The old man is right, I want to control Jinbai Oil and Gas Company. The old man's investment is to obtain high returns, you are not interested in the company's management and operation. But this time I am rushing Those who want to take control of the stake don’t need to make any profit. The two of us can just work together to achieve mutual benefit and win-win.”
Buffett: "Yes! But Mr. Yang has to agree to two conditions. First, if Chenjun Medical Group succeeds in the future, you will allocate some shares to me. Second, you will buy the shares of Jinbai Oil and Gas Company from me. At that time, it was purchased at a premium of 120% of the current price. If you agree to these two conditions, I will go all out to help Mr. Yang win the controlling stake in Jinbai Oil and Gas Company.”
This old man is really greedy.
However, this is also normal. After all, he is an investor who invests to make money, and it is normal to seek profit.
As long as it is a problem that can be solved with money, it is not a problem.
Yang Chen: "No problem! I agree to the conditions of the old man."
Buffett: "Haha... well, we're done. Let's split up and short Kimber Oil and Gas together."
After hanging up the phone, Maya quickly asked Yang Chen what he wanted to do with Jinbai Oil and Gas Company.
Yang Chen didn't lie to her, he told her the truth.
Maya is not afraid that Yang Chen will control Jinbai Oil and Gas Company, but she is worried that her parents and elder brother will suffer heavy losses because of this, and they will not have enough sources of income to guarantee their livelihood in the future.
Yang Chen comforted: "If I controlled Jinbai Oil and Gas Company, I would definitely not ignore your parents. As for your brother, from the moment he almost strangled you to death, his life and death have nothing to do with you."
Maya nodded and said, "Okay then. As long as you can guarantee the life of my parents, brother Chen. It is definitely more beneficial for me to control Jinbai Oil and Gas Company in your hands than in the hands of others. Oh, yes, wait You control Jinbye Oil and Gas Company, you must remember to help me give that despicable and shameless old man Hillman a lesson. If she didn't force my parents to marry me to him, how could I be forced to have The point where I can’t go home.”
Yang Chen: "Okay, this matter is on me, I will definitely avenge you."
At this time, Prince Lanshid was having a blast in the nightclub.
Ranshid: "Zadubi, tell them that I will take care of all the expenses tonight. But the premise is that they have to shout together, "His Royal Highness Prince Ranshid is extremely honorable"! Haha..."
Zadubi nodded, and hurried to communicate with DJ.
When Miss DJ heard that Prince Jinbai was going to pay for the audience, she quickly turned off the music and said loudly: "Dear guests, let us welcome His Royal Highness Prince Ranshid from Jinbai with the warmest applause!"
The spotlight on the scene was locked on the smug Ransheed, and everyone in the audience cheered and applauded.
Lansheed felt that this was the correct way to open, and he should have been the focus of the audience.
Then Miss DJ said: "Prince Ranshid said that tonight's consumption will be paid by him. Let us shout "His Royal Highness Prince Ranshid is extremely honorable"! I will count one, two and three, everyone shout together! Neatness and loudness are related to who will pay for everyone's consumption tonight. Everyone must be serious. One! Two! Three!"
Who would not like a treat?
If you shout, you can shout, there is no loss, and you will open a few more bottles of good wine to have a good time later.
"His Royal Highness Prince Lanshid is extremely honorable!" The audience shouted.
Ransheed nodded with great satisfaction, and then shouted: "I will pay for all the expenses tonight! Everyone, let's have fun!"
The scene immediately became excited. The guests frantically asked for wine, and they all chose expensive ones. No one asked for beer or cocktails.
In just 10 minutes, all the more expensive wines such as Romanee-Conti and Ace of Spades in the bar were sold out.
The bar hurriedly adjusted the goods, and also bought all the expensive wines from the surrounding bars, and sold them to customers at a higher price.
Because Lanshid pays the bill, everyone doesn't care how much it costs.
When Ransheed was about to leave, the manager brought the bill.
"Your Highness, this is the consumption list so far. The total consumption of the audience is 1582.8 million. You can take a look at the bill, and if you have any questions, you can ask them immediately. If there is no problem, please make an order." The manager said with a smile.
Ranshid: "There's no need to check, pay the bill quickly, I'm going back to the hotel to sleep."
The accompanying financial officer hurriedly swiped the UnionPay card to pay the bill.
