Chapter 427: Each has his own ingenuity
"Why Oil Prices Will Fall" - Fortune Magazine.
"Shale oil technology breakthrough, pushing oil prices into a downward channel" - Wall Street Journal.
"China's economy is about to collapse, driving down energy prices" - Newsweek.
After February 1st, as if overnight, comments about falling oil prices flooded major mainstream media in the United States.
After entering February 2, some interviews with experts who were bearish on oil appeared on TV.
In response to this trend, international crude oil futures fell on February 3, from the original price of 23.9 US dollars per barrel to 23.5 US dollars per barrel.
Xu Liang looked at the comments on the Internet and knew in his heart that Larry Ellison and the others took action.
"Mr. Xu, do we want to continue to increase our positions and raise oil prices?"
Qiu Heng, the head of Kunpeng Fund, asked in the video.
"No need. Let them lower the oil price first. When it is low enough, we will then buy the bottom and raise it." Xu Liang thought briefly and then concluded.
The current average price of Xu Liang’s long oil positions is 22.5 US dollars per barrel.
The liquidation warning line is $20.75 per barrel.
So, he still has deep pads to bear the pressure.
“But if we let it go and allow oil prices to fall and form a general trend, it will be difficult to raise oil prices again.” Qiu Heng advised.
"Don't worry, I won't let it go. And it's not that easy to make oil prices really fall." After a pause, Xu Liang looked at Xia Changsheng, who was silent in the video on the other side.
"How are you preparing for the Jianlibao mortgage loan?"
"We have reached an agreement with United Overseas Bank of Singapore, US$2 billion, 4.8% interest, no surprises three days later "
"It's done well"
Standard Chartered's efficiency is too low, and there are more reviews on this loan, so Xia Changsheng simply switched to UOB. .
As the largest bank in Singapore, although UOB is not as strong as Standard Chartered, it has no problem taking this business.
After securing the loan, Xu Liang had another US$2 billion in liquidity.
The capital is stronger.
After chatting for a few more words, Xu Liang turned off the video, pondered for a moment and then took out his cell phone to call Xie Wen.
“Mr. Xu?”
"Lao Xie, I have read Hongmeng's financial report this year. The performance is very good. You have made a huge contribution."
"You have given me the award. These are what I should do."
Xu Liangxiao After laughing, the conversation changed.
"I have something to trouble you with."
"You tell me."
"The U.S.-Iran conflict has been given greater weight in all of the company's news channels, especially on the homepages of overseas Bing News and Naver portals. Any remarks about the U.S. sending troops to the Middle East or threats must appear prominently on the homepage."< br>
Xie Wen was a little surprised, "Mr. Xu, do you think the two countries will go to war?"
Although he knew that Xu Liang invested in long oil, he didn't think about it for a while.
"Who knows? But this kind of news is conducive to creating panic and raising oil prices. Of course, war news is always more eye-catching, which is a win-win situation." Xu Liangdao.
With the publication of "Times", it is no longer a secret that he is optimistic about oil bulls, and there is no need to hide it from his confidants like Xie Wen.
"Understood, I'll explain it right away."
"SARS in China is getting more and more serious. Please pass on the message and let everyone pay attention."
"Okay."
After chatting for a few words, Xu Liang hung up the phone, thought about it and called Yang Zhiyuan again.
"Brother Yang, how have you been lately?"
"Not bad. But you are so famous now, and you are on the cover of Time Magazine."
"Haha, you were on the cover five years ago, why do you still envy me?" Xu Liang smiled road.
Having said that, what really makes Yang Zhiyuan envious is Xu Liang’s age.
When he was taken seriously by Time Magazine because of Yahoo, he was almost thirty, and Xu Liang was only 21 years old.
And in terms of career, in addition to Hongmeng, which is not much inferior to Yahoo, there is also Hanhua Capital, which is growing rapidly in the financial field and is more successful than him.
"That's all for me. By the way, are you still in the United States now?"
"No. There's something going on here in London, so I'm here." Xu Liang said.
“I wanted to pay you New Year greetings, but it seems I have no chance.”
