4 ms·
Here's some interesting info... "Based simply on its oil reserves and using a conservative valuation of roughly $10 per barrel, Aramco could be worth more than
by joeyspn 11y ago
Here's some interesting info...
"Based simply on its oil reserves and using a conservative valuation of roughly $10 per barrel, Aramco could be worth more than $2.5 trillion." [0]
Then:
- $45/barrel (current price) --> roughly $11.25 trillion
- $100/barrel --> $22.5 trillion
etc
Thing is, where will the barrel price go? Any major or minor [1] event can move the price up or down.
[0] http://www.bloomberg.com/news/articles/2016-01-07/too-big-to-value-why-saudi-aramco-is-in-a-league-of-its-own http://www.bloomberg.com/news/articles/2016-01-07/too-big-to...
[1] http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7862246/How-a-broker-spent-520m-in-a-drunken-stupor-and-moved-the-global-oil-price.html http://www.telegraph.co.uk/finance/newsbysector/energy/oilan...
- scurvy 11y agoThe Aramco IPO doesn't include any reserves. Those remain 100% sovereign. You're just buying into the services company.
- scurvy 11y agoThanks for downvoting something 100% true? It's trivial to Google the source, but here you are. Straight from the CEO's mouth to print. http://www.wsj.com/articles/potential-saudi-aramco-ipo-wont-include-reserves-1453627558 http://www.wsj.com/articles/potential-saudi-aramco-ipo-wont-...