Let's be honest. Pen "Fun" Pavilion www.biquge.info

It is really commendable that BP has gone through so many ups and downs and has not yet collapsed, and it is not an exaggeration to say that it is a miracle.

Well.

Of course, Tang Bao also understands that BP Petroleum has supported it to this day, and it must be supported by the British government. BP has completed privatization on the surface and has nothing to do with the British government, but BP is related to the UK's energy security, and it is impossible to really completely open up, and it is still secretly indirectly influencing and guiding.

"Well, that's great, Don! Frankly, BP has a lot of troubles, but the biggest one is the lack of liquidity. Receiving Tang Bao's promise, Peter exclaimed excitedly. I heard that you made a lot of money in the Japanese stock market, so I thought of taking out a loan from you. ”

Scold.

Tang Bao smiled, and those who paid a little attention to him knew that he had made a lot of money in the Japanese stock market, and others might not know the real figures, but the $40 billion profit he claimed to the outside world was real. So, it was not surprising that Peter knew he was rich.

Right now.

He had too much cash in his hands to spend it, and it didn't hurt to lend some to BP Oil. BP seems to be in turmoil and will collapse at any time, but the future is bright, and there is no need to worry about not being able to get the loan back.

"How much money do you need to borrow?" Tang Bao leaned on the sofa and asked calmly.

Belch.

Peter couldn't help but be stunned, Tang Bao was so happy that he didn't expect to borrow money so easily, but he was relieved when he remembered that Tang Bao unabashedly announced to the news media that he had made $40 billion in the Japanese stock market. Tang Bao is not short of money, and it is normal to borrow money happily.

It's like if you have a million dollars and suddenly a friend asks you to borrow $10,000, as long as you are not so stingy that it is outrageous, you will definitely borrow it very happily.

How much to borrow?

Peter secretly thought to himself, Tang Bao has at least 40 billion US dollars in his hands, which can be described as rich, and the British BP oil company does not know when it will be able to get out of the predicament, so it is better to raise more funds and be prepared. Then his eyes turned to Tang Bao, he was ruthless, gritted his teeth, and said, "Five billion dollars!" ”

Five billion dollars!

Tang Bao's eyelids jumped, his appetite was really not small. It seems that Peter has calculated that I have a lot of cash in my hand and wants to borrow more.

But.

Peter only thought about taking out more loans, and did he think about whether he could afford the interest? At present, the US banking industry is breaking out of the savings and loan crisis, and the major banks are competing to absorb the hoarding funds, which is the peak period of "cash is king", and the normal bank deposit interest rate is 6% to 8%, and the loan interest rate is around 10% to 12%. Even if Tang Bao is kind and lends BP oil funds to the UK at the most preferential loan interest rate of 10%, I am afraid that the other party will not be able to bear the interest of 500 million US dollars a year. Others may not understand, but Tang Bao knows that international oil prices will be in a trough in the next few years, and it is a joke that British BP Oil expects oil prices to rise to achieve profitability.

If oil prices do not rise, BP Petroleum may continue to lose money, and what will it use to repay up to $500 million a year in interest.

Let alone.

BP is huge, and it is impossible to have only this one debt, and the debt owed to other banks must also be paid with interest. If you're unlucky, it's even more miserable when you encounter a large amount of debt coming due!

"Don, is it okay?"

Seeing that Tang Bao fell silent and did not respond, Peter was secretly anxious in his heart, and couldn't help but ask.

"To be honest, five billion dollars, no problem. But, Peter, what guarantee do you have that BP Oil will be able to repay the debt and interest on time? Tang Bao immediately asked.

"This, when the oil market recovers and oil prices rise, the liquidity of the British BP oil company will be rich, and the interest will be repaid on time, which is not a big problem."

"Rising oil prices? Can you guarantee that oil prices will rise, but what if they continue to fall? ”

"No way. If the decline continues, the world's oil and gas companies will fall into the red...... And the recent tensions in the Middle East have helped oil prices rebound, and I predict that oil prices will soon recover. Peter argued.

"Well, the analysis makes sense, but this is just your prediction, and there are many cases that violate the laws of the market."

"This ......"

Peter was speechless. He also understands that the factors that affect the price of oil are not only supply and demand, but also involve complex political games.

It's been a long time.

Peter spoke again and said bitterly: "Don, BP Petroleum is a huge oil company, and the source of profits is petroleum products. Profit or loss are directly affected by the trend of oil prices, if oil prices continue to be low, the company's profits are low or even losses, and it is naturally difficult to repay interest directly with profits. However, BP Petroleum will not allow a default on its debt and we will seek new loans to repay it. ”

Borrow new debts and pay off old debts!

This is the usual method used by many companies, especially those with extremely high debt ratios, and they are masters of it, and they play very smoothly.

Most of the people who dare to play like this are some well-known large companies, which have a wide range of sources of funds and can raise funds in the capital market at any time, and are not afraid of breaking the capital chain. If an ordinary company dares to do this, it will definitely hit the head and bleed, and the capital chain will be broken and going bankrupt is the final outcome.

But.

BP Petroleum is the UK's largest "energy aircraft carrier", backed by the City of London and has a wide range of financing channels, so it is natural to dare to play like this.

"Well, you convinced me." Tang Bao said.

Call.

Peter immediately breathed a sigh of relief and hurriedly expressed his gratitude, but then complained jokingly: "Don, you are also a member of BP Oil, and I have done my best to help the company out of the predicament, which is equivalent to helping you." But at the end of the day, I have to thank you......"