Cashier: "Sorry, your card cannot be used to pay."
The atmosphere was awkward.
Are you sure this horse is a prince, not a liar?
(End of this chapter)
Yang Chen and Buffett met in the hotel room.
Buffett very happily shared with Yang Chen the interesting things he encountered during this trip to Hangzhou, basically all of them had something to do with Big Brother.
After talking about the anecdotes of this trip to Hangzhou, Buffett said with a smile: "With regard to the investment of Chenjun Medical Group, our team has decided not to invest for the time being after rigorous review. It's not that we are not optimistic about Chenjun Medical Group, It’s just that we need more data to demonstrate. Mr. Yang also knows that I invest for a long time, and I must make sure that I can make money before I invest.”
Yang Chen: "Haha...it doesn't matter. This is not forced. However, I have to say something up front. If you miss this opportunity, you may not have a chance to invest in Chenjun Medical Group in the future."
Buffett: "Understood! If we really missed this opportunity, it's our own lack of vision, no wonder Mr. Yang."
Yang Chen nodded, and said: "I have a better investment opportunity now, I wonder if Mr. Buffett is interested?"
Buffett: "What kind of opportunity, please tell Mr. Yang in detail."
Yang Chen: "My investment team researched and found that the crude oil market will plummet. I want to harvest oil companies in the Middle East. I wonder if Mr. Buffett is interested in doing it together?"
Buffett was stunned immediately, because his team recently bought 800 million shares of Occidental Petroleum, and the total shareholding ratio has reached 23%.
The reason why they bought so many shares of Occidental Petroleum Company is because the team research shows that the oil price will be very strong in the future, and there is a high probability that it will rise to a certain height and then go sideways, and there will be no decline.
Especially as the global economy begins to recover, the demand for oil in all countries is on the rise. It can be predicted that oil prices will be at a high level for a period of time in the future.
However, Yang Chen's investment team actually came up with the opposite result. They thought that the oil price would plummet, which made Buffett feel incredible.
Star Investment has almost never failed, so there is a high probability that the results of their investment team will not be wrong.
But Berkshire's investment team rarely makes mistakes, and Buffett personally participated in the research, and he is confident that their research results cannot be wrong.
For two diametrically opposite results, one of them must be wrong. Whose result is wrong?
Buffett asked with a smile: "Mr. Yang, what is the basis for you to conclude that the price of oil has fallen?"
Although Yang Chen didn't know how the system caused the oil price to drop, there were only a few reasons for the oil price drop.
Therefore, Yang Chen replied: "On the surface, it seems that the global economy is recovering, but the real situation is that the global economy is in recession. The inflation in the United States is serious, which drives the whole world to follow the inflation. The people dare not consume goods, and a large number of factories stop working or reduce production There are piles of empty containers on the port, the world situation is unstable, tourism and other industries are still in the doldrums, and industrial production, land transportation, aviation, and navigation all reduce the demand for oil. Major oil-producing countries are desperately increasing production, and the market There is an obvious oversupply of oil. The effect of these problems on oil prices will explode soon, and we can definitely make a lot of money by shorting oil in advance."
Buffett could tell that Yang Chen's opinion was exactly the opposite of his.
Buffett believes that the economy is recovering, while Yang Chen believes that the economy is in recession.
That's why they came to two diametrically opposed research results.
Buffett said with a smile: "To be honest, we hold the opposite view with Mr. Yang. We believe that the world economy is in the recovery stage, and the global demand for oil is increasing. The inflation problem you mentioned does exist, but the Fed has already Eight interest rate hikes to deal with inflation, the problem will be alleviated soon. So, sorry, I may not be able to short oil with you."
After all, it is an investment behavior to invest real money, Buffett is not willing, and Yang Chen can't force it.
"Okay! Then we will find opportunities to cooperate in the future. I won't disturb your rest, goodbye." Yang Chen said with a smile, then got up and left.
Walking out of the hotel, Yang Chen immediately issued an order to the system, using the opportunity to suppress a certain industry.
Yang Chen: "Use this opportunity in the oil industry."
System: "After receiving the owner's instruction, use it immediately. This process will take about three days, please wait patiently for the effect to come out. The owner can short crude oil futures now, wait for the crude oil price to drop sharply to close the position, and then use the money earned to The bargain hunters are begging oil and gas companies."
