Vol 6 Chapter 168: Rest assured and earn boldly

"The other is oil prices," Li Ruiyuan seemed to be upset for a long time. "Crude oil prices, from the beginning of the year to now, have only pulled back four or five times, and each time it has been fine-tuned."

"But the rise is consistent and large,"

Feng Yiping lay on the sofa and turned around, "So, do you feel uneasy?"

He gave full power to Li Ruiyuan's team to deal with this matter. He didn't remember the specific price, but he remembered the price on New Year's Day.

On New Year's Day, the quotations in London and New York were both around US$56.

This price is lower than the end of last year, mainly because the warmer climate and reduced demand before mid-January dragged down oil prices sharply. This is the magic of futures investment, one second of heaven and one second of hell. When investing, You don't even know what factors will make you lose your money or make you soar.

Later, boosted by the hype of heating oil demand and the news of Bush’s expansion of crude oil strategic reserves-no one could predict this factor in advance. A large amount of funds began to buy crude oil futures at a low level around $50. The position level has reached a record high again, and crude oil prices have gradually been supported.

Then, in the face of sluggish oil prices, OPEC adopted consistent measures. Since your prices are low, I will reduce production. In the first quarter, OPEC began to implement further production cuts (500,000 barrels/day), and suddenly oil prices quickly stopped falling and rebounded and broke through 60 Dollar.

Then, in March, Iran detained 15 Royal Navy personnel, the French Marseille oil port workers went on strike, and a series of oil refinery accidents... the price of oil broke through 65 dollars.

In the second quarter, Iran, a major supplier of crude oil, accelerated nuclear enrichment, and Nigeria, another major supplier of crude oil, due to elections triggered violent conflicts...In addition to more frequent refinery accidents, the supply of gasoline in the summer was tight, and crude oil prices fluctuated upward.

In July, the demand for gasoline in the United States once again led to an increase in oil prices-later this task was taken over by our great heaven.

…In short, from the end of July until now, the quotations on both sides of London and New York happen to be around US$76.

Compared with the beginning of the year, it has risen by 20 US dollars per barrel, which is less than half of the increase. It seems that the increase in gold is not comparable, but the scale of crude oil futures trading is much larger than the scale of gold futures trading.

For international crude oil futures, one lot is 1,000 barrels. For the London Brent crude oil futures transaction, the daily trading volume is close to 500,000 lots, plus dozens of times of leverage. So let alone $20 a barrel, that’s The difference of 0.2 dollars a barrel, that is, a loss of 200 dollars in one hand, is enough to make many people leave the market sadly.

"Yes, it's not practical. I think this one is the least practical," said Li Ruiyuan. "Considering the impact of the subsequent financial system crisis in the United States, the global economy will slow down, so I am always worried that this upward momentum cannot be sustained. ,"

On the gold side, it is because of the continuous high-speed rise that makes him feel unreliable, while on the oil side, he feels unreliable because of fear of not rising.

So, this guy is also quite contradictory. It's going up, it's not steady, it's not going up, it's not steady... Is it possible for you to be steady?

"Yiping, under such circumstances, do you think we still insist on doing more oil futures before mid-June next year?"

This is the main reason why he is not at ease.

Now it is more than 70 dollars a barrel. If the subprime mortgage crisis in the United States breaks out-now it seems that it will definitely break out, then the economies of all countries will definitely be greatly affected. In that case, gold can still rise. But how does crude oil rise?

He does not believe that the bull market advocating bulk commodities is coming-resource products such as oil and minerals will reflect their scarcity through prices.

Scarcity is always relative, and the relationship between supply and demand is more direct.

"Mr. Li," Feng Yiping paused, because someone came quietly to him and sat down next to him.

That is naturally Ma Ling.

She dialed Feng Yiping aside, and Feng Yiping immediately happily left half of her room on the sofa.

Ma Ling lay down next to Feng Yiping contentedly, adjusted a few times, put his head on Feng Yiping's chest, closed his eyes, and looked like he was about to sleep.

Feng Yiping suddenly thought of the large ones in the supermarket, such as pandas, monkeys, or pigs, because Ma Ling hugged him, just like the baby he was holding.

Well, she will feel the difference in a while.

