Saudi Aramco

[Anonymous No.16206854]

Saudi Aramco - Something to invest ?

[Anonymous No.16206914]

>>16206854
Investing in an overpriced oil company slowly becoming irrelevant because of US shale.

[Anonymous No.16207215]

>>16206914
>US shale
makes kind of sense

[Anonymous No.16207284]

Is it open to foreigners? I had assumed it's only for locals

[Anonymous No.16207298]

>>16207284
nope - "everybody"

wana join? if yes why

[Anonymous No.16207317]

>>16206914

>Be US oil company
>Want to drill a well
>Have to get permit from state government, drill 10,000 feet to shale formation, put explosives down the well then use tens of thousands of horsepower worth of pumps to pump sand and water down the well, pay coiled tubing to come drill all the plugs out, then pay artificial lift to put a pump on the well that pumps continuously. This is the best case, assuming nothing goes wrong.
>Don't forget to follow EPA regulations and pay taxes along the way

>Be Saudi Aramco
>Hammer a pipe into the ground in Saudi Arabia
>Connect the other end of the pipe to a tank
>Open the valve
>Sell the oil

Who do you think can sell profitably at a lower price?

[Anonymous No.16207367]

>>16206854
>entire point of IPO is to raise as much money as possible (aka the shares are overvalued, almost always, after IPO, shares fall substantially in price)
>they already got all the easy oil and cashed out, now they want people to invest with them in risky ventures
>mudslimes
hard fucking pass if you ask me

[Anonymous No.16207371]

>>16207317
so with that cheap door to oil, is aramco an invest?

[Anonymous No.16207397]

>>16206854
I am watching this IPO from a healthy distance. The whole show feels like a last ditch attempt to raise cash.

[Anonymous No.16207419]

>>16207397
on the one side i see dividends...dividends like crazy...

on the other hand i see the last ditch to raise cash


BUT !

are the saudis smarter ? they are investet in ALL big car companies (25 % on Mercedes i think)

Do these fuckers know that the electric car is just a joke ?

...

i dont know rick...

[Anonymous No.16207447]

Fun fact, my first job outside college was with Aramco, once I learned about the jizya I was outta there. I don't think they'll have a good upcoming decade but they'll always be propped up by their gov

[Anonymous No.16207512]

>>16207447
>jizya
Jizya or Jizyah (Arabic: جِزْيَة jizyah IPA: [d͡ʒJzjæ]) is a per capita yearly taxation historically levied in the form of financial charge on permanent non-Muslim subjects (dhimmi) of a state governed by Islamic law in order to fund public expenditures of the state, in place of the Zakat and Khums that Muslims are obliged to pay.[1][2][3] Muslim jurists required adult, free, sane males among the dhimma community to pay the jizya,[4] while exempting women, children, elders, handicapped, the ill, the insane, monks, hermits, slaves,[5][6][7][8][9] and musta'mins—non-Muslim foreigners who only temporarily reside in Muslim lands.[5][10] Dhimmis who chose to join military service were also exempted from payment,[1][6][11][12][13] as were those who could not afford to pay.[6][14][15]

[Anonymous No.16207670]

>>16207371

Saudi Arabia has an incredible amount of control over the price of oil, and a LOT of oil. That said, everybody knows this so it is sure to be priced in.

[Anonymous No.16207785]

>>16207670
buy or not to buy

[Anonymous No.16207837]

will prolly dump hard when lockup ends. Buy then.

[Anonymous No.16207997]

>>16206854
>Saudi Aramco - Something to invest ?
It's an exit scam by the Saudi royal family.

[Anonymous No.16208595]

>>16207447
You do realise that jizya was typically less than the standard taxes Muslims would pay within the same state

[Anonymous No.16209217]

>>16208595
Second class citizens should pay lower taxes.

[Anonymous No.16209580]

>>16207997
This. They are probably running out of oil or hit peak at least. Trying to dump bags on the infidel.

[Anonymous No.16209907]

>>16206854
You’re stupid fucking ancestors invest in horse trading companies in the early 1900s too didn’t they.

[Anonymous No.16209920]

>>16206914
>slowly
It’s over for them. There are twice as many rigs working in WTX than Saudi
t. Drilling contractor baron

[Anonymous No.16210239]

>>16209920
Pump my GUSH up please based Oil Baron.

[Anonymous No.16210251]

>>16206854
the one thing ive noticed is everyone is always wrong. go with youre gut

[Anonymous No.16210258]

>>16206854
It will most likely be pretty fairly priced. Like most other oil stocks it's very unlikely to give you a huge return, but it might be a solid dividend/ value stock.

[Anonymous No.16210576]

>>16207397
I'm quite interested to see how they handle the proven reserves angle.

[Anonymous No.16210711]

>>16206854
KSA etf
Thank me later.

[Anonymous No.16210748]

>>16210258
dude, this is always the same shit.
Some big company owns a division that has lots of profits and good prospects.
They sell it at its peak, and pocket the benefits. That's why they are selling it.

[Anonymous No.16210921]

>>16206854
all this Aramco FUD
pic related is all you need to know if you are wondering if this is a solid investment

Plebs can't invest directly, but there is the KSA ETF which will allow you to profit at the periphery of the IPO.

[Anonymous No.16210997]

>muh is oil a good investment
Meanwhile you dumb fucks could've invested in something like NEE and be laughing to the bank. IF you're in your 20s and investing in oil stocks and NOT renewables you're either retarded or willfully ignorant.

[Anonymous No.16211206]

>>16210997
>>16210997
renewable energy development is a good thing and should be part of any portfolio, but you are on crack if you think oil is going away in your lifetime. It is still the life blood of the global economy.

[Anonymous No.16211331]

>>16211206
100% agree. NEE still utilizes non-renewable sources, but is the world's largest generator of renewable sun and wind energy. Im not going to invest in an energy company who is barely divesting into non-renewable sources. It's completely shortsighted and baffling.

[Anonymous No.16211361]

>>16211331
I’ve been watching Nextera waiting for a good place to buy in.
Might get it soon it’s starting a downward trend though.

[Anonymous No.16211383]

>>16211331
The Saudis have indicated that this is one of the major reasons for the IPO...they want to use the proceeds to diversify their economy away from just oil.

[Anonymous No.16211393]

>>16211361
>it’s starting a downward trend though.
buying the dip is better than paying top dollar

[Anonymous No.16211524]

>>16211383
lmao yeah now they want to do that? Like i believe those fucks. The last thing i want is more global energy control ruled by KSA.

[Anonymous No.16211596]

>>16207298
There's a lot of optimism about it in Saudi Arabia and a lot of Saudi "economists" guaranteeing at least double return. This huge amount of shill is making me cautious desu

[Anonymous No.16211838]

>>16211596
I've been seeing nothing but cautious optimism from the MSM and all of the IB's are saying that 2 Trillion is too high of a valuation. If anything, there is a low key down playing of this IPO in the media. Personally, I think institutional investors are all poised to pounce on this IPO. Talk it down a bit, get it for less.

[Anonymous No.16211933]

appears to confirm no future for oil. if US become less reliant on Saudi oil, that would mean US care less about holding petro dollar status, no? making the reserve dollar war baseless. what would the US play be, if US dont care about retaining petro dollar?