If this wave is handled well, it is not impossible for Yang Chen to earn trillions of rice. Of course, the premise is that he has enough principal.
Yang Chen came to his car and called Jin Ming.
Yang Chen: "Jinming, immediately use all available funds to short crude oil futures or related stocks. If you can increase leverage, increase leverage to the highest multiple. In addition, focus on shorting Jinbai Oil and Gas Company, and try to suppress the company's stock price You must grasp the timing of closing positions, and prepare enough money to pick the bottom to buy gold and worship oil and gas companies. The more you buy, the better."
When Jin Ming heard Yang Chen's order, her reaction was the same as Buffett's.
Now that the global economy is recovering, even if oil prices cannot rise, it is absolutely impossible for them to fall.
What does it mean to short crude oil at this time?
Jin Ming: "Are we going to stud this time to suppress the drop in oil prices?"
Yang Chen: "Yes! Stud is suppressing the drop in oil prices, and is trying to control Jinbai Oil and Gas Company."
Jin Ming: "Okay. Then I'll do it right away."
Jin Ming is a smart person, he listens to what the boss says.
And she also has experience, many times Yang Chen's orders were contrary to the mainstream view, but in the end it turned out that he was right.
This time Yang Chen held a view that was contrary to the mainstream view. Although Jin Ming was puzzled, he didn't say much, just do what he said.
After assigning the task, Yang Chen heaved a sigh of relief and went to the sports car to solicit customers.
In the room, Buffett became more and more uneasy as he thought about it.
He still felt that it was impossible for Yang Chen to make a mistake just this time.
Therefore, he hurriedly asked his assistant to call the investment team for a video conference to re-discuss the prospects of the oil market.
Buffett: "Star Investment boss Yang Chen told me just now that oil prices would drop sharply, and asked me to short oil with him. But the result of our research a while ago was that oil prices would rise sharply, so we bought Occidental Petroleum several times. Stocks, the current shareholding ratio is as high as 23%. I believe that everyone’s research results will not be wrong. But Star Investment has never failed, and they have come to the conclusion that is completely opposite to ours. All shareholders are responsible. I think we should have a serious discussion to see if we missed any key points, which led us to the opposite result from Star Investment.”
After hearing Buffett's words, everyone immediately said that they could not make a mistake, and that Star Investment must have made a mistake this time.
Buffett reminds everyone not to draw conclusions casually, but to give an evaluation after careful discussion.
The boss has spoken, and everyone can only follow suit.
After three hours of discussion, they finally insisted that the previous research results were correct.
Buffett had no choice but to accept the result with a nod.
Seeing that Buffett seemed a little uneasy, the team members expressed their comfort.
"Chairman, don't worry so much, so many of us have studied the results for several months, there can be no mistake."
"I admit that the previous record of Star Investment is indeed very good, but it does not mean that they are always right. According to probability, they should also make a mistake once. Isn't it?"
"That's right! There are no victorious generals in this world, and it's time for Xingchen Investment to fail once."
"In any case, we just need to make sure that our research results are not wrong, and we don't care whether other people's research results are the same as ours. If everyone's research results are the same as ours, then not only our family will make money. Over the years, Is there any other company that can achieve 30 times earnings in ten years like us at Berkshire?"
……
Buffett thinks what everyone said is also reasonable. Investment is originally a few people make money, and most people lose money.
If other people's research results were the same as theirs, Berkshire would not have achieved such a high rate of return.
But he didn't think about whether they would be a member of the majority this time, and Yang Chen would be a member of the minority?
So Buffett said with a smile: "Everyone is right, I believe our research results will not be wrong. Let us wait and see how much loss Star Investment will suffer this time."
"Haha..." Everyone laughed happily.
They think so, then this time Yang Chen is going to give a lesson to the legendary Mr. Buffett in the investment world.
Tomorrow Maya will go to work at Haicheng Bank, Yang Chen will come back early to accompany her.
After going to work, Maya can no longer cook a lot of dishes for Yang Chen every day like before.
So, tonight, Maya deliberately showed her skills and cooked some dishes she is good at.
After dinner and a shower, the two of them went to bed hehehe.
After finishing the work, Maya lay in Yang Chen's arms to watch a movie, while Yang Chen watched the financial news with his mobile phone.
Not long after, Yang Chen came across a related piece of news.
