Chapter 532: ConocoPhillips
Chapter 532 ConocoPhillips shares
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Knowing his son Mo Ruo's father, looking at his son's expression, Frederick Morgan sighed in his heart, and nodded with an unchanged expression.
"Based on Mr. Guo's valuation of Google,3 it is worth $720 million. But the stake in Ruby 5 may not be able to make up for the $1.78 billion shortfall. β
Guo Shouyun smiled faintly, "Mr. Morgan is wrong. After integrating the commodity trading website that originally belonged to Enron Pacific, the $1.78 billion is no longer able to get a stake in Ruby Company5!"
"Why?"
"In mid-2003, Ruby Company's net profit was $574 million, up 36.8 percent year-on-year, and if we end the year, we can achieve a net profit of $1.2 billion for the year. At a price-to-earnings ratio of 30 times, Ruby has a market capitalization of $36 billion!5 or $1.8 billion. And that's on the basis of calculating the premium. β
In fact, Ruby's net profit has grown so fast thanks to his forward agreement. Since the Iraq war, international oil prices, as well as commodity prices, have been in a stage of rapid rise. To some extent, it can be regarded as a ruby mall that hoards Juqi, and naturally makes a lot of money.
"Mr. Guo, business negotiations need to be supported by evidence. β
"I didn't bring the 2003 interim financial statements of the Ruby Company. Mr. Morgan wants to see it, and I can ask them to send it to my mailbox and then show it to Mr. Morgan. However, if Mr. Morgan doesn't think the $1.78 billion investment in ruby is worth it, then we might as well swap it out. How about converting that $1.78 billion into equity in Unocal?"
"Unocal Oil?"
"Not bad!"
Guo Shouyun nodded.
"That's something to consider!"
"Daddy...!"
Although Harvey Morgan was only a reminder, the meaning revealed in his tone was clear at a glance. In fact, this is also true. He didn't want any Unocal oil, he just wanted an equity in Ruby.
Frederick secretly glanced at his son helplessly, compared with the young man sitting opposite, the two were about the same age, but in terms of calmness, his son was undoubtedly weaker.
Fortunately, he is an American, otherwise he should have sighed at this moment that he should have a son like Sun Zhongmou.
Of course, Guo Shouyun is calm and has his reasons. The combined age of his two lives is no worse than that of Morgan Sr. Moreover, anyone who has lived for half a life may not have the restlessness of his youth.
"Forget it, since it's an agreement made by the two of you in advance, let's do what you say. However, I hope that when the contract is signed, I will be able to see Ruby and Google's mid-year financial documents!"
"Of course!"
After Guo Shouyun nodded, he smiled and said, "When I came this time, Mr. Harvey said that in addition to our previous cooperation, there were other surprises. I wonder if this surprise can be said now?"
Frederick nodded, looked at him with his eyes and said, "Mr. Guo favors ConocoPhillips so much, and even does not hesitate to exchange the shares of Google and Ruby for it, I think it should be for the purpose of acquisition, right?"
Looking at his expression, Guo Shouyun shook his head after quickly turning back and forth in his heart.
"I think Mr. Morgan must have misunderstood. I invested in ConocoPhillips because I was just bullish on the oil industry. As for acquisitions, ConocoPhillips shares more than $50 billion, and I don't have that appetite. β
Frederick, who stared at him for a while, but couldn't see anything unusual at all, secretly wondered in his heart, "Did I really guess wrong?"
"Why should Mr. Guo say anything about it? If it's not for the acquisition, why take out the shares of Google and Ruby?"
"I just want to make Mr. Harvey a friend. After all, having an excellent friend in the mall will be very beneficial to my future, especially a friend like the Morgan family!" Guo Shouyun said indifferently.
In fact, Frederick guessed correctly, he did have the intention of buying ConocoPhillips, but that was ten years later. Now, he only wants these 5 shares to achieve another purpose for himself. Since the time has passed, there is no need to admit it.
Looking at the old Morgan frowning slightly, Guo Shouyun smiled slightly, "The surprise that Mr. Morgan said won't have anything to do with my investment in ConocoPhillips, right?"
"It does have a relationship. The Morgan family also holds some shares in ConocoPhillips, and if Mr. Guo needs it, I can sell it to you at the market price!"
Facing the old Morgan's momentary eyes, Guo Shouyun smiled faintly, "I understand Mr. Morgan's kindness." But I'm really just an investment in ConocoPhillips. 5 is enough, no more. β
He originally thought that the other party would talk to him about the allocation of Iraq's oil resources this time, but he didn't know that it was just a stake in ConocoPhillips? But since the other party didn't mention it, he didn't need to say it. I believe that with his relationship with Karrov, when it is really time to cut the cake, there must be his own share of it.
"I see, but I'm doing it too much!"
"I still want to thank Mr. Morgan for his kindness!"
The two looked at each other and smiled. But only they know what is going on in their hearts.
After staying here for dinner, Guo Shouyun took his leave. Old Morgan personally sent him out of the house, looking at the distant car shadow, Harvey Morgan was surprised: "Dad, did we guess wrong?
"At least on the surface, he didn't lie!" Recalling Guo Shouyun's expression, old Morgan said slowly.
"Are you still planning to take a stake in Unocal and Pacific Energy?"
