Chapter 241: Amazing Plan

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Enron Pipelines, the largest pipeline company in the United States, owns 45,000 miles of natural gas pipelines around the world. Although the company's status under Jeffrey Jilin's leadership is modest, it does have an important foundation for Enron to become the world's largest energy trader. ”

"Enron Oil & Gas has proven untapped reserves and proven developed reserves totaling approximately 45 million barrels of oil, 22 million barrels of liquefied petroleum gas, 291 billion cubic feet of natural gas, and has 10 gas processing plants, four processing facilities, and three chemical plants with a total value of $7.8 billion. “

Enron Renewable Energy has 17 projects including nuclear power, wind power, and solar power generation in California, Ioda, Houston and other places, with a total of 768 megawatts of power plants. and Azurikos Water Company. The total value is $3.4 billion. ”

"Enron Investment...!"

"Stop... If I am still interested in listening to the previous companies, then Enron Investment Company and Enron Capital and Trading Company, I am not interested in listening to them at all. ”

Enron is known to be the world's largest energy trading company. But his trade was not limited to electricity and natural gas, but also coal, steel, timber, paper, broadband, liquefied petroleum gas, chemical plant products and hundreds of other products.

And when entering a trade variety, Enron's most common approach is to acquire a company that produces that category as an entry point. For example, if Enron wants to trade coal, she buys a few coal mines first, and buys a few timber companies first to trade timber. Because when buying these companies, Enron didn't care much about their business conditions, but simply got the admission ticket to trade this type of product and was familiar with the various rules of the product.

Under the consideration of such transactions, the 'experimental' companies acquired by Enron are often purchased at prices much higher than the market price, and often buy the kind of companies that are going downhill, and it is not uncommon for them to lose money from bankruptcy. For example, Cape Town Paper Mill, Kelit Steel Company, and Thailand's NSM Steel Company, which are affiliated to Enron Investment, have basically lost money or even collapsed.

In particular, NSM, a steel mill in Pattaya, Thailand, lost $650 million on this project alone.

Under Enron Investment, there are hundreds of enterprises involved in dozens of categories such as papermaking, timber, steel, soybeans, and coal. Guo Shouyun doesn't plan to open a 'grocery store' like An Ran, let alone buy this mess, he is willing to give it to him.

Then there's Enron Capital and Trading, which is Enron's core business under Jeffrey Jilin's leadership, and now 90 percent of Enron's revenue comes from this department, which is also behind the California energy crisis. In Guo Shouyun's view of Enron Capital and Trading Company, this is an energy investment bank. Energy bonds and derivatives are bought and sold. It's what Wall Street should do, and he's not very interested in it. Moreover, before bringing Pan Pacific into the regular business, he didn't have the heart to learn from General Electric!

"How did I think of this, I didn't think about jumping into the pit of Enron!" After shaking his head slightly, "Ms. Mark, although Enron's assets are full of flowers on the surface, I believe you know better than me what is going on inside. Enron Pipelines and Enron Oil and Gas Co., which are doing well, were also largely sold by Jeffrey Jilin securitization. Enron's power plants, although numerous, are worth a lot. But as far as I know, they made less than $15 million in gross profit throughout 2000. If depreciation and wear and tear are added, and the operating investment has been made, the entire Enron International is losing money. ”

"As for Enron Renewable... Hehe, Azuricos Water is already insolvent, and if I take over, not to mention anything else, it will cost a billion dollars to repair the water pipeline equipment in the UK. And the water industry is extremely unprofitable, and Azuricos is not as good as the two water giants, Veolia and Suez Leon Water, in terms of operational experience, customer relationships and technology. ”

After a pause, Guo Shouyun spread his hands, "So, may I ask... Why should I be saddled with more than $10 billion in foreign debt for a portfolio of 50 percent assets that are no longer worthless?"

"Mr. Guo is wrong!"

"Wrong? I'd love to hear what I'm doing wrong!" Guo Shouyun said calmly.

