I Picked Up a Dimensional Travel Machine: Wizard - Chapter 64



Only Noblemtl
Read Novel Noblemtl

Garbage Cleaning (2)
The negotiations to sell MF Energy and Ganadarko’s oil and gas assets were not conducted in secret, and as we talked about it here and there whenever we had the chance, rumors spread all over the U.S. energy market.

Such rumors naturally affected the stock price of Ganadako.

It was able to show a steady upward trend for about two weeks while negotiations were in progress.

However, our passive attitude of only opening the lid and blowing the whistle rather than engaging in actual sale negotiations ultimately led to the failure.

The year 2014 was a year of tremendous shock to international oil prices.

Oil prices, which had been rising endlessly until June 2014, surpassed $115 per barrel, but fell to $55 by the end of December 2014.

Since then, the price of oil has been weak.

The price of oil, which had fallen to around $40 in 2015, seemed to rise slightly again in the spring and summer, but then began to plummet again in the fall, falling to $35-37 by the end of the year.

As the international oil price situation was so bad, our offensive against Ganadako gained strength. Ganadako’s stock price, which had been rising gradually, fell quite significantly on the news of the ‘breakdown of sale negotiations.’

And through the hastily revised portfolio, he started to purchase Ganadako stocks in large quantities with the bullets he had accumulated through stock investments and futures investments.

Ganadako’s stock fluctuated.

As the market was already in turmoil due to the attempted and failed negotiations for the sale of assets with MF Energy, the indiscriminate buying on a large scale continued, causing the stocks to fluctuate and rise sharply for no apparent reason.

It didn’t matter that the market price was rising.

A huge amount of money was invested to purchase stocks, and the company immediately announced that it had acquired a 5% stake.

–

In the end, this was the gist.

They tried to enter the ‘oil’ business by purchasing assets owned by existing oil companies, but as it was not feasible, they ended up resorting to a hostile takeover and merger using money.

The target was a company called Ganadako, which had many useful assets.

From this time on, the market began to change dramatically.

However, Wall Street could not hide its doubts about MF Invest’s reckless operation attempt.

If it were anywhere else, I would laugh it off and ignore it, but that person is MF Invest.

MF Invest is emerging as a predator on Wall Street, showing incredible returns since its founding.

So I couldn’t ignore it.

Ganadarko is a dinosaur company with a market capitalization of 56.7 billion dollars (62 trillion won), with the McMillian family owning over 20% of the shares.

But when we see them rushing in so recklessly, it is clear that there is something we do not know about.

Despite these market concerns, we continued to steadily purchase shares of Ganadaco.

The McMillian family initially laughed at the stock price rising day by day.

However, after learning about MF Invest through Wall Street experts he met through various personal connections, he quickly changed his stance.

I had a ‘concern’ that something might be wrong and a worry that there really might be ‘something’.

From then on, the McMillian family increased their stake in Ganadarko by investing their own funds.

No matter how you calculate it, they can never lose management rights considering their friendly stake.

But they are predators on Wall Street.

So there is no need to take any risks.

The family’s funds are also sufficient.

Of course, there was the hassle of having to convert some of their assets into liquid funds.

In the end, McMillian’s choice was a more certain, stable victory, even if it was a little uncomfortable, rather than an uncertain victory.

So, as Min-gi intended, he directly invested a large amount of family funds to increase the direct share acquisition rate.

We need to secure 50.1% to be safe.

But realistically, it is difficult to exceed 50%.

There aren’t that many stocks floating around.

Moreover, the stock price has already risen by 30-40% compared to before this incident occurred.

In this way, McMillian increased his stake and used his connections to secure friendly shares and gather proxy voting documents.

McMillion increased its stake from 20% to 17%, taking it to 37%, and secured 13.5% of the voting rights for the friendly stake. The game is now over.

“Oh my. Chief. Look at this.”

“Why? The war is over. No matter how you calculate it, it’s our victory.”

“These. These… crazy guys. Are they trying to commit suicide? No. What is this?”

“Why? What’s going on?”

“MF Invest just announced the failure of the hostile M&A and sold off all of its shares at once. It’s a huge amount. They’re saying they’ve lost the war and are going to sell off all of their 14.5% stake. The stock price is going crazy right now.”

