Aramco’s New Stock Offering Looks Doomed From The Start
By Simon Watkins More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of
By Simon Watkins More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be released for sale to the public if conditions are right, said the Governor of
by Jason Burack of Wall St For Main St In under 18 months (barely 12 months) Saudi Aramco (a small portion of shares went IPO in 2019) has added $20 billion in debt
By Simon Watkins The initial public offering (IPO) of Saudi Aramco that was heralded by Crown Prince Mohammed bin Salman (MbS) as being a showcase flotation for raising massive new
By Tsvetana Paraskova Saudi Arabia’s oil giant Aramco reclaimed the spot of the world’s most valuable company after a relatively steady performance in Riyadh so far this month, while shares
By Simon Watkins It was evident to anyone with even half a brain that the last Saudi-instigated oil price war would end in abject failure for the Saudis, just as the
By Irina Slav Aramco is considering staggering payments for the 70 percent in chemicals conglomerate Sabic that it said it would acquire last year. Bloomberg reports that the options the oil major
Energy titan Saudi Aramco said Tuesday it will boost its supply of crude oil to 12.3 million barrels per day in April, flooding markets as it escalates a price war
By Simon Watkins This week will see the onset of full trading activity in the shares of Saudi Arabia’s flagship oil company, Aramco. Through a combination of wooing local retail
by ScotchBrandyBourbon They are pricing it at $1.7 trillion. But this is a super inflated number. They are only selling 1.5% of the company. If they had to sell
By Irina Slav A day before Aramco is to announce the final price of the shares it will list on the Saudi stock exchange, the list of bad news for
By Irina Slav Malaysia’s state oil company Petronas, which Aramco was courting as a large investor in its upcoming initial public offering, has decided against the investment. “Petronas would like
by Puzzleheaded_Match Some of the world’s top investment bankers gathered at a Riyadh palace on Saturday to deliver their final recommendations on a project that had consumed the government of
By Cyril Widdershoven The global oil market could be entering unchartered waters in the coming weeks. After the US shale revolution, which threatened OPEC’s hold on and the stability of
by Frank Holmes, CEO, U.S. Global Investors Imagine waking up in your posh high-rise penthouse facing the Red Sea. Above the bustling city hangs a giant artificial moon that livestreams
Perhaps the biggest news is what’s missing: no % of shares; no price range (that we knew would come later). But more importantly: not independent geological assessment of the oil
By Julianne Geiger Saudi Arabia is hitting up its wealthy citizens to buy stock in the Saudi Aramco IPO, Bloomberg sources with knowledge of the matter said on Thursday. The citizens Saudi