Chapter 977 Unocal Resources Group
Because the tax season has not yet come, the more than 60 billion US dollars will remain on Hanhua’s account until April next year.
This money, plus the 30 billion principal of the second phase fund, totals a huge capital of 94.13 billion US dollars.
The investment direction is still oil, gold, iron ore, etc., including corporate bonds of high-tech companies.
The current price of oil futures has been driven down by the release of 2 million tons of crude oil reserves per day by the International Energy Agency.
It’s the right time to buy at dips.
Xu Liang knows the future of oil prices better than anyone else.
Before shale oil technology matures, oil prices will only rise but not fall.
The same goes for gold.
Of course, the leverage will not be too high.
After all, financing costs are too high now.
The US$30 billion Pacific Phase III is also divided into three funds: 7, 8, and 9, but the investment direction of these three funds is the money market.
Originally he didn’t want to invest in this area.
But in the first half of this year, the skyrocketing federal funds interest rate in the United States inspired him.
In order to curb economic overheating, especially the rapid growth of the real estate market, the Federal Reserve raised the federal funds rate from 1% to 3% in just six months.
But this is obviously not the end.
The federal funds rate will not be lowered until the subprime mortgage crisis breaks out.
The rise in the federal funds rate will have a series of impacts.
In addition to rising financing costs, the rates of return on U.S. Treasury bonds, deposits and loans will also rise.
This is a huge market.
Originally, he planned to allocate part of the funds from the Pacific Phase I investment.
Now that there is Pacific Phase III, there is no need for that.
“We can also invest in agricultural product futures, which is a big market.” Jiang Xiaoyang said.
Xu Liang thought for a moment and then shook his head.
“Agricultural product futures are greatly affected by giant Western agricultural companies, especially the four major grain merchants. We do not have sufficient supply of goods, so we rush in to deliver meat to them.
Eat whenever you want. ”
Although he won the soybean futures showdown in 2003.
But the reason he won was that he was in the same camp as the four major grain traders.
And Taking advantage of foresight
One more time, that's a gamble
It was enough for Tamron to plan once. If he had a choice, he didn't want to do it a second time.
His net worth is big enough, and he wants to be more stable in the future.
“Is the leverage of 1:100 too high?”
“The currency market is like this, the leverage is very high. The key is that the exchange rate fluctuations are not as big as energy and ore, and the leverage is small , basically no money is made.”
It is very rare for the exchange rate to drop by 1%.
Usually the fluctuations are basically a few basis points or more than a dozen basis points.
If Xu Liang had not known that the Federal Reserve would continue to raise the federal funds rate, he would not have invested in the money market.
Jiang Xiaoyang nodded slowly.
Then he sighed.
“Every time I see you adding leverage to enter the futures market, I can’t help but feel anxious, for fear of an accident.
Especially for this Tenglong project, if it hadn't happened to encounter Hurricane Katrina, it might not have been certain who would win in the end. "
Xu Liang smiled and said: "In the end, I won. ”
Although he said this, he also knew that if there was no hurricane Katrina, he would have a greater chance of losing.
Old Soros has been in the financial market all his life and has far more connections than Himself.
He can attract large financial institutions such as JP Morgan, Citigroup, and Ruihui Financial.
He can only rely on Hanhua Pacific Fund to resist.
But no matter what, he has better luck.
Rolling at him, Jiang Xiaoyang said angrily: "If the same thing happens a few more times, I will have a heart attack."
"Haha, don't worry. Our net worth is getting better and better. If you get rich, this kind of thing will become less and less.”
“Don’t forget, I also studied in the United States, and I know very well what those people think. >
They lost this time, but will definitely make a comeback if given the chance.
By then, they will be more prepared.
It will be more difficult to win again. "Jiang Xiaoyang said worriedly.
Hold her slender waist, Xu Liang smiled.
"A shopping mall is like a battlefield. If we want to go higher, we will inevitably attract more people. Trouble, it's impossible to completely avoid it.
Therefore, instead of shrinking back, it is better to face the difficulties head on. "
The beauty leaned her head on his shoulder and said quietly.
"Sometimes I can't help but think, it would be great if you weren't so successful, and we wouldn't have to face so much. Difficulties, life can be calmer. "
"Xiaoyang, if I didn't have my current career, I'm afraid you wouldn't marry me. ”
The beauty’s body was shaken and she said no more.
As the third generation of top red. Her marriage must be a well-matched one.
Even if Xu Liang is just the founder of an ordinary large-scale group, he may not be able to get into the Jiang family's eyes.
Their ability to be together must be based on Xu Liang's success beyond ordinary people.
And with her lofty views on mate selection, if Xu Liang was just an ordinary small boss, she would not take notice.
