Aramco IPO?
Over at a financial forum... Regarding WTI /CL hitting $49.80 as covered in Ask A Weatherman?....
Jawboning Arabs? That misses the point, we are the Arabs and have now become the swing producer. Every time they cut, somebody else picks up the slack, like Rump tweets, a lot of hot gas and empty words.
Zen from a bedouin wearing a hattah… Keep cutting production and keep the frackers goin strong viz. cutting your own throat. Ramp up production and drop the price into the 30's?
Better have alot of powder to survive the long cold desert winter of domestic budget shortages, viz. your people cut your throat. Yeah, maybe that 2T from the Aramco IPO? One word, screwed.
As for the question at hand, the total solar eclipse on Aug 21st? How about sheer numeric gravitas? Works for me and Out.
The Saudis plan to offer up to 5% of Aramco in the IPO, at a predicted price of $100 billion. This would give Aramco a valuation of $2 trillion, making it the largest IPO ever. - Forbes - A Game Changer? - Brookings
I meant giving Aramco a potential valuation of $2T, which could be sold off in chunks over the years to come, to plug future gaps. But that might not even happen…
Wood McKenzie thinks Aramco's core business would only be worth $400B If true, quite the haircut, this hattah won't stay on and Out.
Joe – "What would be the driver for this run up?"We Nattered... Greed? Manipulation? Your guess on geo political drivers or exogenic shocks, is as good as mine or the local weatherman's prediction.
Jawboning Arabs? That misses the point, we are the Arabs and have now become the swing producer. Every time they cut, somebody else picks up the slack, like Rump tweets, a lot of hot gas and empty words.
Zen from a bedouin wearing a hattah… Keep cutting production and keep the frackers goin strong viz. cutting your own throat. Ramp up production and drop the price into the 30's?
Better have alot of powder to survive the long cold desert winter of domestic budget shortages, viz. your people cut your throat. Yeah, maybe that 2T from the Aramco IPO? One word, screwed.
As for the question at hand, the total solar eclipse on Aug 21st? How about sheer numeric gravitas? Works for me and Out.
P - Aramco/Naybob – GDP of Saudi Arabia is $646Bn of which probably $500Bn is Aramco revenues. Problem number one is they are not raising $2Tn, they are raising $200Bn which will only plug a hole in their current budget and then, going forward, they lose 10% of their revenues, which is like losing 10% of their GDP. Not likely to end well.We Nattered... Aramco IPO – your right, the offering is abt. $100B which will go to the SWF for investment. [Sovereign Wealth Fund]
The Saudis plan to offer up to 5% of Aramco in the IPO, at a predicted price of $100 billion. This would give Aramco a valuation of $2 trillion, making it the largest IPO ever. - Forbes - A Game Changer? - Brookings
I meant giving Aramco a potential valuation of $2T, which could be sold off in chunks over the years to come, to plug future gaps. But that might not even happen…
Wood McKenzie thinks Aramco's core business would only be worth $400B If true, quite the haircut, this hattah won't stay on and Out.
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