Park Jin Hyuk said to Kim Jun Woo:

"You can provide written materials, but don't use the name of DS Telecom. Use JH Investment instead. Also, please ask President Guo to come and bring analytical data on the crude oil project."

"yes."

Park Jin Hyuk stood in front of the window, looking at the scenery outside.

The current oil price is stable at $35.

The US President has repeatedly expressed the hope that Saudi Arabia and Russia can reach a settlement on the issue of crude oil production.

Saudi Arabia and Russia have also expressed their willingness to sit down and negotiate.

Therefore, most market opinions believe that oil prices will rise further.

But Park Jin Hyuk knew in his heart that oil prices would continue to fall, otherwise DS Energy's huge losses would be unexplainable.

When huge losses occur, it is the best time for him to buy crude oil.

At this time, oil prices were also discussed on TV news, and the outlook was also relatively optimistic.

Park Jin Hyuk smiled and turned off the TV.

When it was almost time to get off work, Guo Xiji walked in carrying a stack of documents.

"I'm sorry, Chairman, I'm late."

"It's okay, please sit down. You've been very busy lately."

After he rested for a while, Park Jin Hyuk asked:

"How's the matter going with what I was told?"

"We have made inquiries to shipowners in Singapore and they can immediately provide four VLCCs and two ULCCs."

"What is ULCC?"

"ULCCs are currently the largest crude oil carriers, known as ultra-large crude carriers (ULCCs). They have a greater carrying capacity than VLCCs and can hold 4 million barrels of crude oil. However, their charter rates are twice as high as VLCCs, and they also have specific port requirements. They can only dock in certain Asian countries, North America, and Saudi Arabia in the Middle East."

"How much is the rent exactly?"

“The demand for ULCCs is not as great as that for VLCCs, so their charter rates are also relatively stable at $100,000 per day.”

"The loading capacity is doubled, but the price is more than doubled, so it doesn't make much sense. I'd rather use a VLCC."

Guo Xiji nodded in agreement.

"Chairman, how many ships do you need?"

"Um……"

Park Jin Hyuk tapped his thigh lightly with his hand.

"After the announcement of the actual controllers of Rising Sun Systems Integration and Lucas, what was the external reaction?"

He suddenly changed the subject.

"Public opinion is very positive about these two companies, and people are constantly expressing their desire to acquire them."

"...If you use them as collateral, how much money do you think you can raise?"

"What do you mean...?"

"I'll use all my shares in Rising Sun System Integration and Lucas as collateral..."

Guo Xiji looked at Park Zhenhe in surprise.

The equity of these two companies accounts for more than half of Park Jin Hyuk's personal assets.

He looked at Jin Junyu in disbelief, and Jin Junyu nodded.

"How much money do you need?"

"One trillion."

Park Jin Hyuk said with a smile.

Guo Xiji looked at Park Zhenhe and still didn't say anything.

"I'm not kidding you."

Guo Xiji knew that Park Zhenhe was raising money to invest in crude oil projects.

"Chairman, compared to the investment and time, the rate of return isn't that high. If it were just using spare funds for the investment, I'd understand. But risking the equity of two companies is probably inappropriate."

In particular, Asahi System Integration is a very high-quality asset. If nothing unexpected happens, it will definitely be listed on the Nasdaq in the United States. At that time, Park Jin Hyuk will appear on the list of Silicon Valley rich people. He cannot take such a big risk just to earn less than 4% profit.

"President Guo, not only do I want to invest in this project, but I also want to save a step and not sell forward futures."

"What did you say?"

If you do not sell forward futures while purchasing spot crude oil, it means that there is no arbitrage guarantee and the entire investment becomes a gamble.

"When the oil price drops to $10, we will buy a large amount of spot goods."

“Ten dollars…?”

Guo Xiji wondered if he had heard it wrong.

"Haha, why are you so surprised?"

"Chairman, do you know what the current oil price is?"

"Of course I know. It's about $35 now."

“It’s already gone up to $37.”

Guo Xiji continued:

"If you buy crude oil at the expiration of the futures contract, the price can be discounted by another $5, which means the price will be over $30. How did you get the $10 you mentioned?"

"I estimate that crude oil prices will drop to $7 per barrel, and I'm already holding back on $10."

"you……"

Guo Xiji wanted to ask, "Is there something wrong with your brain?" Of course, he couldn't say that.

He looked at Jin Junyu again, wanting him to persuade the chairman, but Jin Junyu shook his head. It seemed that he had already persuaded him and it was of no use.

Then, Guo Xiji said:

"Chairman, oil prices plummeted not long ago, but that drop was somewhat accidental. It coincided with the expiration of a large number of futures contracts and problems with some oil options. Even then, the price only fell to over $20."

Guo Xiji is still trying to persuade Park Jin Hyuk.

"I'm sure you have your reasons, but $10... isn't that a bit too unrealistic?"

Looking at the anxious Guo Xiji, Park Zhenhe didn't know how to explain to him, because there were some things he couldn't say to him.

"Another problem is that oil tankers are easy to find, but I'm not familiar with the companies that produce and process crude oil, so it might take some time to find them."

"Don't worry about that. Dongjing Industry will contact the crude oil supplier, and as for the oil refining company, it won't be a problem at all."

"Have you found it?"

"Doesn't our group have an oil refining business?"

Park Jin Hyuk is planning to sell crude oil to DS Energy.

However, if the oil price really plummets as Park Jin Hyuk predicts, DS Energy will suffer huge losses, and Park Jin Hyuk will still sell crude oil to it. Wouldn't this embarrass the chairman?

"Wouldn't it be better to sell it to a company within the group then?"

"Chairman, I know you and the president don't have a good relationship, but isn't this a bit too much?"

"That's a matter for later. First, take care of the tanker and prepare the funds I need."

"Okay, as you command."

Park Jin Hyuk had made up his mind, and Guo Xiji knew that he could only follow his orders.

"Let me recap what we just discussed. First, we'll charter a VLCC and buy crude oil when it drops below $20. I just said $10 was a bit exaggerated. Then, we'll sell the crude oil when it recovers. To maximize returns, we won't sell forward futures. That's the investment strategy for this project. Do you understand?"

"Understood."

Park Jin Hyuk nodded.

Now, everything is ready except for the east wind.