InvestorsHub Logo

MovedOn

05/05/16 8:26 AM

#10758 RE: oilfieldmafia #10757

I sure hope so. But this Aramco IPO is a the real deal and has the potential to keep them from being cash strapped even longer term. My hope is that the catalyst is that the people start rising up as they continue to implement austerity measures...which some have already.

MovedOn

05/05/16 8:29 AM

#10759 RE: oilfieldmafia #10757

Another factor that may play huge in all this commotion is the weakening almighty $. It can only help prices if that keeps up.

mikoli007

05/05/16 8:41 AM

#10760 RE: oilfieldmafia #10757

Of course they will, they need a lot more money to start their transition into alternate energy, not that they will quit producing oil, they're just being smart by diversifying.
Also consider that when/if they take Aramco public albeit only 5%, they will benefit much more if oil prices are much higher, the higher they are the more attractive and profitable Aramco's investors will be.

MovedOn

05/05/16 2:30 PM

#10795 RE: oilfieldmafia #10757

Some good reading that makes sense, is logical, and with no hidden agenda. I'm addressing this to you because I know you're smart. Been around this board for months and have fuddled through all the BS; your posts weren't part of that.

http://roselandoilandgas.com/why-this-years-oil-rally-might-be-for-real/?aprilemail=$Subscriber.Email$