"Mr. Li, although most of the time, the oil price itself is not the direct factor that triggered the financial crisis, but from the results, the past economic crises and recessions have often occurred after the skyrocketing oil prices," he said.

"It all happened after the oil price soared?" Li Ruiyuan repeated.

After a while, he understood, "What do you mean, what do you mean... The crisis in the United States should not erupt until after June next year?"

"Yes, this is my judgment based on various factors," Feng Yiping said.

So, when we know the correct result, it is really simple to find a few reasons that people can’t find faults.

He gently patted Ma Ling on the back, as if he was coaxing the child to sleep.

Ma Ling opened his eyes and glanced at him, but didn't do anything. It seemed like a little enjoyment?

Feng Yiping felt that the one lying in his arms was a bit like a kitten.

"I understand, I understand," Li Ruiyuan said repeatedly.

"I understand your worries, and I fully understand that the reason why you are worried is for our profit considerations, but I still want to tell you..." Feng Yiping felt that he had done the work of explaining and comforting him and was ready to end this Conversation.

But Li Ruiyuan interrupted him again, "Yiping, speaking of crude oil, when will our other investment, PetroChina's stock, be liquidated? Is there no need to liquidate?"

"We all know that Buffett has begun to sell his shares in PetroChina in the middle of last month."

"Do we still have to wait until October to sell? Or, can we actually consider holding it for a long time?"

"You see, according to your judgment, the international oil price will continue to grow in the future, and PetroChina, in terms of oil and gas reserves, has new discoveries, which will help its stock price rise."

"Plus, with the current hot domestic stock market, blue-chip stocks like PetroChina, once they return, will definitely be strongly sought after by mainland investors,"

"As well as the statement made by the chairman of PetroChina a few days ago, when returning to A shares, the pricing will try to choose low-priced issuance, to become a stock that every investor can afford,"

"Also, we all know that the valuation of listed companies differs between the Hong Kong Stock Exchange and the Shanghai and Shenzhen Stock Exchanges. Blue chip stocks such as PetroChina, or red chip stocks, often have low stock prices on the Hong Kong Stock Exchange."

"However, domestic regulatory agencies reviewing these A-share listed companies will refer to the valuation and pricing of the Hong Kong Stock Exchange. If the gap is too large, it will be difficult to pass the regulatory review. Therefore, companies will generally try to stretch the Hong Kong stock market before then. share price……"

"Mr. Li, Mr. Li," Feng Yiping interrupted him, "I understand, and I agree with your opinion, so we don’t have to follow Buffett and sell it now, but as late as possible and sell it before it returns. "

"Oh, what do you mean is that before returning to A shares, the price of PetroChina H shares will continue to rise, but you have a conservative view on the future trend?"

"Yes," Feng Yiping said flatly.

In terms of the most pitted stock in China, PetroChina must definitely be counted as one.

On the day it returned to A shares, it closed at 43.96 yuan per share, which was 1.6 times higher than the issue price of 16.7 yuan. But that day was the day when its stock price peaked. In the following month, the stock price fell by one-third, and it was trapped. Nearly 200 billion of funds.

Years later, its stock price has been wandering below 10 yuan (so, I believe that Jiang Moumou, then chairman of PetroChina, was later investigated, and many people must have finally breathed a sigh of disgust).

"I understand your worries and the starting point of your worries. However, for these projects I propose to operate, you can put your heart in your stomach. It is still the established strategy. You will start selling for cash in October. Whether it is 10 billion or 15 billion, it will all be long crude oil futures in June next year."

"Well, don't think too much, eat well, sleep well, make money, just make it boldly, don't feel unreliable,"

The key is that my time is precious now.

He would really want to say something domineeringly, don't bother me for the next 1 billion transactions ~www.wuxiaspot.com~.

As soon as his hand stopped, Ma Ling opened his eyes immediately.

"Go back to your room and sleep. After having supper, it's best to exercise," Feng Yiping said.

Ma Ling gave him a light punch.

"Or, can we set up a tent here?"

"Can the tent be soundproof?" Ma Ling said.

"Sound insulation? What kind of sound?" Feng Yiping didn't understand.

"Hey," his little chest was hit again...

...

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