"Enron's current predicament is not a problem with assets, but a problem with the way it operates. At Enron, because of fair value calculations, no one cares about the commercial operation of a power plant after it is built, they need a power plant, and then Andrew Fastto can use his dizzying financial maneuver to drive up Enron's stock price. ”

"These people turned Enron from an industrial company into a trading company. But despite their lack of entrepreneurial spirit in Enron's operation, Enron's businesses are real. It's just that they haven't been well applied because of Enron's wrong corporate management methods and corporate culture. It is not difficult to reverse this situation as long as competent managers are appointed. ”

"After all, between 0 and 1, the most difficult first step has been stepped out, and there is always a way to solve the remaining difficulties. Moreover, Mr. Guo's expectations for the future of the Pan Pacific Group will certainly not be limited to the United States or the West. The purchase of Enron's energy business could fill the gap in the Pan Pacific Energy Group. Although it may be possible to sustain losses for the time being, it will be worth it in the long run. ”

Guo Shouyun's eyes flashed with thought, the assets in Enron's hands were indeed exciting. Just thinking about the loss of the one item in the Enron information he collected made him retreat.

"Ms. Mark's eloquence is admirable, but the price to buy Enron, even some of it, is too high. In addition, it is only the internal problems of the Pan Pacific Group that have not yet been dealt with. If I add an even more troublesome Enron, I don't have confidence myself...!"

Before he could finish his words, Rebecca Mark pushed her laptop in front of Guo Shouyun. On the ORD homepage on the computer screen, it reads 'Enron Dilemma Solution'!

"What is this...?"

"Although I was kicked out of Enron's headquarters in Houston by Jeffrey Jilin and restricted my power to use Enron's internal funds. Within Azurikos, he was even more hollowed out by the people he sent. But it also gave me time to think about a solution to Enron's dilemma. What Mr. Guo sees now, which I spent three years writing, has a total of 412 solutions for Enron's 7 subsidiaries and 247 businesses, although there is a lack of practice, but they have carried out detailed data collation and technical demonstration, and I believe that at least 80% of them can be successful!"

Under the operation of Rebecca Mark, Guo Shouyun watched the folders open and close, and there were hundreds of files in each folder.

Although she drew on Enron's connections and database to write these solutions, it was an amazing project to write thousands of pages one by one.

Guo Shouyun can imagine how many days and nights of hard work it took Rebecca Mark to complete such a huge project in the past three years. This kind of amazing perseverance and tenacious spirit Guo Shouyun himself does not have. And he is sure that not many people in the world have it.

Thinking of this, looking at the woman with short hair and a serious expression in front of him, there was a hint of respect in his eyes. The other party can climb from a small employee at the bottom of the company to compete with Jeffrey Jilin, who was born in Harvard and gilded at McKinsey, for the position of COO of Enron, the seventh largest company in the United States, which is indeed admirable!

Of course, in symbiosis with this ability is Rebecca Mark's astonishing ambition. However, Guo Shouyun does not reject ambition. Because only ambitious people will have much more action than ordinary people.

"Ms. Mark, this is truly an amazing piece of information!"

"Originally, I was going to put this information out when Jeffrey Jilin fell and I was in control of Enron. But the last time I met Mr. Guo, I realized that Enron's board of directors may never let me go back to the position of COO or CEO!"

"So you thought of me?"

"Yes, Mr. Guo has a large amount of capital, an enterprising spirit in the energy industry, and excellent management talents. In the past year and a half since you started your business, all your enterprises have developed well, which is a very good quality and ability. I believe that working with you is far more promising than working at Enron!"

Looking at Rebecca Mark, Guo Shouyun nodded, "Although I like your compliments very much. But Enron's current predicament is too great. However, I respect your efforts and dedication, so I will organize a special team to demonstrate this plan. If the argument is good, I will consider your proposal. Before that alone, I wonder how much you know about Enron?"

"Everything you want to know is available to me!" said Rebecca Mark confidently.

"That's really great!" Guo Shouyun smiled, "Is there a backup of these solutions to the Enron dilemma?"

"Yes. Mr. Guo can take this computer directly. ”

"That couldn't be better... I will organize the staff as soon as possible, complete the evaluation of this information, and give you the answer as soon as possible!"

Rebecca Mark nodded, and after a pause, "If Mr. Guo wants to end the current energy crisis in California, I can help!"

"Thanks, but not yet!"

The crisis is also an opportunity, and now Guo Shouyun also needs the California energy crisis to buy electric and natural gas utilities that are getting worse and worse.