"Ha, I'm part of BP Oil, really?" Tang Bao couldn't help laughing, and then added, "If I can exercise the rights of shareholders normally and fully, I don't need you to say, I will also take the initiative to inject funds into BP Oil." I will try my best to solve any difficulty. ”

Tang Bao clearly remembers the various obstacles encountered when he first took a stake in BP Oil, and was even imposed with various rules and regulations. He had a goal in taking a stake, but he understood that it was impossible to really control BP Oil. Therefore, I don't bother to care about his life or death.

"Uh......"

Peter smiled awkwardly, not knowing what to answer. Tang Bao holds a 23.59% stake in BP Oil, but the shareholder authority is frozen, and he has no say at all unless it affects his vital interests. This is still the condition that he personally formulated after talking to the British government.

Let Tang Bao fully exercise his shareholder rights, not to mention that he doesn't dare, even if he dares to agree, the British government will not be able to pass that pass.

"Let's continue to talk about loans, well, five billion dollars of loans, for five years, the annual interest rate is the same as the last loan, it's 6%, no problem, right?"

"6% interest rate on loans...... Peter, are you kidding me? If you don't want this loan, just tell me. Tang Bao's face instantly turned cold. The average bank deposit interest rate in the United States starts at least 6%, and Peter dared to propose a 6% loan interest rate, and he really thought he was a fool.

There is only a 6% interest rate, so why should he ink with him and put it directly in the bank to eat interest. It's hassle-free, the risk is much smaller, and it's readily available.

"This, hehe, just kidding. Don, don't be angry. The loan interest rate is naturally calculated according to the normal bank loan interest rate, 8%, how? ”

"It's low. The best bank loan interest rate in the United States is 10%, which is calculated at 10%. Tang Bao said angrily.

Forehead.

Peter wanted to smack himself, he knew that his greed had angered Tang Bao.

"Don, you also know the plight of BP Oil, which really can't afford a 10% loan rate." Peter said aggrievedly.

Call.

Seeing that Peter lowered his posture, Tang Bao's indifferent face softened slightly, and he also knew that the 10% loan interest rate alone was as high as 500 million US dollars per year, which was a very heavy burden, and if it was not done well, it might directly drag down the British BP oil company.

"A fixed loan interest rate of 8%, or a variable loan interest rate of 10%, the choice is yours." After thinking for a moment, Tang Bao said.

This.

Peter suddenly felt a headache and was in a dilemma, unable to make up his mind. Whether the fixed interest rate is a floating interest rate depends on the future economic trend and the outlook for the banking sector. If the economy improves and the banking sector is booming, will the lending rate be lowered in the future? If the economy continues to be sluggish, it will be more difficult to raise funds, banks will refrain from lending, and interest rates will inevitably rise.

"Tang, can I go back and discuss this choice with the other directors before deciding?" Peter hesitated for a long time, but did not dare to decide.

He's had enough trouble on his shoulders and doesn't want to give shareholders another excuse to attack him.

"Yes."

Tang Bao said briskly, it should be BP Petroleum in a hurry, not him.

……

"Thank you."

Peter thanked him, then exhaled lightly, feeling a lot more relaxed, and said happily, "With these five billion dollars, BP Oil is out of the predicament temporarily." I personally helped the company solve the most troublesome financial problem, and I don't think the board of directors will blame me anymore. ”

"It seems that you are counting on the five billion dollars to strengthen your position." Tang Bao smiled.

"To be honest, with this consideration, in the past few years when I was chairman of the board of BP Petroleum, the company has encountered too many ups and downs, and the pressure I am under is unimaginable to outsiders." Peter lamented that he had endured too much blame and criticism.

Scold.

With so much going on at BP Oil, it is impossible for Peter, as chairman of the board, not to take on the pressure.

It's a miracle that he's survived to this day. Under normal circumstances, so many accidents occur in the company, and the chairman of the board of directors, the CEO and other senior executives have long been ousted.

This also indirectly proves that Peter has a strong ability to bear pressure and is also very skillful. So many things can be supported by the majority of shareholders.

"We have an old Chinese saying that is good, if you are not in your position, you will not seek your government. To understand this in its entirety is to seek its government in its place; Not in his position, not in his politics. When you are chairman of the board of BP Oil, you have to acknowledge the corresponding responsibilities. ”

"Hmm."

Peter replied with deep sympathy.

"Peter, as far as I know, you only have a few hundred thousand shares in BP Oil, why do you keep holding on to it and never think about changing companies?" Tang Bao asked casually.

"Quite simply, I've worked for BP all my life and plan to stay here until I retire, and I've never considered changing jobs. Heh, I know I'm in a lot of trouble right now, and many people want me to get out of the board sooner, but I'm not going to throw in the towel until the last minute. Peter said

"Oh."

Tang Bao nodded, and secretly sighed that Peter was a veteran of BP Petroleum in the United Kingdom, and he could understand his deep feelings for the company.

But.

Hearing the latter words, he also felt that Peter's situation in the British BP oil company was not good, and even the chairmanship of the board of directors was already shaky. It's right to think that Peter is in trouble and wants to strengthen his position by raising money.

Today.

Tang Bao talked a lot with Peter, knowing that the situation of BP Petroleum was not good, but the biggest gain was to learn that Peter was facing a crisis of resignation.

This made Tang Bao have a different kind of thought...... After pondering for a long time, Tang Bao suddenly spoke: "Peter, leave BP Petroleum Company and follow me!" (To be continued.) )