“Hey. Are these crazy guys crazy? If they do this, they’ll suffer huge losses too. If they lose the war, they should sell little by little to minimize the shock to the market. What if they just throw it away so thoughtlessly?”

“What should I do with this?”

“Just wait. I’ll make a call.”

– Ring ring ring. Yes. Sir. This is CFO Condlman. MF has just dumped all the stocks. Yes. Yes. That’s right. It’s total chaos. This is really crazy. Yes. It’s possible. Yes. It’s about 8.2 billion dollars. First, I need 30% as a deposit. You just need to deposit it within 3 days. Right. Yes. Understood. Thank you for your hard work.

“We take it. We all take it.”

“yes?”

“We’ll catch whatever MF throws at us. It’s okay.”

“The company has almost run out of money to buy back its own stocks. How can I get it?”

“First, take as much as you can from the company’s funds. Then, when those funds are all used up, take them to the family account.”

“There are no funds in that account either. I’ve already spent them all.”

“It’s okay. It will be deposited right away. But you will receive it after it drops 20% from the current price. What is the current stock price?”

“It’s $149.”

“It was $110 before these crazy guys came out, right? If it goes below $120, I’ll take it all. I can take all 14.5%.”

“Wow. The family’s share will increase tremendously?”

“Even so, our losses will be minimal. The losses will be seen by MF. What on earth are you thinking, doing such a crazy thing? Was your goal just to surprise us? The losses will be enormous.”

“That’s right.”

The stock price fell below $120 in a matter of days, and MF Invest’s nonsense almost went down in history as the greatest nonsense ever.

But MF Invest’s antics did not end here.

“Chief~!! Chief.”

“What is happening now?”

“These guys are crazy again. No, seriously, this is beyond crazy. They’re doing some fucking fucking stupid shit.”

“what?”

“I shorted it. I shorted a huge amount.”

* * * * * * * * * * * * * *
* * Read Korean Novel * *
* * * Noblemtl dot com * * *
* * * * * * * * * * * * * *

“What are you talking about?”

“It’s a covered short. This crazy MF Invest shorted our stock. At $100 a share. They used everything from loan transactions to stock loans to short the stock for 10 days. At $90.”

“What is the stock price now?”

“It’s $112.”

“But you shorted it at $90? In 10 days? For how many weeks?”

“80 million dollars. That’s 7.2 billion dollars.”

“You crazy guys!!!”

“That’s why.”

“Our stock is going to go down to $90? Are you sure about that? Is there anyone who would take that?”

“I think I’ll get it because the amount is so meritorious. Unless there’s a natural disaster, the stock price won’t fall so quickly in a few days. Oh~! I can already see the movement. Everyone is rushing in. Merrill Lynch has received 3 million shares. Goldman Sachs has also received 5 million shares. What should I do?”

“Um. Wait. I’ll make a phone call.”

– Tiring, tiring, tiring. Tiring, tiring.

“Ah. It’s urgent, why aren’t you answering?”

“Oh. JP Morgan just received 5 million shares.”

“Damn it~!! Just take it too! Take it all. Quickly. Take what’s left.”

“Yes. Then we will receive the remaining amount. Do you want to receive it in the company account? Or in the family account?”

“Get out of the family. Quickly. This is just a money grab.”

“Yes. Just a moment… Yes. We received it. All of the remaining 67 million shares.”

“Haha. This is really meant to fail. What the heck is this?”

“But, this will require a lot of money. Can you proceed without instructions? Of course, I will see profits, but the stake will also increase significantly.”

“If we take this, what will happen to our share?”

“Currently, we received 13% from the last MF sale, so it is currently 50%. If we take the 67 million short sales that just came out, it is 12.6%. That would be 62.6%.”

“What about our profits?”

“If you calculate it at the current stock price, it will be $22 per share. That’s about $1.43 billion (2 trillion won).”

“What the hell is this?”

– Ring ring ring.

– Ah. Hello. Yes. Sir. This is CFO Condellman.

– Oh. Sorry. I had to go to the bathroom for a moment. Okay. What happened?

– Yes. I have some urgent business. I did something crazy at MF again.

– what?

