Rashid 0 MR November 3, 2019 Can anyone explain the impact of saudi aramco approval in oil price please Quote Share this post Link to post Share on other sites
ceo_energemsier + 1,818 cv November 3, 2019 35 minutes ago, Rashid said: Can anyone explain the impact of saudi aramco approval in oil price please What do you mean by " Saudi Aramco" approval? of what? Quote Share this post Link to post Share on other sites
Stavkot 0 SK November 3, 2019 The IPO was just approved with the prospectus coming November 10th Quote Share this post Link to post Share on other sites
Rashid 0 MR November 3, 2019 so,it will impact on after that only Quote Share this post Link to post Share on other sites
Rashid 0 MR November 3, 2019 https://gulfbusiness.com/worlds-profitable-company-aramco-gets-approval-list-ipo-saudi-stock-market/?utm_campaign=GB_Daily_Newsletter_03_11_2019&utm_medium=email&utm_source=Eloqua Quote Share this post Link to post Share on other sites
Ward Smith + 6,615 November 4, 2019 10 hours ago, Rashid said: https://gulfbusiness.com/worlds-profitable-company-aramco-gets-approval-list-ipo-saudi-stock-market/?utm_campaign=GB_Daily_Newsletter_03_11_2019&utm_medium=email&utm_source=Eloqua Yeah, nothing like the full transparency of a Ryadh stock listing. I guess the Pyongyang exchange wasn't available 1 Quote Share this post Link to post Share on other sites
John Foote + 1,135 JF November 4, 2019 On 11/3/2019 at 7:12 AM, Rashid said: Can anyone explain the impact of saudi aramco approval in oil price please Once upon a time Aramco was the big swing producer. And as such had a large role in setting the price. Today the appetite/requirement for revenue to run the KSA is such they can't do the shifts in production they used to. The country is running in the red, and with their locked to the dollar currency, that can't be sustained the way the USA or China creates money out of who knows what. The IPO's value is viewed as heavily tied to the price, and forecasted, price of oil. So the IPO approval is impacted. The IPO as originally presented couldn't really happen on a major stock exchange for a plethora or reasons, not least of which are liability exposures, lack of proper governance, opaque financial, operational, and reserve information and only a very small percentage on the stock being for sale. So now it will be listed on the local exchange where those things don't really matter much. The royals will shakedown locals to invest in it, there will be a moderate amount of foreign investment which will make sense for relationship reasons. And life will go on. 1 Quote Share this post Link to post Share on other sites