Aramco IPO ... more delays

Aramco revenues built SABIC, provide discounted feedstock, and now they formally buy it. This is just shuffling money around internally to siphon some off. Aramco’s best market value would be shedding it on the cash hemorrhaging deals. Now if they’d just build more Universities, sport stadiums, and why not fish hatcheries while we are at it. 

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On 7/21/2018 at 2:07 AM, John Foote said:

Aramco revenues built SABIC, provide discounted feedstock, and now they formally buy it. This is just shuffling money around internally to siphon some off. Aramco’s best market value would be shedding it on the cash hemorrhaging deals. Now if they’d just build more Universities, sport stadiums, and why not fish hatcheries while we are at it. 

And cinemas, don't forget cinemas. They just removed a ban on cinemas.

It's fascinating to see this tactic of moving money from one pocket to the other while the movers try to keep a straight face and believe everyone's amazed at their, erm, investment talent and financial prowess. Endearing, really.

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7 hours ago, Marina Schwarz said:

And cinemas, don't forget cinemas. They just removed a ban on cinemas.

Cinemas are an exception, they don't need public patronage monies to build movie theaters. There is a large pent up demand for family activities and Saudis are very genuinely family oriented. 

The amount of money that leaves the Kingdom on weekends, especially three day weekends, just so a family can see a movie together, is amazing. 

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