As a large oil company, in order to face the rise and fall of international oil prices, it naturally has a special research institute to adjust the risks encountered in production and operation.

Because of the particularity of commodities, there is always a price difference between spot and futures, and this price difference is used to invest in operations and reduce risks. Whether it is the oil industry, the mineral industry, or the grain and oil industry, futures swap operations have almost become an indispensable part of production and operation.

Both the Asset Management Department and the International Department have a large team based in London, New York and Singapore. Hedging transactions based on the spread between spot and futures prices to reduce operational risk.

However, there is a slight difference between the two departments in terms of the operation of their work. As a business department, the international department operates more investment and is a little more risky. The asset management department is more based on the comprehensive data of various departments to hedge investment, which is more stable.

For example, although CNPC also has a lot of oil fields, its main business direction is still in refining. For example, the current spot price is 10 yuan, but the price is under upward pressure, the asset management department will establish a three-month contract of 12 yuan, and after three months, if the price rises to 14 yuan, but the other party's delivery is still according to 12 yuan, then the operating cost will be reduced by 2 yuan.

Even if the price falls to eight yuan, PetroChina can also eat a lot in the spot side, and even if the futures side loses two yuan, it can also earn back in this area, and the operating cost is still ten yuan.

Of course, this is only the simplest calculation, and in the actual process, it is necessary to calculate the oil production, production, storage, and transportation volume comprehensively, and such an investment plan will be very complicated. For example, the futures investment department of PetroChina opens and signs futures swaps every day, and there are dozens or hundreds of them, and some contracts even contradict themselves, some are short, some are long, in order to find a balance in the operation process.

Although in Lang Yufu's memory, he knew that the price would rise to more than $30 this time, and then slowly fall to about $20, Chen Mo still set the ceiling at $28 for insurance.

200,000 is a lot of money for Chen Mo, but according to the current exchange rate, it is less than 25,000 US dollars. Leaving 5,000 US dollars as a reserve for replenishment, the actual margin that can be invested is only 20,000 US dollars, and according to the 20 times leverage operation, 400,000 futures contracts can be leveraged.

If Lang Yufu's memory is true, it is not surprising that Chen Mo can turn this money into 200,000 US dollars in three months. Of course, this is only on the basis of small contracts will have such a big profit, in the futures market, hundreds of thousands, millions, tens of millions of profits will not attract attention, but as long as hundreds of millions, the problem in this is more complicated.

First of all, futures contracts need to have a counterparty to bet with you, hundreds of thousands, millions of contracts are easy to find a counterpart, no matter how big the contract, if you want to find a counterpart, it depends on whether someone bets with you. Secondly, when the profit is too large, it will also encounter the collapse of the opponent and the liquidation of the guarantor, at this time, it is impossible to get the expected profit, and can only get the corresponding compensation from the guarantor bank according to the margin ratio of the other party.

Chen Mo knows these theoretical things very well, but he has never operated them, and he also knows that in this industry, he can't play without a strong heart.

These two departments of CNPC are not international speculators, but more for the production and operation services of their own companies. Besides, they don't play with their own money, so they will have much less pressure to work.

After explaining everything to Kang Xuedong, it was already past midnight. Kang Xuedong put the small note recorded by Chen Mo into his pocket, and said with a smile: "Okay, you forgot everything you said tonight, go to work hard, and don't worry about other things." ”

Chen Mo also knew that there were a lot of things he could interfere in later, and his level was still too low after all. "Uncle Kang, I crossed the river and demolished the bridge so soon, I haven't told you where Lang Yufu's notebook is hidden!"

Kang Xuedong said: "I don't let you get involved in the rest of the matter, it's not the so-called crossing the river and demolishing the bridge, but I don't want you to get involved in this power struggle too early." You are still young, you should enjoy a sunny life, if I think so, I would like to create a paradise without shadows for you. ”

Chen Mo could feel his love for his fists, but he couldn't accept his mentality. was emotional, and couldn't help but call out his godfather again. "Godfather, I've grown up. I knew a long time ago that the world is a world of competition and that it doesn't change for anyone. If we want to live happily, we must adapt to her, and only when we have someone who can change her, can we live happier and more free. ”