"The United States has decided to step up shale oil development, continue to increase oil exports, and strive to reach 1200 million barrels per day in the shortest possible time, and strive to become the world's largest oil exporter in the shortest possible time."
This news is very useful, it is the news that Yang Chen wants to see.
Because in the absence of a significant increase in demand, a significant increase in supply will inevitably lead to a drop in oil prices.
It seems that the system is starting to work, and the United States took the lead in fighting the oil export battle.
Half an hour later, another news came out.
"Saudi Arabia, the United Arab Emirates, etc. officially announced to increase oil production, and increase daily crude oil production to more than 1000 million barrels within a month, in order to cope with the export competition of the United States."
Then, Maozi, a major oil exporting country, also issued an announcement. They did not increase production, but they lowered the price of oil per barrel to 60 meters gold, and did not rule out further price cuts to cope with the increasingly fierce competition in the international oil market.
We must know that the current international oil price is 70 meters per barrel, and Maozi has lowered it so much all at once. Isn’t this stepping on the table?
The news comment area is very joyful, and the comments from netizens are particularly funny.
"The United States: I will strive to be the world's largest oil exporter. Saudi Arabia, the United Arab Emirates: Don't think about it, we will keep the number one. Maozi: Ma De, more than 50% of my economic resources come from oil. Are you doing this? Give me something to eat, right? All right, then don’t eat it all, I overturned the table!"
"Damn! What does the United States mean? Going to grab oil everywhere, I always thought they were short of oil. But they have such a large reserve, and they still want to compete for the world's number one exporter. They have so much oil, why are they still robbing others? where?"
"I have plenty of oil, but I just don't want to use my own. I just like other people's oil. Hey, I'm just playing."
"Maozi's style of doing things is still as fierce as ever. If you don't give me food, then I will overturn the table. If it doesn't work, I'll piss in the pot, everyone don't eat."
……
Yang Chen looked at the funny comments in the comment area, and couldn't help laughing.
Maya raised her head and asked, "Brother Chen, what are you laughing at?"
Yang Chen: "It's nothing, I saw some interesting news. How long is your movie?"
Maya: "More than 50 minutes."
Yang Chen: "Oh, there's no rush, take your time, I'll watch the news for a while."
A few minutes later, Buffett called Yang Chen.
The old man doesn't sleep in the middle of the night, why call?
Yang Chen: "Hey, old man, what's the matter?"
Buffett: "Mr. Yang, I was wrong, you are still better. I want to short crude oil with you now. You take me and we do it together."
It seems that the old man also saw the relevant news, knowing that the oil price was about to collapse, so he turned his head to seek cooperation with Yang Chen.
Oil is a hard currency, and all countries cannot live without it.
The world consumes 8000 million barrels of oil every day, which means that money from oil is endless, so Yang Chen doesn't need to hold on to Buffett's refusal to cooperate with him before.
And when Yang Chen first went to cooperate with Buffett, he actually had an idea.
Now that Buffett is actively seeking cooperation, he will continue to act according to the original plan.
Yang Chen: "Yes. I'm going to focus on attacking Jinbai Oil and Gas Company. My own funds may not be enough. Mr. Buffett will buy the bottom with me. In the future, when my capital turnover comes back, I will buy your bottom-selling shares according to the price at that time Buy it here. Do you think it will work?"
The market value of Jinbai Petroleum and Natural Gas Company is 1.8 trillion gold. Such a huge market value is really a bit difficult to grasp.
The foreign exchange reserves held by Yang Chen personally and Xingchen Investment are about 5000 billion meters of gold, which are stored in more than 30 foreign banks respectively. It is impossible for him to mobilize all of them to specialize in Jinbai oil and gas companies.
Therefore, inviting Buffett to join the bottom-hunting plan at this time can take advantage of the turmoil in the oil market to lock in more shares. In the future, if Yang Chen buys it from Buffett, he can instantly become one of the main shareholders of Jinbai Oil and Gas Company, and may even become controlling shareholder.
Buffett is an old man, he guessed Yang Chen's intentions in an instant.
"You want to control Jinbai Oil and Gas Company?" Buffett asked.
Yang Chen: "Let me tell the truth. The old man is right, I want to control Jinbai Oil and Gas Company. The old man's investment is to obtain high returns, you are not interested in the company's management and operation. But this time I am rushing Those who want to take control of the stake don’t need to make any profit. The two of us can just work together to achieve mutual benefit and win-win.”