– We have shorted our Ganadako stock. The current stock price is $112, and we have shorted all 80 million shares, saying we will sell them at $90 in 10 days.

– What? Does that make sense? So?

– That’s right. These guys are really out of their minds. Anyway, this is an obvious thing. They’re just swimming with their feet on the ground. Anyway, they shorted, saying they’d sell it 20% cheaper than the current market price. Merrill Lynch got 3 million shares. Goldman Sachs got 5 million shares. JP Morgan got 5 million shares too…

– Us? Shouldn’t we have received it too?

– Yes, of course. The call didn’t go through, Mr. President, but this is so obvious. We received all the remaining 67 million shares.

– Oh~! Good job. What about the account? Did you get it from the company? Or from the family?

– Of course. Of course, this should be received in the family account. So, I need additional money right away. If the deposit is not made today, the transaction may fall through.

– Good job~!! As expected, I’m good at judging people. Hahaha. I’ll give you a big bonus for this. Don’t worry about the money. I’ll make it somehow. Hahaha

– Yes, I understand. Thank you, sir.

– No. You did well. You did really well. Come to my room after 2 o’clock.

– all right.

At that time, Min-ki was walking around using teleportation.

I looked at Google Maps, calculated the coordinates, and moved a long distance in an instant.

Although I moved slightly away from the exact location, I moved first using teleportation rather than moving live, and then used short-range warp several times within the range of vision to move to the desired destination.

“Let’s see. Is this the first goal?”

Min-ki is now in the oil fields of Texas.

He is using stealth magic on his body and is floating about 100 meters in the air using fly magic.

“Okay… Let’s see. Hmm… Ah~! There it is. That’s the inheritance of Ganadako.”

“@#! #$@ %^$ ^&% &^* (&*^ &^(* Material Deformation-Lithification!”

“#$@# %^$^ *()+*)* %$^ |)*%^$^$ #$@# Amplify!”

“!@!@ #$@ $#% ^%&^ )*&& +%^$ =435#@# Spread!”

“Okay. Now this inheritance can no longer be used.”

Min-gi wandered around Ganadako’s genetics and cast three types of magic: material transformation, petrification, amplification, and diffusion.

This magic is true to its name.

Oil fields that have been struck by this spell can no longer produce oil.

Because the oil deep underground will gradually solidify and turn into rock.

How can you pipe out oil that has hardened like a rock?

For now, only the oil around the pipe will change, but over time, all the oil around it will turn to rock.

However, since such an abnormal phenomenon could be suspected if only the Ganadako genetics were to occur, the same magic was applied to about 50 other genetics that were on the way.

In particular, they focused on oil fields owned by unscrupulous companies with bad reputations, such as those that turn a blind eye to environmental pollution.

Still, with over 65,000 genetic sites worldwide, this is just a drop in the bucket.

Over two days, about 20 oil fields owned by Kanadako and about 50 fields owned by other companies.

A total of 70 oil fields were completely turned into rock.

The news made headlines in global oil and energy markets just days later.

-[Breaking News] Oilfield production halted at 70 oilfields with ‘unknown cause’

-[Breaking News] 70 oil fields around the world, including the Middle East, the United States, and the Gulf of Mexico. Production is not possible for unknown reasons!!

-[Breaking News] Is it the wrath of God? Oilfields are stopping for ‘unknown reasons’. Excessive oil mining? Oilfields turning into rocks

-[Breaking News] Unexplained petrification. Liquid crude oil solidifies and cannot be mined. Over 70 oil fields around the world are stopped!!

-[Breaking News] The international oil price, which had been plummeting, has stopped. Production at 70 oil fields has been halted for ‘unknown reasons.’ There are concerns that the price of crude oil will rise sharply if the abnormal phenomenon spreads.

-[Breaking News] Intensive analysis of rock formation genetics. Experts from around the world gather. The cause is still unknown~!

-[Breaking News] Petroleum oil field profitability is zero (0)! Stock prices of companies owning petroleum oil fields plummet!!

-[Breaking News] Is it a prank of God? All the oil fields owned by ‘Ganadako’ are turning into rocks~! An overwhelming rate compared to other companies. Stock price plummets.

Read Novel Noblemtl
Read Novel Noblemtl