Embroidered with the fragrance of the beauty's bun, Xu Liang smiled with determination.
"We can't look back now, we can only move forward bravely. I believe that as long as we support each other, Hanhua's glory will never fall."
"Yes."
Jiang Xiaoyang subconsciously leaned into his arms.
——
On October 17, 2005, Australia's Fortescue Metals Group (FMG) acquired all the assets of Unocal Petroleum, except the Atug Pipeline, for US$17.7 billion.
Fortescue, which is currently investing in the construction of mining areas and cargo terminals, certainly cannot afford the US$17.7 billion.
So Hongyan made a loan.
Fortescue Metal Group used its earnings over the next 10 years as collateral to obtain a US$17 billion loan from Hongyan with an annual interest rate of 9.4%.
In addition, Hongyan donated US$700 million to the ‘Xu Family Trust No. 8’.
Then No. 8 Trust used the US$700 million to invest in Fortescue Metal Group, increasing its original 55% shareholding to 69.5%.
After this complicated operation.
Fortescue Metals Group and Unocal Petroleum Corporation complete integration.
After the merger of the two parties, the new group's headquarters will be located in Sydney, Australia, and will be renamed 'Unocal Resources Group', referred to as 'Unocal'.
Compared to the little-known newcomer like Fortescue Metal Group, Unocal, which was founded in 1880 and has been brilliant for more than a century, undoubtedly has a higher goodwill.
The newly born Unocal Resources Group has also become a rising star in the international energy and mining fields.
It has 1.76 billion barrels of oil and gas reserves in Southeast Asia, the Gulf of Mexico and the Caspian Sea, and is exploring more than 1 billion barrels of unregistered natural gas reserves.
Among them, the most valuable is the natural gas field along the coast of Myanmar, with reserves of more than 140 billion cubic meters.
Unocal owns 49%.
In order to develop this natural gas, Unocal invested nearly US$1.2 billion in 2000 to build the ‘Myanmar-Thailand Oil Pipeline’ from Myanmar to Thailand.
In addition, it operates 5 natural gas power plants in Indonesia, the Philippines, and Thailand, with a total installed capacity of 1,537 MW.
In terms of oil, gas and energy, Unocal Resources Group has total assets of US$21.8 billion and net profit of US$1.54 billion.
The daily production of oil is 160,000 barrels, and the daily production of natural gas is 49.43 million cubic meters.
In addition, Unocal Resources Group has an exploration area of 50,000 square kilometers in the Pilbara region of Australia, and has discovered and owned 4.5 billion tons of iron ore resources in less than 15% of the area. .
In other words, there may be more iron ore buried in the 85% of the exploration area that has not yet been explored.
At the current iron ore price of about US$60 per ton, Unocal Iron Ore is worth US$270 billion.
Of course this is just the paper value.
Not all iron ore has development value.
Even so, with its huge reserves, Unocal Resources Group has the qualifications to become a world-class iron ore giant.
However, developing these resources requires a lot of investment.
The construction of Herb Elliott Port, the 260-kilometer railway from the port to Duanyun Mining Area, as well as heavy-duty trucks, heavy-duty dump trucks, etc.
Only after completing this series of construction can we truly turn iron ore into dollars.
Although there are still various restrictions, at least a bright future is beckoning.
In order to adapt to the surge in revenue and assets brought about by the merger and acquisition of Unocal.
Unocal Resources Group conducted a stock split, converting one share into four shares.
However, because Unocal Resources Group's debt is too high, including Unocal Petroleum's original liabilities, it has reached nearly 20 billion US dollars.
So the market did not give too high a quotation.
The newly born Unocal Resources Group has a market capitalization of over US$12 billion.
At this point, a mining giant with world influence finally appeared under Xu Liang.
While Xu Liang was busy integrating the two companies.
The influence of this merger continues to spread to all directions.
Dong dong...
There was a knock on the door.
"Come in."
Zhao Guoan opened the door, took a look at the boss's expression, and walked in lightly.
"Mr. Li."
Li Hongwei put down his pen, "What's wrong?"
Zhao Guoan quickly handed over the document in his hand.
“They responded to the fax we sent to Hongyan. They said that Unocal Oil can be sold to us, but only if we put up US$23 billion in cash or equity worth US$25 billion.”
Li Hongwei was instantly angry.
"23 billion US dollars in cash? 25 billion US dollars in equity? Does he regard us as a traitor?"
"Mr. Li, I think Xu Liang had no intention of selling Unocal Petroleum to us and deliberately opened the door." A high price makes us quit."
Li Hongwei took a deep breath, and he felt the same way.
"Call the Hongyan President's Office for me and tell me that I want to see Xu Liang."
"I'll go right away."
(End of this chapter)