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"Edmund, don't you think that even if your ranch has such an oil and gas field, the asking price is still a bit too high?"

Uncle Andy was still bargaining with Edmund, but at this time Li Yifan couldn't help it, and he quietly stabbed Andy in the back.

Andy turned to look at him, then turned to Edmund and said.

"You're thinking about it, thinking about it, we'll also go and discuss it, and we'll come over tomorrow to continue talking to you."

Edmund could only agree, although he hoped that the other party could take over the ranch soon, but he couldn't rush it now, so he drove the two to the city of Calgary, where the two had already booked a hotel.

Entering the hotel room, Li Yifan couldn't help but say to Andy.

"Second uncle, I think this price is okay, after all, there is such a large pasture, so many cattle, and an oil and gas field, I think this transaction is quite cost-effective?"

In fact, Li Yifan is not in a hurry, pastures and dairy cows and milk powder factories are not counted for the time being, just such a large oil and gas field, even in China, if you want to spend the same value of RMB, you may not be able to get it, not to mention the current price, it can be said that it is extremely cheap.

A few years later, not counting the pasture, this oil and gas field alone is definitely worth the price.

But I didn't expect Uncle Andy to explain to him with a smile after glancing at Li Yifan.

"Yifan, don't worry, in fact, this matter is not as simple as you think. Of course, I know the value of that oil and gas field. But you have to be careful. This is Canada, and it is also the province of Alberta, which is rich in oil and gas resources......"

Then Andy began to explain to Li Yifan, and after listening to Uncle Andy's explanation, Li Yifan knew that he would think that this oil and gas field was expensive.

In fact, as early as the fifties and sixties of the last century, the Canadian Ministry of Land and Resources discovered that Alberta has rich oil sands resources, but at that time, the international oil price was too cheap, and the cost price of refining oil sands here was much higher than that of importing oil from the Middle East. It's not cost-effective.

So Alberta's oil sands resources have not been developed on a large scale, and after the oil crisis in the seventies, because oil prices have been high, the Canadian government began to start the idea of refining gasoline from the oil sands.

However, since then, oil prices have been rising and falling, and the critical threshold of the oil sands refining cost of 35 US dollars has not been broken, and the development has been shelved.

It was not until the nineties of the last century, after the international oil price exceeded 40 US dollars, that the Canadian government began to encourage major oil companies to develop Alberta's oil sands resources after a large number of preferential policies began to be established in 1996. And it has also been led by the government and has made large investments.

But unexpectedly, in 1998, the Asian financial crisis broke out. In 1999, it spread to North America, and the U.S. economy was hit hard, and the economy of Canada, with the U.S. as its largest trading partner, was also dragged down.

Now that the international price of crude oil has fallen to about $20 per barrel, it is a loss-making transaction to refine gasoline from the oil sands.

So during this time, these oil sands refining companies in Alberta have had a hard time, and many of them have even ceased production.

The refining of oil sands is mainly to extract asphalt from the oil sands, and then extract gasoline from the asphalt, which requires a large amount of fuel, and the most suitable fuel is natural gas.

But now that these oil sands refining companies have stopped production, the natural gas market is now also being dragged down, and now in Canada, especially in Alberta, which is rich in natural gas, it can be said that such natural gas fields abound, and many of them are struggling.

Because the consumption of natural gas has very special characteristics, for example, the largest consumption of natural gas, the market is the most prosperous, of course, in winter, and in summer, the natural gas market is not very good.

After all, Canada does not have a population base as large as China, not to mention using natural gas for heating in winter, just using natural gas to cook every day can make a medium-sized oil and gas field eat a round belly.

Natural gas is not like oil, after it is extracted, it can be filled and stored, because it needs to be stored at very low or even close to absolute zero, so the storage and transportation of natural gas is a very big problem.

Therefore, the general oil and gas fields are exploited according to the market demand, and the production capacity will be increased when the market demand is large, and the production will be reduced when the market demand is not large, and it will not be stored after exploitation, after all, it requires a large amount of money.

