Chapter 602: Rebecca's Worries

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For Unocal, Guo Shouyun is most concerned about three areas, the Santos Basin in Brazil and the Strava Basin in Texas are two of them, the former is related to Unocal's future road to oil giants, and the latter is related to the company's oil and gas foundation in the next 30 years.

As for the last piece that Guo Shouyun is concerned about, there is no doubt that Iraq's oil and gas resources have not yet been allocated.

"Is there any news from the Iraqi side lately?"

"There are still conflicts, but they are all local. In addition, the new Iraqi government has begun to be formed with the help of the White House, and a result is expected this year. As for Iraq's oil and gas resources, the White House has not yet given any credible information, and it is estimated that this matter will not be put on the agenda until the formation of the new Iraqi government is completed. ”

Guo Shouyun nodded, "Pay close attention to the news in Iraq and the White House, and remember to remind me in time if there is any change." ”

In the past, he was personally involved in the competition for Iraq's oil and gas resources. However, where it is time for him to do it, he has already prepared, and all that remains is to wait for news from the White House. It's fitting that this kind of thing is left to Rebecca Mark. Moreover, he has many companies, and it is impossible to always focus his energy on them.

"Yes!" Rebecca continued, "Boss, according to your last explanation, we have been in contact with Huaxia Offshore Oil Company, and the two sides have agreed to jointly develop the oil resources in the Bohai Sea region of China, and the specific contract will be signed in March. Do I still need to attend?"

Guo Shouyun thought for a while, "Forget it, I'll leave this matter to you." ”

"Yes!"

"Is there anything else?"

"Yes... At present, the price of Brent crude oil in New York has risen to $47 per barrel, which has exceeded the highest level in history, and there is a risk of falling in the future. So, shouldn't we be slowing down our investment in oil forward contracts?"

"How many oil forward contracts does the company have now?"

"The 1-year to 5-year maturities add up to $14.7 billion!"

Although a forward contract is a type of futures, it does not require margin and leverage like futures trading. It is only necessary to take into account the market price after the period, as well as the cost of holding, that is, the cost of warehousing, insurance, and transportation.

The $14.7 billion oil forward contract held by Unocal adds up to hundreds of millions of dollars a year.

But the return after maturity is dozens of times that of investment. Unocal has been able to expand in the oil market with small-scale acquisitions, thanks to earnings from forward contracts.

"At present, the economies of China, India, Russia, South Korea and other countries are developing rapidly, and the demand for energy is growing. Although OPEC's resolution to increase oil production is in effect, it will take time to add new oil wells. The economies of the United States and Western Europe, although not as good as those of East Asia, are also in the growth phase. On the whole, international oil supply is tight relative to demand. In this case, although there will be a short-term correction in oil prices, there will be no large-scale decline. Therefore, reducing the size of investment in oil forward contracts, although a good strategy to deal with a correction, is not too necessary. ”

After a pause, Guo Shouyun smiled and said, "Rebecca, I believe you should think of what I said." But now that you're giving me such advice, I think you must have something else in mind, right?"

"Still the boss wise. Rebecca smiled wryly, "I just think Unocal is expanding a little too fast." Brazil's offshore oil, the massive expansion of the Texas Strava Basin, Iraq's oil resources, and forward oil contracts have seen a 57.4% increase in assets and a 43.1% increase in debt levels within a year of existence.... ”

"Isn't the money from the last financing still lying on the company's books?" said Guo Shouyun.

"But isn't that money going to be used to invest in Brazilian offshore oil and Iraqi oil? In addition, the company's recent mergers and acquisitions have cost nearly $3 billion. ”

"Rebecca, relax, since I dare to spend money, I won't let things get out of my control. ”

Despite what he said, Rebecca Mark is not as good as he has memories of the next decade or so to see the development trend of the entire oil market and make informed decisions. Therefore, his words did not dispel the doubts in the other party's heart.

But despite this, Guo Shouyun is the boss of Unocal after all, and his decisions have always promoted the rapid development of the company, and there have been no major mistakes. So while Rebecca doesn't disagree with his decision very much. But after hearing the resoluteness in Guo Shouyun's tone, he hesitated for a moment, and finally didn't say anything more.

"I understand, boss!"

"Rebecca, I can relate to your concerns, but time will tell. … Okay, is there anything else?"

"No more!"

"Then hang up. ”

"Goodbye, boss!"

"Goodbye!"

Hanging up the phone and recalling the whole process of communicating with Rebecca, Guo Shouyun frowned slightly and put the phone aside.

"Knock...!"

Just then, there was a knock on the door.

"Come in!"

"Boss, Qiu Yanyun is here!" Wang Jue pushed the door and came in.

"Qiu Yanyun, didn't she go back to the capital?"

"I don't know!"

After Guo Shouyun put down the document in his hand, he stood up.

"Let's go, let's see!"

When he came downstairs, he didn't see Qiu Yanyun. But you don't have to guess Guo Shouyun to know that she is now eighty percent in the baby's room or Ji Hong and Ji Zheng. Sure enough, he found the other party in Ji Hong's room.

"Yo, I just came here and you're in a hurry to see me!"

After noticing Guo Shouyun's figure, Qiu Yanyun stood up after handing over Guo Ruiqi in her arms to Ji Hong.

"Didn't you go back to the capital? Why did you come back so soon? ”

"When the New Year is over, why don't I come back? As for visiting relatives, the family doesn't need me to show up. However, you, Guo Shouyun, are the most important supplier of my Jinyuan jewelry, so I have the priority to visit you. ”

"Then I'm really flattered. Originally, I thought that you, Qiu Yanyun, would 'go to the Three Treasures Hall for nothing'!"

"Shouyun, you're really too out-of-this. I usually come to your house. Qiu Yanyun smiled and changed her words, "But this time, I really have something to ask you about." ”

"What's the matter?"

"Your Global Fund is developing the ruins of the 'World Style Garden' in Fengtai District, Beijing?"

Guo Shouyun's eyes flashed, "What's the matter, wouldn't you be interested in it too?"

"If I said yes, would you let me participate?" Qiu Yanyun smiled.

"No!"

"People are so sad when you say that!"

"Okay, don't waste time, explain your intentions!" Guo Shouyun, who has gradually become accustomed to her speaking habits and behavior, also has a certain immunity. However, Qiu Yanyun, who is charming and enchanting, plump and slender, and has a peerless appearance, is still heartwarming.

"You guy, you really don't pity Xiangyu. After glancing at the man opposite, Qiu Yanyun, who saw that there was no movement on his face, and felt quite bored, continued, "Someone has also taken a fancy to your renovation plan for the World Style Garden, so ask me to bring you a message." If you're interested, he'd love to meet you. ”

"Who?"

"A friend of mine is now the general manager of the Beijing branch of Huaxia Construction Engineering Corporation. ”