legendary trader

662 Chapter 663 Communication First

Is YPF Petroleum Company worth acquiring?This was the question that Second Brother Wang had raised from the very beginning. Although An Shilin's team spoke well about the company, Second Brother Wang obviously planned to find someone to check the relevant situation before making a decision.

At this time, Second Brother Wang seemed to have noticed that Chen Fan and the others hadn't spoken much since they came in, and everyone had already talked a lot, so he said to Chen Fan: "Xiao Chen is right about this matter. What do you think?"

Second brother Wang knows that Chen Fan is not interested in the industry and he is also a layman. He asked this sentence in order to let Chen Fan also share his opinion. Don't feel left out. As for Zheng Xiaopang and Huang Tian, ​​it's better Now, Zheng Xiaopang followed Chen Fan every day to deal with rice stock investment matters, and it seemed much more reliable. As for Huang Tian, ​​he was not in good shape all day long, but it was his brother who shouted and looked after him back then.

"I read from the information that the production capacity of YPF is very average, and the oil produced seems to be mainly supplied to their own country, and only a small amount is exported. I wondered. The potential reserves seem to be very considerable, but why can't the production capacity be increased? They Restricted production? Only guarantee domestic supply?”

After thinking about it, Chen Fan raised the question in his heart. In his opinion, the potential reserves are just a pit. Originally, only a part of the so-called oil reserves can be extracted, and it seems that in the report, the domestic oil and gas reserves in the Pampas Very optimistic, but the whole report lacks exploration information, that is, some reserve data.

This data is nothing more than a numbers game. Measuring the value of an oil company is nothing more than production capacity and reserves in Chen Fan's view. Production capacity is the value of fixed assets, and reserves represent long-term interests. They are all things that need to be considered when calculating the value of an oil company. Production capacity fraud The probability of it is not high, after all, it can be verified through many channels, and the reserves are hard to say.

That requires first-hand exploration data to calculate, and the exploration data must be extremely complicated. Even if they are given the data now, it will take a long time to verify it.

Undoubtedly, for YPF Petroleum Company, this production capacity is definitely not worth a few dollars, and its value is mainly in the reserves.

"There is another problem, that is, the Pampas has given YPF a monopoly right to mine and operate, but if their government sells the company's shares to us, can this monopoly be maintained? Will they get the money and And establish a new oil company to exploit and operate the oil and gas industry in its country?"

Chen Fan continued to ask the second question. Regarding this information, Chen Fan felt that it was too general. Although he understood that this meeting was really urgent, because Pampas had already started transaction negotiations with other oil companies. Anslin should I was thinking of cutting off halfway, but there are too many uncertainties in the information. Since you want to cut off, the price you give must not be low, and there is a high probability that the upper limit of the valuation will be set.

However, the authenticity of the valuation data is questionable. It's not that Chen Fan is suspicious, but that it has not been verified by the company, and these data cannot be recognized by him.

"Old An, how did you know about the YPF acquisition negotiations? Is the source reliable?" Second Brother Wang asked with a frown after hearing Chen Fan's words.

"The source of the news is true and reliable. Now the negotiation team of Repsol is in Pampas. An old friend of mine informed me. I asked Chen Hui to check the information and communicate with the relationship in Pampas. However, the above information is also obtained from there.”

Speaking, An Shilin pointed to the analysis report in front of him and said.

"Pampas has the intention of trading, and has found a buyer and is negotiating, and then the news reaches you, it sounds like a routine, maybe it is to introduce more negotiating teams, put pressure on each other, and finally seek higher transaction price."

Second Brother Wang smiled and shook his head and said, but he is not disgusted with this kind of thing. Anyone who wants to sell the property will do it in a similar way. The purpose is just to get a good price and better trading conditions, which is understandable.

But at this time, Chen Fan said again: "Because there are many doubts, my opinion is that we can form a negotiating team to communicate informally in the past. The main purpose of this trip is to verify the relevant information of YPF company. According to the confirmed data Re-analyze the value of the company and complete the feasibility study report, and then we will discuss whether to start acquisition negotiations."

After Chen Fan finished speaking, he shook his head lightly. Although he didn't make a clear statement, the action he made inadvertently betrayed his inner judgment. He was not optimistic about the acquisition.

"I agree that the team's past communication can be excluded to obtain more accurate information, and then we can discuss whether to participate in the acquisition."

Zheng Xiaopang also spoke out at this moment, not because he is Chen Fan's dog, but because he feels that it is meaningless to ask more questions here, it is better to send someone to confirm the data on the information, it is not necessary What's the point of arguing with the Asselin team in this room.

Second Brother Wang also nodded, and then looked at An Shilin.

After making eye contact with each other, An Shilin, Zhang Jianjun and the team members below nodded in agreement, not to start the acquisition negotiation for the time being, and arranged for people to come over as soon as possible to understand the situation of YPF Company, and then hold a meeting to discuss whether to launch an acquisition after grasping the relevant information of the company.

However, it can be seen from An Shilin's slightly lonely eyes that he is very pessimistic about the possibility of acquisition.

The reason why today's meeting is very urgent is because Pampas is already in acquisition negotiations with Repsol, and the formal negotiations have been going on for a while. If you count the previous contacts, it may have been about half a year.

It should be said that their negotiations are likely to be coming to an end. Perhaps it is only because of differences on some key issues that someone leaked information to the outside world, hoping to introduce a new acquisition team, not only to put pressure on Repsol, It is also looking for a spare tire. Once the negotiation with Repsol fails, it can immediately negotiate with the new acquisition team.

Anslin himself does not believe that all these inadvertently leaked news are accidental, but it is his goal to make Dingfeng Petroleum Company bigger, so in his opinion, as long as the acquisition is completed and the strength of Dingfeng Petroleum Company is strengthened, it is worth paying Some price is also acceptable.

It's just that he expected to have a heated debate with the company's shareholders on whether to buy or not, but he didn't expect that in the end, he expressed doubts about the information they collected about YPF and asked them to verify the authenticity of the data as soon as possible.

Unfortunately, there is no time, and everything can only be pinned on Repsol and Pampas. The negotiation collapsed.

(End of this chapter)