Aramco Shares
Dec 5th 2019, 1:55 pm
#1
Lost in BE Cyberspace
Thread Starter
Joined: Nov 2012
Location: bute
Posts: 9,740
Aramco Shares
Has anyone bought into Saudi Aramco ?
Dec 6th 2019, 6:16 am
#2
Go on.. Pull my finger..
Joined: Jul 2008
Location: Dubai
Posts: 5,726
Re: Aramco Shares
I've found Aramco's decision to go public now 'interesting', and I'm not entirely convinced of the likelihood that their shares would prove to be a medium-long term 'safe' growth investment. I'm more inclined to believe this is MbS's way of maximising the families earning potential from SA and a quick way to pay for some of his pipe dreams (Neom etc)..
Dec 6th 2019, 8:44 am
#3
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Aramco Shares
I've found Aramco's decision to go public now 'interesting', and I'm not entirely convinced of the likelihood that their shares would prove to be a medium-long term 'safe' growth investment. I'm more inclined to believe this is MbS's way of maximising the families earning potential from SA and a quick way to pay for some of his pipe dreams (Neom etc)..
Dec 9th 2019, 5:45 am
#4
Knee deep and rising
Joined: Sep 2011
Posts: 3,007
Re: Aramco Shares
When is it being traded on the open market? Is there going to be a window for all the 'volunteer' subscribers to dump the shares in an initial upwards bump before the price has a chance to tank or drop
Dec 9th 2019, 6:36 am
#5
Wannabe Cycling God
Joined: Jul 2009
Location: West Kensington, Dubai
Posts: 1,157
Re: Aramco Shares
Trading starts on Dec 11. I expect an initial rise as some Saudi focussed funds will need to buy to balance out their portfolios.
I read a report on Oilprice.com this morning showing how the price could go to almost zero (based on NOPEC), but now when I go back to look for it, it has miraculously disappeared.
EDIT - and now its back :S. https://oilprice.com/Energy/Energy-G...Next-Year.html
I read a report on Oilprice.com this morning showing how the price could go to almost zero (based on NOPEC), but now when I go back to look for it, it has miraculously disappeared.
EDIT - and now its back :S. https://oilprice.com/Energy/Energy-G...Next-Year.html
Dec 9th 2019, 3:36 pm
#6
Lost in BE Cyberspace
Thread Starter
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Aramco Shares
At a cost of zero, I would buy some.