Buffett: "Yes! But Mr. Yang has to agree to two conditions. First, if Chenjun Medical Group succeeds in the future, you will allocate some shares to me. Second, you will buy the shares of Jinbai Oil and Gas Company from me. At that time, it was purchased at a premium of 120% of the current price. If you agree to these two conditions, I will go all out to help Mr. Yang win the controlling stake in Jinbai Oil and Gas Company.”
This old man is really greedy.
However, this is also normal. After all, he is an investor who invests to make money, and it is normal to seek profit.
As long as it is a problem that can be solved with money, it is not a problem.
Yang Chen: "No problem! I agree to the conditions of the old man."
Buffett: "Haha... well, we're done. Let's split up and short Kimber Oil and Gas together."
After hanging up the phone, Maya quickly asked Yang Chen what he wanted to do with Jinbai Oil and Gas Company.
Yang Chen didn't lie to her, he told her the truth.
Maya is not afraid that Yang Chen will control Jinbai Oil and Gas Company, but she is worried that her parents and elder brother will suffer heavy losses because of this, and they will not have enough sources of income to guarantee their livelihood in the future.
Yang Chen comforted: "If I controlled Jinbai Oil and Gas Company, I would definitely not ignore your parents. As for your brother, from the moment he almost strangled you to death, his life and death have nothing to do with you."
Maya nodded and said, "Okay then. As long as you can guarantee the life of my parents, brother Chen. It is definitely more beneficial for me to control Jinbai Oil and Gas Company in your hands than in the hands of others. Oh, yes, wait You control Jinbye Oil and Gas Company, you must remember to help me give that despicable and shameless old man Hillman a lesson. If she didn't force my parents to marry me to him, how could I be forced to have The point where I can’t go home.”
Yang Chen: "Okay, this matter is on me, I will definitely avenge you."
At this time, Prince Lanshid was having a blast in the nightclub.
Ranshid: "Zadubi, tell them that I will take care of all the expenses tonight. But the premise is that they have to shout together, "His Royal Highness Prince Ranshid is extremely honorable"! Haha..."
Zadubi nodded, and hurried to communicate with DJ.
When Miss DJ heard that Prince Jinbai was going to pay for the audience, she quickly turned off the music and said loudly: "Dear guests, let us welcome His Royal Highness Prince Ranshid from Jinbai with the warmest applause!"
The spotlight on the scene was locked on the smug Ransheed, and everyone in the audience cheered and applauded.
Lansheed felt that this was the correct way to open, and he should have been the focus of the audience.
Then Miss DJ said: "Prince Ranshid said that tonight's consumption will be paid by him. Let us shout "His Royal Highness Prince Ranshid is extremely honorable"! I will count one, two and three, everyone shout together! Neatness and loudness are related to who will pay for everyone's consumption tonight. Everyone must be serious. One! Two! Three!"
Who would not like a treat?
If you shout, you can shout, there is no loss, and you will open a few more bottles of good wine to have a good time later.
"His Royal Highness Prince Lanshid is extremely honorable!" The audience shouted.
Ransheed nodded with great satisfaction, and then shouted: "I will pay for all the expenses tonight! Everyone, let's have fun!"
The scene immediately became excited. The guests frantically asked for wine, and they all chose expensive ones. No one asked for beer or cocktails.
In just 10 minutes, all the more expensive wines such as Romanee-Conti and Ace of Spades in the bar were sold out.
The bar hurriedly adjusted the goods, and also bought all the expensive wines from the surrounding bars, and sold them to customers at a higher price.
Because Lanshid pays the bill, everyone doesn't care how much it costs.
When Ransheed was about to leave, the manager brought the bill.
"Your Highness, this is the consumption list so far. The total consumption of the audience is 1582.8 million. You can take a look at the bill, and if you have any questions, you can ask them immediately. If there is no problem, please make an order." The manager said with a smile.
Ranshid: "There's no need to check, pay the bill quickly, I'm going back to the hotel to sleep."
The accompanying financial officer hurriedly swiped the UnionPay card to pay the bill.
Cashier: "Sorry, your card cannot be used to pay."
The atmosphere was awkward.
Are you sure this horse is a prince, not a liar?
(End of this chapter)
