super energy power

Dingtian Novels. dtxsj. In the capital market, it is said that money is the last word.Ella Bookstore.26book.

To say that the family is big and the business is big, the State Reserve Bureau is much stronger than Dahua Industrial.Institutions such as PetroChina and Sinopec often appear tough in the international oil market. They do not need bank leveraged loans to buy and sell futures, and they deliver when they lose money. Their annual crude oil production of hundreds of millions of tons is their solid backing.

However, if the State Reserve Bureau, PetroChina, or Sinopec were to buy futures contracts worth [-] million U.S. dollars in one go, none of the leaders would be ruthless.

too much responsibility

From a technical point of view, domestic institutions invest 2 million US dollars to buy oil futures to make a profit, which is almost the same as buying 2 million US dollars of oil futures to make a profit.However, the meaning of a loss of [-] million U.S. dollars and a loss of [-] million U.S. dollars is completely different.

Zhu Enbo has a deep understanding of the style of state-owned enterprises, and the proposed US$5 million is based on a profit of US$2 million. In terms of bank leverage, it is only equivalent to investing US$00 million to US$3000 million

Appearing in the face of a country, the tens of millions of dollars is indeed shabby enough.But in terms of absolute numbers, it is quite a lot.So, after a brief surprise, Zhu Enbo said in disbelief: "A deposit of 1 million US dollars is enough for a contract of 10 billion US dollars, but it is not enough for a futures contract of [-] million US dollars."

"If it's not enough, the group will consider raising the deposit to 2.5 million US dollars." Sioux City can say this because it is the boss.Any official who is replaced by the State Reserve Bureau can only work in accordance with the established policies.

$1990 million in 2.5 is no longer an ordinary banknote.It is the amount of funds that can be worshiped by the governor.

Zhu Enbo asked sensitively: "Does Dahua Industrial have so much capital?"

"Sertan Oilfield is a new oilfield. Except for some fixed supply agreements signed with Formosa Plastics, the newly mined crude oil is free to enter the market, so the profits are relatively rich. In addition, Pudong's real estate and Dahua Gas Company's The channels have been highly evaluated by foreign banks, and the financing channels are very smooth." Sioux City briefly explained.

As an oil company with super high cash flow, oil companies are very similar to large steel and large transportation companies. A debt ratio of 90 can work normally.If the asset-liability ratio is 60, the bank will step on the threshold and say why you are so conservative.Try changing it to a food company. With an asset-liability ratio of 40, you will be forced to collect debts. A debt-to-asset ratio of 25 would be said to be too unhealthy...

Zhu Enbo sighed, and thought to himself: With such a large sum of funds, if you do something wrong, you have to invest it in the melting pot of futures...

In an instant.Zhu Enbo realized Su Zhenguo's intention of questioning.

This is confidence

Everyone can tell why.However, the two men differ in their confidence in the reasons they articulate.

Zhu Enbo felt that the price of oil would rise, so he planned to buy more with 2 million US dollars.However, it will not work if he is asked to buy long with 10 billion US dollars.It shows that his confidence in rising oil is not as strong as he imagined.

Zhu Enbo remained silent, and neither did the others.

Su Dongyuan was radiant, and couldn't help but compare the pros and cons of Su Xing and Su Cheng. He thought: If Su Xing and Su Cheng hadn't been too quarrelsome, he might still be able to rely on him to do business now, at least in terms of funds. Sorry...maybe I can learn some tricks...

Su Dongyuan sighed inwardly at the end: It would be great if God gave Su Xing the ability of Su Cheng, so that the house would not be in peace now.What's the use of an illegitimate child doing such a big business.It is not good for the family, but it is easy to cause disputes...

Director Mao and Hou Haiqing admired Sioux City to the utmost.This kind of honesty is not easy to talk big. A billion dollars is a billion dollars, and a billion dollars is a billion dollars.In their eyes, Su Cheng dared to make such a decision.Already admirable in itself.

Su Zhenguo squinted his eyes, not knowing what he was thinking about.

After a long time, Su Zhenguo opened his eyes, his eyes were full of authority, and he asked, "How much is the total amount of oil futures purchased for US$5 million?"

