Sign in to follow this  
Followers 0
BL

You know you're at the top of the oil market when ARAMCO going to offer stock internationally. They want to cash out.

Recommended Posts

(edited)

Not saying once the virus scare is over that oil doesn't go back to $60's maybe even $70 short term . . . . but electric vehicles , alternate energy , ESG (environmental, social governance) , natural gas replaces some oil uses , natural gas liquids replace  all oil as petrochem feedstock, etc  does not bode well for oil and all Petro-States.  

Not today, not tomorrow but sooner than most realize.

Too much oil

Too much  natural gas

Soon too much ethane ( 3 years ?) too much NGLs

SAIDIS CASHING OUT . . . IF ANYONE IN INTERNATIONAL MARKETS ARE INTERESTED ?

PS Where does ARAMCO stock price go when LOCKUP comes off in June ?

Edited by BLA

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0