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Saudi Aramco IPO
From: CHYRON (DSMITHHFX)
5 Nov 2017 13:08
To: Manthorp
18 of 25
42049.18
In reply to
42049.17
You just need the right anesthetic
From: Harry (HARRYN)
7 Nov 2017 21:39
To: ALL
19 of 25
42049.19
It occurred to me that since Aramco is essentially a portion of the SA govt, then when you purchase a share of stock in Aramco:
- You are essentially purchasing a share of stock in Saudi Arabia
- The country is in heavy negative cash flow for a while - and apparently for some time to come
- Not sure if it is a good thing or not, but their solution to a cash flow problem appears to have been to round up anyone with significant money and influence and "jail them" and their families in a hotel.
- SA is also in the middle of several wars and appears to be itching to get into another one.
Not sure that this is really a great investment. Certainly outside of my risk / reward level.
From: CHYRON (DSMITHHFX)
8 Nov 2017 00:51
To: Harry (HARRYN)
20 of 25
42049.20
In reply to
42049.19
Saudi Arabia is fucked in all kinds of ways. OTOH, Brent crude just went to $64.
From: Peter (BOUGHTONP)
8 Nov 2017 21:38
To: Harry (HARRYN)
21 of 25
42049.21
In reply to
42049.19
Doesn't buying shares in Aramco mean you're paying the UK+US arms industry for ISIS's weapons
and
helping out the criminally abusive SA government.
Why the fuck would anyone want to do that?
From: CHYRON (DSMITHHFX)
9 Nov 2017 00:05
To: Peter (BOUGHTONP)
22 of 25
42049.22
In reply to
42049.21
From: ANT_THOMAS
9 Nov 2017 03:03
To: Harry (HARRYN)
23 of 25
42049.23
In reply to
42049.19
Many major governments are operating a budget deficit.
They've been running a very large surplus for many years which I believe now means cash in the bank. Obviously it relies heavily on the price of oil being above the breakeven point. Which seems to be around $74 for them.
Not just SA in the middle of many wars, but it does seem very involved in a lot of conflict at the moment.
From: CHYRON (DSMITHHFX)
9 Nov 2017 14:09
To: ANT_THOMAS
24 of 25
42049.24
In reply to
42049.23
Depends on what you mean by "break even", their production costs are ~$10 a barrel presumably the rest is to underwrite the princely lifestyle
http://money.cnn.com/2015/11/24/news/oil-prices-production-costs/index.html
From: Peter (BOUGHTONP)
9 Nov 2017 21:32
To: CHYRON (DSMITHHFX)
25 of 25
42049.25
In reply to
42049.22
Looks like the characters "short-term illusion of" have done a Tory from your image.
EDITED: 9 Nov 2017 21:32 by BOUGHTONP