legendary trader

Chapter 179 Investing in Oil Fields
After laughing with Zheng Xiaopang for a while, Chen Fan got up and walked out, saying as he walked, "Go back and read the latest analysis report, and see how the outside institutions see the changes in crude oil prices." '

Zheng Xiaopang also stood up and followed Chen Fan to the office.

Walking into the office, sitting on a chair, the secretary brought tea and the latest analysis report.

Zheng Xiaopang was drinking tea while watching Chen Fan slowly flipping through the materials, and asked after a while, "What do foreigners say?"

"Fly up and then fall." Chen Fan answered Zheng Xiaopang directly without looking up, still slowly flipping through the report in his hand.

Zheng Xiaopang felt his heart being trampled by thousands of alpacas in an instant, and held back for a long time without speaking.

After waiting for a while, Chen Fan threw the analysis report on the desk, and Zheng Xiaopang picked it up and briefly read it. He only focused on the analysis content of the three assets of the U.S. stock market, gold, and crude oil. Throw the analysis report on the table.

"I have read a lot of these analysis reports during this time, and I feel that these reports are not worth seeing."

After throwing away the report, Zheng Xiaopang picked up the tea on the table and talked while drinking.

Chen Fan smiled and said: "It's all common sense, but it's normal. Unless there are special circumstances, the analysis report can only be written like this. You don't think that there are shady things behind everything that happens. All analysis reports should come up with unconventional views that violate common sense."

Putting down his teacup, Zheng Xiaopang said: "The report said that gold might fall to 280 yuan, which is different from your analysis."

"I'm just saying it casually. I can't guarantee that gold will fall below 250." Chen Fan took out a pack of cigarettes from the drawer, threw one to Zheng Xiaopang, and lit one himself before continuing: "I just can't see where gold will fall, so I dare not short gold."

"What about crude oil?" Zheng Xiaopang asked.

Chen Fan thought about it and said: "The analysis report judged the price based on supply and demand, and believed that the reasonable price of crude oil was 15-16 yuan, but ignored the reason why Saudi Arabia launched the price war. Maybe they thought it was just a short-term impact. After all, the price is high. , It is only profitable for the oil-producing countries, and lowering the price is a matter of hurting the enemy's one thousand and self-defeating eight hundred. According to the logic of Westerners, it is impossible to do business at a loss."

Zheng Xiaopang nodded and seemed to agree with Chen Fan's statement, but he still said with some doubts: "It is said above that if the price of crude oil falls to a severe level, it is not ruled out that the U.S. government will enter the market to sweep up goods and expand strategic reserves. This should be blocked. There is room for the price of oil to fall.”

"I think it's hard. Low oil prices should be relatively neutral to the U.S. economy. It is good for consumption but hurts the U.S. crude oil industry. Therefore, it is a double-edged sword for the U.S., with both good and bad. If the U.S. government really intervenes The oil price, psychologically speaking, can indeed restrain the shorting of the oil price, but there is still a problem here." Chen Fan paused intentionally, looked at Zheng Xiaopang's expression, and said: "How much crude oil can the United States buy, how much time is needed to prepare oil storage facility."

Only then did Zheng Xiaopang show a satisfied expression and said, "Then you can go short as you wish, but be careful. To be honest, if it really falls below 12 yuan, I want to set up a crude oil warehouse to store oil to make money. "

Chen Fan was a little surprised, "You're only thinking about hoarding oil, and it's better to hold forward contracts to save money than to spend money on that."

After thinking about it, he couldn't help laughing, "You don't really think that there will be no oil in 2 or 30 years, do you? Are you planning to save some spot heirlooms?"

Although Zheng Xiaopang felt a little embarrassed to be told that his mind was broken, he still said stubbornly: "Although this basis is not sufficient, it cannot be said to be wrong according to logic. Crude oil cannot be inexhaustible. Exhausted, there must be a total amount. Be prepared for danger in times of peace, young man."

Chen Fan rolled his eyes and said, "If that's the case, then you shouldn't be hoarding oil, not to mention land enclosure and infrastructure, you can't afford it, and you still have to spend money to buy oil."

Zheng Xiaopang became a little interested, and asked eagerly: "Then what do you mean?"

"When you buy an oil field, you directly buy an oil field and control the production volume yourself. For example, if you design ten wellheads for 20 years of production, you can open 3 or 5 wellheads after buying it, so you can produce for 5 or 60 years." Chen Fan said a little proudly, "How about it, this way of doing things is better than you enclosing land and hoarding oil."

"Where can I buy oil fields? We don't have many large oil fields in China, and those are all divided up." Zheng Xiaopang thinks this method is good, but it is very difficult to implement.

Chen Fan looked at Zheng Xiaopang with an angry look and said, "Look for your cousin and do it in Africa, where the poor are poor, I think it's best to stock up on oil."

"Let me take a good look at it. Do you think it is profitable to buy oil fields now?" Zheng Xiaopang said hesitantly.

Chen Fan rolled his eyes at Zheng Xiaopang and said, "Look, now that the price of oil has been lowered, the value of the oil fields will be lower, right? If you don't take advantage of the current opportunity to win a few oil fields, if they really rise back in the future, if you think about it again, it will be a waste of money." The food is cold. And now that the oil price is low, the price to pay for taking over the oil field is low when oil production is at a loss.”

Zheng Xiaopang waved his hand and said: "I understand what you mean, I'll think about it again. But you can try your idea, do you want to become a shareholder?"

"What do you mean? You still need me to invest?" Chen Fan was a little surprised.

Zheng Xiaopang said seriously: "If you really want to build an oil field in Africa, you have to do it big. Don't you know how messy it is over there? My cousin told me that there are very few reports on the news. , In fact, there is a lot of chaos there, and you must have a strong mercenary team to protect you when you get to the oil field, and you can't even support soldiers when you are young."

Chen Fan was a little overwhelmed. He didn't expect that investing in African oil fields with Zheng Xiaopang would require the formation of armed forces to protect the oil fields.

Chen Fan lowered his head and thought about it before saying, "If I really find a suitable target, I can take a share. By the way, are you still planning to find those people to take a share?"

Zheng Xiaopang said: "My father must inform me, my cousin must intervene, and find some friends to hey, it's too far away, I'll ask my cousin first if there are any oil fields to start with."

Taking a puff of cigarette, he leaned on the back of the chair and looked at Chen Fan. After a while, Zheng Xiaopang said, "You have a good brain. It seems that I did not make a mistake in finding you as a partner. You also think that investment The business in the oil field is not bad, I think so too. The local tyrants in the Middle East are so fucking rich, and they only make their fortunes by relying on the oil under the sand, otherwise they would be similar to those in Africa."

Chen Fan looked at Zheng Xiaopang, and said a little embarrassedly: "Actually, what I value is not making money from the oil field, but the formation of mercenary troops to protect the oil field you mentioned. This is a good idea, and I am tempted."

Zheng Xiaopang stared at Chen Fan dumbfounded, and said after a long time, "You'd better see a doctor, you have mental problems."

(End of this chapter)