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Saudi Aramco
Posted on 1/9/16 at 3:03 pm
Posted on 1/9/16 at 3:03 pm
Saudi Aramco's Potential Market Cap
The Saudi's are pricing their IPO of Saudi Aramco. I think this chart is pretty mind blowing so I thought I'd share
The Saudi's are pricing their IPO of Saudi Aramco. I think this chart is pretty mind blowing so I thought I'd share
Posted on 1/9/16 at 4:29 pm to wutangfinancial
Sweet baby Jesus
That would make the largest company in the world, AAPL, look like a small business.
That would make the largest company in the world, AAPL, look like a small business.
Posted on 1/9/16 at 4:31 pm to TigerTatorTots
quote:
That would make the largest company in the world, AAPL, look like a small business.
Well thats because its not a company but the economy of an entire country.
Posted on 1/9/16 at 5:21 pm to barry
What happend if the Royal Family gets overthrown?
Posted on 1/9/16 at 5:56 pm to wutangfinancial
It is a National Oil Company (a nation).
Posted on 1/10/16 at 12:12 am to wutangfinancial
Wow.....seeing how petrobras operates, not sure I want to be involved in something so rife with potential problems.
Posted on 1/10/16 at 1:00 am to wutangfinancial
Anyone see this as a potentally good investment if they start selling stocks?
Posted on 1/10/16 at 1:35 pm to tigersint
What oversight would there be on the accuracy of their financial reporting? Just spit balling here but that could be an issue. Especially when the projected market cap is so ridiculous.
This post was edited on 1/10/16 at 2:03 pm
Posted on 1/11/16 at 7:36 am to wutangfinancial
It looks like that chart is based on the amount of total oil reserves. I wonder how accurate those measurements are?
old article
LINK
ETA: my tin foil hat moment...If Saudi Arabia did not have the oil that we think it has, then maybe the USA pulls out and King Salman bin Abdulaziz al-Saud has to fend for himself.
quote:
In 2004, Saudi Aramco stated that its oil initially in place (OIIP) has been growing steadily since 1982. There is considerable doubt about the validity of this increase, given the lack of new oil discoveries and the unusual nature of its steady continuous increase. Aramco stated the OIIP was 700 Gb at year end 2003 while a more realistic estimate is 580 Gb.
old article
LINK
ETA: my tin foil hat moment...If Saudi Arabia did not have the oil that we think it has, then maybe the USA pulls out and King Salman bin Abdulaziz al-Saud has to fend for himself.
This post was edited on 1/11/16 at 7:43 am
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