“Haha, we are such familiar friends that we don’t need to care about these false gifts.” Xu Liang said. After responding, Yang Zhiyuan changed the subject.
"Xu Liang, have you read the news this morning?"
"Brother Yang is talking about oil shorts, right?"
"Hmm. ... I remember you have always advocated long positions. Oil, there are so many media advocating short oil, even if it is not for you, you should be careful."
"Thank you, Brother Yang, I will be careful." After a pause, "I am here. Do you want to trouble Brother Yang? "
"As long as I can do it, I will never refuse."
"I hope Yahoo News can increase the weight of the dispute between the United States and Afghanistan and put this news on the home page as much as possible." Xu Liangdao.
Yang Zhiyuan is also a smart person and instantly understood what Xu Liang meant.
“Do you think there will be a fight in the Middle East?”
“I don’t know if there will be a fight. But Brother Yang, you have also seen the news in the newspaper. Since they can pass To create public opinion to suppress oil prices, I can of course also use public opinion to create panic and raise oil prices.
Moreover, I am not creating panic, I am just making some news that others pay little attention to more eye-catching. ." Xu Liang said.
Having said that, Yang Zhiyuan instinctively felt that things were not that simple, but he couldn't tell what was wrong.
"No problem. I will explain this matter tomorrow."
Yang Zhiyuan agreed simply.
Hongmeng and Yahoo are now in the honeymoon period.
Bing and Yahoo Search, both owned by Hongmeng, have exchanged many patents with each other to improve the technical capabilities of their respective search engines.
Compared with the advancement of search engine technology, it is not difficult to just increase the weight of a type of news.
And the current conflict between the United States and Iraq is a hot topic in international news, so there won’t be much resistance if it is put on the homepage.
"Thank you, Brother Yang. I will treat you to dinner next time I come to the United States."
"Haha, then I will be waiting."
Two After chatting for a few more words, the person hung up the phone.
——
February 4, 2003.
Yahoo News Headlines.
“Iraq, which harbors weapons of mass destruction, will be a major threat to the security of the Middle East.”
The content is not exaggerated, it is just a reorganization of what the White House has said , it was just published and did not involve oil futures.
However, anyone with any sense knows what impact a war in the Middle East will have on oil prices.
Larry Ellison looked gloomy.
Bang.
His palms slammed on the table.
“Damn Yahoo, damn Yang Zhiyuan, the Immigration Bureau should have driven these stinky yellow-skinned monkeys out of the United States long ago.”
Angry voices echoed throughout the office.
Howard Eisen could understand his anger.
Yahoo's news headlines caused oil, which was originally suppressed to $23.5, to rise rapidly after the opening. Although it did not return to the original high of 23.9, it also rose to 23.7.
"Larry, anger can't solve the problem. Now there is probably hot money waiting and watching. The more times like this, the more resolute we must be to bring down the price of oil. Only in this way can more people Choose to follow us."
Paul Singer said in the video call.
He is a veteran of the hedge fund industry, has rich experience, and knows the choices at critical moments.
Alexander Soros in the video also nodded in agreement.
“There is no turning back. The harder it is, the more money you have to spend.”
Larry Ellison took a deep breath with a cold expression, “Of course I know how to spend money. Money, but what if Yahoo keeps stumbling upon us?
And Hongmeng’s portal, one-third of the information on it is hyping the conflict between the United States and Iraq.”
"Yang Zhiyuan and Xu Liang are both Chinese and Chinese. Yahoo and Hongmeng cooperate with each other in the Internet search business. The relationship between them is very close. It is basically impossible for us to separate them.
However, Yahoo is not Hongmeng, and Yang Zhiyuan does not have the final say, so we can talk to Semel privately," John Thornton said.
Terry Semel, current CEO of Yahoo.
"What if he doesn't agree?" Larry Ellison asked.
Yahoo is now cooperating with Hongmeng and has a close relationship. It has no connection with financial institutions like them.
"We have to give it a try. What if it works?
Of course, the influence of public opinion is only a secondary means. The first thing we do now is to bring down the price of oil." John Thornton said.
Everyone exchanged glances with each other, and after having no objections, an agreement was reached.
(End of this chapter)