Reborn IT Giant
Chapter 286 Gulf War
Although Yanhuang Investment's action of shorting crude oil futures was secretive, it was still noticed by some thoughtful people. A few people chose to believe in Yanhuang Investment and followed suit by shorting crude oil futures. Some people hesitated and quit the crude oil futures market, and there were many more people.
He was dismissive, thinking that the last success of Yanhuang Investment was due to luck, and that the myth he had created would soon be destroyed. No matter how the outside world evaluates it, it has nothing to do with Zheng Yan.
On January 17, 1991, when Iraq refused to implement Security Council resolutions, a multinational force led by the United States launched a direct air attack on Iraq, bombed Baghdad, and launched an operation code-named "Desert Storm." The Gulf War broke out.
Although the U.S. government had announced before the war that it would use strategic oil reserves to stabilize crude oil prices after the war broke out, due to the impact of the war and the panic about oil shortages, crude oil prices began to rise after the exchange opened.
"Oh hell, why did the price go up so fast?"
Although Bill Miller did not interfere with the short-selling operation of crude oil futures, he has been paying attention to the price changes of crude oil. Looking at the skyrocketing crude oil prices, he was also restless.
Zheng Yan may not care about his own 1.5 billion US dollars, but it is impossible for Bill Miller not to care about the 3.5 billion US dollars invested by Yanhuang Investment. Those are the funds he finally raised. Once the investment fails, for Yanhuang Investment, regardless of
Whether it is economic or prestige, it will be a fatal blow.
"Bill, should we stop? If we stop now, we will have to bear a lot of losses, but they are still within the acceptable range. If we let things continue like this, the money invested this time will probably be lost."
Leslie also felt frightened when she saw the change curve of crude oil prices.
Bill Miller also considered in his mind that closing the position in time could indeed stop the loss, but there would be no chance of a comeback. He was still holding a trace of luck in his heart. In addition, Zheng Yan once told him that it was best not to interfere with this situation.
Let the person in charge of the project decide on the action. Although it is only a suggestion and not an order, he cannot disobey it.
Zheng Yan wants to take this opportunity to train his troops. Bill Miller knows this very well, but think about the possible cost
Is the price too high? After comparing the two, Bill Miller felt that things might turn around. If Zheng Yan cultivated Sally Krawcheck, then using 3.5 billion US dollars to cultivate the company is justified.
The employees are completely speechless. No boss would pay such a high price.
"Leslie, let's go, let's give ourselves a day off. Since Zheng Yan wants them to handle it by themselves, I'd better not interfere."
Every time the price of crude oil rose, Yanhuang Investment would lose a lot of money. Bill Miller didn't know where Zheng Yan's confidence lay, but he couldn't stand it any longer, so he took Leslie and left the company.
Sally Krawcheck, who was in the castle, also looked nervous, but she did not focus on the curve of crude oil price changes, but stared at the phone, as if waiting for some news.
"Sally, the price of crude oil has risen by one dollar. According to the leverage we have enabled, we have now lost $400 million. Should we close part of our position? This can at least reduce some losses."
After hearing Bree's suggestion, Sally Krawcheck was also a little moved.
When Bill Miller was helping Sally Krawcheck select assistants, he deliberately added Bree, a senior investor, in order to give her some advice at critical moments.
"Brie, let's wait a moment. This is just the beginning, that's why it's rising so fast, but I believe this situation cannot last forever."
The U.S. government yesterday announced the use of strategic crude oil reserves, which shows the U.S. government's determination to stabilize crude oil prices. This is also the most important factor supporting Sally Krawcheck.
Although Bree felt that Sally Krawcheck's choice was unwise, he was powerless. His responsibility was only to give Sally Krawcheck advice and could not make the final decision.
Zheng Yan only showed up once when the staff checked into the castle, and never cared about it again. When the war broke out, Zheng Yan still didn't show up. He wanted to see what Sally Krawcheck could do.
To what extent. But after careful consideration, Zheng Yan still walked towards the office. He was afraid that the pressure this time would crush Sally Krawcheck.
.
Zheng Yan's sudden appearance did not cause any disturbance. Everyone continued their work, but Sally Krawcheck was still staring at the phone. Zheng Yan, who was left out in the cold, was not angry, but was very satisfied with everyone's work attitude.
Zheng Yan looked at the change curve of crude oil prices, then found a seat and sat down.
"Dingling bells..."
The sudden ringing of the phone broke the silence in the room.
Sally Krawcheck, who had been sitting quietly, picked up the phone immediately after hearing the call. No one knew what news she got, but the solemn look on Sally Krawcheck's face
It's significantly reduced.
Ever since Sally Krawcheck received the first call, new calls would come in every once in a while, and the expression on Sally Krawcheck's face would become more and more relaxed.
It turned out that Sally Krawcheck contacted her former colleagues at Fortune magazine as soon as she accepted the assignment. For all changes in the economic field, the first to get news is naturally from the major media, and Fortune magazine, as a world-renowned
As one of the magazines, it is naturally more informed than other media.
Sally Krawcheck firmly believes that using the strategic crude oil reserve is only the first step for the US government, and there will definitely be further actions. Although she cannot guess what they are, she can collect this information to increase her confidence.
The reason why Sally Krawcheck was staring at the phone was waiting for this news. Although she didn't know much about investing, she knew how to use her advantages, and the results did not disappoint her.
After the Gulf War started, several major oil companies in the United States, such as Exxon, Mobile, Chevron, Atlantic Richfield and Continental, immediately announced that they would freeze oil prices at pre-war levels, thereby preventing domestic oil prices in the United States from rising as the war began.
And it went up explosively.
Next, major European oil companies also announced that they would not drive up oil prices because of the outbreak of the war, and that prices would remain stable at the level before the war broke out.
Although Zheng Yan didn't know where the call came from, he could guess a little bit. While sighing that Sally Krawcheck was smart, he was much less worried about her.
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