Moreover, the extracted natural gas is also directly delivered to the customer terminal through the pipeline.

In this way, the trading of natural gas, in fact, in Canada, especially in Alberta, is not very profitable, not to mention that the international crude oil price is so low now?

For example, this oil and gas field in Edmond seems to have very large reserves at first glance, but if you want to really exploit this oil and gas field, it will take a lot of effort.

First of all, you have to invest more in the extraction area, build more mining wells, and then you have to build an oil pipeline that connects your pipeline directly to the customer terminal that needs to use the natural gas, and the most important thing is that you have to find the right customer terminal.

If the international oil price is now higher than $35, and all the oil sands refineries in Edmonton are operational, then it is okay to say, but those factories are now out of work, who else can you sell the natural gas you extract?

The most important point is that this is Canada, and if you want to build a gas pipeline and restructure that mining area, you need to invest a lot of money, after all, the labor cost in Canada is very high.

In these years, domestic oil workers earn thousands of dollars a month, which is considered a high wage, but these oil workers here, even if they only know a little bit of jishu, if you don't give people hundreds of thousands of Canadian dollars a year, people won't work for you.

Not to mention oil workers, but those laborers needed to build pipelines, if you don't give 50,000 or 60,000 Canadian dollars a year, people can take you to court.

What's more, after the completion of such a gas pipeline, the annual maintenance cost is also not a small amount.

Therefore, in the current situation where the outlook for international oil prices is not clear, this Edmond oil and gas field is really not very valuable.

"Yifan, you have to know that this is the great west of Canada, and the population of the entire province of Alberta is only more than three million, so the labor cost here is quite expensive. It is because the labor cost is too expensive that the government does not dare to start this project easily, let alone your small oil and gas field? So I advise you not to worry, Edmund's ranch is indeed good, but at least it is not worth the price now. ”

After listening to Andy's explanation, Li Yifan had a feeling that it was like this.

It is true that he has more experience in the next ten years than Uncle Andy, but compared with Uncle Andy, a local general, he is indeed much weaker in this regard.

From a long-term point of view, it is indeed cost-effective to spend 100 million US dollars to buy this ranch at this time, but from the current point of view, if you spend 100 million US dollars to buy such a ranch, I am afraid that it will be regarded as a big wrong.

"If you pay more attention to this natural gas resource, in fact, there are many ranches that meet such conditions, there are many in Alberta, in fact, many of the ranches here have rich natural gas resources under the land, many of the down payment of Edmonton near the ranch, is to raise cattle, while supplying gas to the oil sands refinery in Edmonton, if you are really interested, we can also go over there to see, after all, the conditions of the ranch are much better than this ranch, Moreover, people have built gas pipelines and fixed customer terminals. ”

Uncle Andy's words made Li Yifan a little tempted, but he quickly strengthened his belief, it is true that the conditions of those ranches may be better than this Red Deer River Ranch, but the price will definitely be much more expensive, and the situation here, depending on Edmund's attitude today, should still be able to talk about it.

It's a pity that you don't know, uncle, now this oil and gas field looks worthless, but it won't take a few years, five years later, you can take a look?

At that time, several giants of China's oil companies wanted to squeeze into Canada and control those oil sands companies.

At that time, it seemed that in just a few years, Alberta's production of crude oil from the oil sands increased from 1 million barrels to 2.4 million barrels.

Such a large increase in production will definitely greatly drive the demand for natural gas, and I am afraid that there is no need to test milk powder at that time, and it is by relying on these natural gases that I will be able to earn back the investment.

But how can I explain these future situations to Uncle Andy, so although I am very anxious, I can only wait for Uncle Andy to negotiate with Na Edmund tomorrow.

The next day Edmund came from the other side of the ranch.

"Mr. Edmund, you have also seen that we are actually very sincere, if you are also sincere, then please give way, do you think the price of 90 million is appropriate?"

Andy calmly reported to Edmund last night, he discussed the haode offer with Li Yifan, originally Andy wanted to press down a little, but Li Yifan was afraid of long nights and dreams, so he gave this offer. (To be continued.) )