Trump urges Saudi Arabia to list state oil company on N.Y. stock exchange

[DonViejo]

Source: Politico




By POLITICO STAFF 11/04/2017 09:58 AM EDT

President Donald Trump on Saturday urged Saudi Arabia to list shares of its biggest oil company on the New York Stock Exchange.

“Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States!” Trump tweeted shortly before he was due to leave Hawaii on the first leg of a 13-day trip to Asia.

Saudi Arabia is preparing to sell shares of its state-run oil company — the world’s largest energy company — on international markets.

Saudi Prince Mohammed has said the initial public offering of about $100 billion could value the company at some $2 trillion, according to Reuters.

Read more: https://www.politico.com/story/2017/11/04/trump-saudi-arabia-aramco-oil-new-york-stock-exchange-244545

[BumRushDaShow]

1. Birth of a new bubble.

[Mr. Evil]

2. Now watch for the renewables to be manipulated

so that this shit soars and the Wall St. criminal cabal make shit-tons of money before they run it into the ground.

[Wellstone ruled]

3. Most llikley a major

PayDay for the Trump Crime Family and Friends.

[keithbvadu2]

4. if oil is such a good investment, why is saudi arabia divesting by reducing its risk and selling of

some things not a good investment?

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if oil is such a good investment, why is saudi arabia divesting by reducing its risk and selling off stock with an ipo?

sounds like a contraindication to me.

https://thinkprogress.org/saudis-plan-2-trillion-ipo-to-end-their-dangerous-addiction-to-oil-596fbb4e111a#.g3dywtvk3

Saudis see writing on the wall, move to get economy off oil before it’s too late

A $2 trillion Saudi Aramco IPO will monetize oil reserves before demand peaks and price collapses for good.