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  • commented 12 months ago
  • tags: GS JPM C MS
  • As you may or may not know, the reality today is that oil buyers are a dime a dozen, real fuel is the issue. The secondary market is for the most part composed of "fake offers" around the world doing a circle jerk on the Internet as people who have the real oil already know where to sell it.

    By the same token, no Major or legitimate buyer will issue a LOI, ICPO, nor will they issue any POF or pre advise of any kind, ever before seeing POP. Hence, our Modus Operandi is and has always been very simple: Prove the product, send an invoice, we will close it! Very simple.....We will also sell under the exact same circumstances. The exception is an unknown buyer to us where we'll have to Swift an RWA to prove financial capability.

    Just FYI, and to address the above challenges, we at Blackhawk are today securing our own financing at the tune of $2 billion from a syndicate of hedge funds to continue taking down our own product so that we do not have to be in a position without complete control of the cargoes. We are dealing with people that have been around a long time and have ongoing contracts with the Russian and other Refineries. This will only get our oil trading business to move at a much higher velocity.Ziad K Abdelnour
    [ less... ]
    As you may or may not know, the reality today is that oil buyers are a dime a dozen, real fuel is the issue. The secondary market is for the most part composed of "fake offers" around the world doing a circle jerk on the Internet as people who have the real oil already know where to sell it. By the same token, no Major or legitimate buyer will issue a LOI, ICPO, nor will they issue any POF or pre advise of any kind, ever before seeing POP. Hence, our Modus Operandi is and has always been very simple: Prove the product, send an invoice, we will close it! Very simple.....We will also sell under the exact same circumstances. The exception is an unknown buyer to us where we'll have to Swift an RWA to prove financial capability. Just FYI, and to address the above challenges, we at Blackhawk are today securing our own financing at the tune of $2 billion from a syndicate of hedge funds to continue taking down our own product so that we do not have to be in a position without complete control of the cargoes. We are dealing with people that have been around a long time and have ongoing contracts with the Russian and other Refineries. This will only get our oil trading business to move at a much higher velocity.<a href="http://www.blackhawkpartners.com/Blogs.aspx" target="blank">Ziad K Abdelnour</a>
    Jean-Paul Renoir commented 9 months ago
    Comment vas tu Ziad...Interesting to find you here!
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