Kang Xuedong sighed, patted him on the shoulder and said, "Even if you already have the ability to adapt to society, I don't want you to be polluted because of me." You've created a good situation for your godfather, and I'll take care of the rest by myself, okay? What you have to do now should be to enjoy the beauty of life with your friends and enjoy your youth. Where to hide the diary, when the time comes, I will ask you again, so hide it in your heart now. ”

Chen Mo nodded, he smiled, and walked out the door. But when he walked to the door, he suddenly turned around and said, "I can't be your father anymore, I'll call my godfather in the future, I like to hear you call me like that." ”

In the dead of night, Chen Mo was still tossing and turning in the bed, unable to sleep. recalled the conversation with Kang Xuedong tonight, and he was quite satisfied with his performance. He didn't expect that Kang Xuedong would be so fond of him, even if there was no hard reason, he was willing to take 200,000 yuan to try.

Although he didn't know what the use of making money he made, he was still very happy to be able to make money. If he really made money and hired a caregiver to take care of his grandfather, he probably wouldn't refuse! After all, this is your own money!

And in Chen Mo's bedroom, Kang Xuedong was also not sleepy, because Liu Xia had a neurasthenia, he couldn't sleep at night if he moved a little, he didn't dare to enter the bedroom, but lay alone on the sofa outside.

Chen Mo gave him too many surprises, whether it was the understanding of the functions between the various departments of PetroChina, or the overall view of the relationship between the various departments of PetroChina, which made him feel a sense of pride in the beginning of his family.

The analysis of his situation is also quite accurate, although there is still a slight deficiency in the suggestions, but it is only a lack of some detailed understanding and understanding, overall, it gave him a lot of surprises.

The only thing that worries him a little is that because of his own relationship, he has become a little scheming. It's not that Kang Xuedong thinks it's wrong, in fact, a simple person can't have much development in the workplace. Mainly because Kang Xuedong didn't want him to like to play conspiracy at a young age. A person, when he is young, should still work hard, and when he is over forty years old, he has experience and experience, and at that time, it doesn't hurt to play more tricks.

Therefore, he was reluctant to let Chen Mo get more involved, not because of estrangement, but just to love him. Now, Chen Mo's development starting point is much better than that of ordinary people, it is possible to become a department-level cadre at the age of 30 or a department-level cadre at the age of 40. If he performs a little better, he will definitely have a better future than himself.

As for the relationship between him and Lang Yufu, Kang Xuedong didn't care, from Chen Mo's reaction, it can be known that Chen Mo has a deep relationship with that Lang Yufu. He left Chen Mo with this weapon against Han Tianyu, and Kang Xuedong didn't want to use it now.

Han Tianyu is deeply rooted in the company, with a large number of interests and camp alliances, and without direct evidence, it is difficult to knock him down at once. This kind of person, if you don't have a certain certainty, don't go to the grass to startle the snake, if you don't die, you will suffer from it, Kang Xuedong knows better than Chen Mo how powerful his power is.

Even if Han Tianyu is knocked down and sent to prison, what good will it do to himself? If he stands up, then he will also have to face the revenge of his alliance against him, which is more than worth the loss.

What he didn't expect at all was that Chen Mo showed so much, all for the sake of paving the way for future investments. Because in his opinion, Chen Mo's so-called talent in investment analysis is the most unreliable.

Chen Mo is still young, he has not yet realized the complexity of the international market, and he wants to make money from the international market just by relying on a little talent, which is said to be the most ridiculous.

There are so many outstanding talents in the world, and so many people are fighting in the international market, but in the end, who is the only winner? Only those camps with great power. In the international market, what is fought is strength, and if it were not for the support of the state, there is such a large market to support, I don't know how many times it has been swallowed by foreign large enterprises.

If you want to speculate in this market, you are often the only one who gets hurt in the end. However, Kang Xuedong didn't want to tell Chen Mo directly, because he knew that Chen Mo was young and vigorous, and his persuasion might not be useful. Anyway, it's 200,000 yuan, and they can't afford to lose it, so they should help him pay his tuition.

Only when he really hits a wall can he understand that he can't achieve great things by relying on speculation, and that he still has to be upright and upright, and conspiracy can only be supplemented. Therefore, this time he decided to come completely according to Chen Mo's wishes, and let him experience it for himself, the international market is not something that can be played casually.