"Let's see... Butler's old fellow is lucky, with such a son-in-law, the Roosevelt family can survive for a hundred years. β
"If only I could get Cousin Katis married to Bruce!"
"Forget it, who can stand your cousin Katis's fiery temper. Moreover, with the help of the Roosevelt family and Bruce Guo's own power, he no longer needs to marry. β
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After staying at his villa on Long Island at night, standing in front of the balcony, looking at the brightly lit city outside and the slightly yellowed night sky under the influence of neon lights, Guo Shouyun quietly pondered.
At dinner, Frederick Roosevelt intentionally or unintentionally tried to target Unocal and Pacific Energy. It can be seen that he intends to get a part of the original shares in the name of the Morgan family. He did not rule out the Morgan family. For industries such as energy and oil, which are asset-heavy and have a strong political background, the more powerful shareholders there are, which is beneficial to the company's future development.
But he would rather get a stake in some companies than just investing. To him, that's worth more than cash. But which company to choose is a matter of thought.
He didn't want financial stocks, and the opportunities were better during the subprime mortgage crisis than they are now. Although Merrill Lynch's equity is an exception, he doesn't want to startle the snake.
He doesn't want oil stocks either. While it makes a lot of investment, he wants a real oil field rather than a stake in an oil company.
Tech stocks, having Apple, Ruby and Google is enough. If you are too greedy, you will only become the target of public criticism.
Media stocks, Disney, Time Warner, Twentieth Century Fox and Paramount are simply impossible, and Guo Shouyun can't come up with so much money. MGM, a company that is about to fail, is not worth it for his stake in Unitron and Pacific Energy.
"After all the calculations, it seems that only Guo's business is left. β
However, the money for the expansion of Kwok's own business is tight, how can it be possible to take care of new business?
"Forget it. If it's not suitable, say no. Anyway, with Harvey Morgan's investment in ruby and Google, the relationship with the Morgan family is maintained. β
Thinking of this, Guo Shouyun turned around. Turn on your computer, record today's events, and go back to your room to rest.
The next day, after breakfast, he went for a jog, changed his clothes and went to Roosevelt's house.
They all live on Long Island, and if they don't enter the door, it's not easy for the old man to explain it.
"Bang...!"
Looking at the golf balls flying out, Guo Shouyun nodded with satisfaction. After a long period of practice, he is now playing golf better and better.
After hitting his ball, the two chatted as they walked, "You didn't come to New York to play with me, right?"
"I think, but it's a pity that I can't think of you so leisurely!" After a pause, "this time I came here, mainly to cooperate with Harvey Morgan." β
"Oh?"
"I wanted some shares in ConocoPhillips, and it just so happened that he wanted to invest in Google, so we made a swap. Guo Shouyun explained.
"ConocoPhillips?"
"Hmm!"
"Why do you suddenly want a stake in it? It's not going to be acquired, is it?"
Guo Shouyun smiled, "I just acquired Unocal, how can I still have such a big appetite to eat ConocoPhillips." β
"Don't tell me you're just investing?"
"Investing is only part of the purpose. After a brief consideration, he glanced at his father-in-law, who was staring at him with blazing eyes, "You should know that the frontal war in Iraq is over." β
"You're hitting the attention of Iraqi oil?"
Butler Roosevelt's eyes flashed.
"I know I can't hide it from you. I was indeed playing the idea of Iraqi oil. However, my own family is not enough to compete with ExxonMobil, Shell, BP, Chevron, Texaco, and other giants, and if we join ConocoPhillips, we can share the cake with them. And these 5 shares are enough for me to enter the board of directors of ConocoPhillips, and it will be more convenient to talk about cooperation when the time comes. β
After listening to this, Butler Roosevelt nodded slightly.
"You're a good idea. β
"I'm going to ask you for more help then!"
"We're relatives, so I'll help!"
Guo Shouyun was also very obedient, "This time I came to New York, in addition to ConocoPhillips' shares, I also plan to hold the last round of investment bidding before Unocal Oil went public. Father-in-law should remember to participate. β
"I won't forget that. However, who did you invite for this PE round of investment?"
"In addition to my father-in-law, there are the Kennedy Family Trust, the Bush Family Trust, the Carlyle Group, and the Blackstone Group. β
Butler Roosevelt's pupils shrank, and after a moment, he smiled faintly, "I can't see that your connections are very broad." β
"I'm just trying to find some more support for Unocal. Otherwise, it will not only be difficult on the Iraqi side, but also if the company wants to go further, it will not be easy. β
Butler Roosevelt looked at him and nodded.
"It's rare that you can have such a clear understanding. But you're not afraid of losing control of the company because of the loss of equity?"
"Of course I'm afraid, so half of the original shares allocated this time have no voting rights!"
"Haha, you, you! β
After the two got acquainted, they smiled thoughtfully.
"When are you going to start this investment bid?"
"August 1st!"
"Don't forget to send me an invitation!"
"Of course!"
"Wendy's how's it going?"
"She's trying to get pregnant, and we're going to have a baby!"
"That's a good thing! I've wanted to be a grandfather for a long time. β
The latter two didn't mention work again, just chatting about family life, and Guo Shouyun spent a day at Roosevelt's house.
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