"About 1500 million barrels. 0 tons." It was Zhu Enbo who answered.

"If according to your forecast, the price of oil rises, how much money can you make?"

“假如涨到40美元以上,盈利预期将近30,相当于1.5亿美元,如果是50美元的话,则有2.5亿美元的涨幅。最重要的是,我们能直接交割石油期货,避免石油匮乏。”朱恩波希望给自己的期货计划挂上更多的属性。

Su Cheng pouted, and said, "China is an oil exporter, so don't they still have to sell it after delivery?"

As an oil-exporting country, the normal futures thinking is hedging, that is, buying short orders equivalent to oil production to buy oil prices to fall.In this way, if the price of oil rises, although the short order will lose money, but the spot price of oil will rise, and there will be neither loss nor profit.If the price of oil falls, the oil spot will lose money, but the short order will generate a profit, and there will be no loss or no profit.It sounds like hedging has done a useless job, but in fact, it eliminates the price risk in oil production and ensures the fixed profit of oil producers.

Oil companies want to make more money, don't look at the rise in oil prices, find ways to increase production efficiency, reduce costs and increase production is the right thing to do.This is also the main value of the futures market.

In this way of thinking, the insurance policy of the State Reserve Bureau or PetroChina is to buy short to eliminate the risk of the Gulf War.Only because of the confidence of Zhu Enbo, or a large number of old futures traders, they will make the decision to buy up.

At this time, the decision of the State Reserve Bureau is actually out of its own job, and it belongs to a gray area.

Having discussed this level face to face, Zhu Enbo felt a little guilty.However, think of the center of Chapter 3, a very low-key national financial institution, which only makes financial futures, using state money and materials from other departments.To them.It does not have to bear losses, and it really lacks the confidence of a unit that is responsible for its own profits and losses.

Director Mao never said a word, so he had no choice but to come out and say: "The comrades of the State Reserve Bureau think about the problem in a different direction, and the traders of foreign financial institutions are not using their own money to make transactions. I think, The comrades of the State Reserve Bureau will do some more detailed research. Try to think more carefully. Dahua Industrial is responsible for its own profits and losses, and will not participate or interfere."

Su Zhenguo looked at Su Cheng with a smile, and asked, "Where's Dahua?"

After talking for such a long time, Su Cheng also let go, saying: "Everyone do their jobs well, and the world will be peaceful."

The job of the State Reserve Material Adjustment Center is to hedge.Sioux Cheng knows that oil prices are going to fall, so of course he doesn't want Zhu Enbo to prove himself with 2 million or 5 million US dollars, which also includes Dahua's own taxes.

Su Zhenguo knocked on the table with his fingers, pondered for a moment, and said: "Well, let's do this. Dahua Industrial wants to do oil futures, and the comrades from the State Reserve Bureau also want to do it. Simply, let's sit down and do it together, discuss more, discuss more, Don't be too stubborn. Learn from each other and learn from each other."

Zhu Enbo was stunned.What's the matter?

Director Mao has experienced such things quite often.In the era of planned economy, scientific research units, financial units and local governments have to fight countless duels between ministries and commissions every year. When the professionalism is too strong or it is difficult to make a decision, they are put together. The last survivors will naturally get better results. Well treated and valued.

He coughed twice, and suggested: "Shall I arrange some rooms in the guest house for comrades from the State Reserve Bureau and Dahua Industry to live in?"

"Yes. Send someone from the Committee to coordinate. Don't engage in confrontation. Instead, we must fight and unite." Su Zhenguo paused, and continued: "Add the two of them to the list of the Policy Research Center, the price of oil and the world The situation is inseparable, how to solve the problems of Iraq and Kuwait, Americans open the door to discuss, we can discuss behind closed doors."

Su Dongyuan's eyelids twitched.The policy research center that Su Zhenguo mentioned is the policy research center of the State Council, which is equivalent to the think tank of national leaders. In addition to professional scholars, they are cadres trained by the state.In many cases, the two are interlinked.

Even if Zhu Enbo has some talents, he still cannot meet the threshold of the Policy Research Center.Su Zhenguo's move was obviously for the purpose of cultivating Su Cheng.

This tendency made Su Dongyuan feel weird.

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