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Saudi Arabian Oil Company (2222.SR)
Saudi - Saudi Delayed price. Currency in SAR
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As of 11:48AM AST. Market open.
61 reactions on $2222.SR conversation
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Perfect timing for Opec and Opec plus to adjust production in a big way until rebalanced...just about every sector is way overbought...tech. pharma. airlines cruise lines casinos hotels etc etc...if brent moves to 50 there would be an unprecedented rotation into oil...if the cut production 3-4 million barrels its nothing when amortized over all ..
Let’s use their numbers
5 billion barrels per year at 50 250 billion revenue
6 billion barrels at 35 210 billion revenue and more cost which do you choose ... right now opec opec plus and all other players ar3 in the same position ...demand is back to 88-90:so they should help rebalance quickly so every player is healthy oil shouldn’t cost less than bottled water
Could it be some are holding this price up, so later they can deploy more shares?
Because compared to rivals this stock is trading quite rich.
Simple math ..which is better 10 billion barrels at 50 or 10.7 billion barrels at 35....even opec announces a cut of 3-4 million barrels per day until the marker rebalances Brent will go to 50 in a week ... when you amortize that cut over all players it’s nothing . The Permian has been shocked they will not increase capex in a big way for a long time and investors want eps so old capex plans will never fly
They only offered shares in 1.5% of the company. So how does that work? If the market cap is 1.9 trillion, do you multiply that by 60-something to get the total value? 200 billion shares X 35 = 7 trillion. What am i missing? eli5 cheers
It's gonna fall
did anyone find where to buy this yet?
why is it going down?
After reading all the comments on here and looking at the current state of affairs with oil and global demand, I think I'll pass on this Titanic. If I'm gonna gamble on oil, I'll stick to the commodities market or SPDR/ETF's. Thanks fellas for the advice and info.
What is the price target?
You need to wait for ADR shares! let's not forgot this isn't USD. $1 USD = 3.75 Saudi Riyal You do the math, don't let the hype get the best of you.
How do we buy it in the USA???
you can buy the aramco stock in Banco Santander or any other bank that is listed in their web
yahoo did a good job adding this symbol
The only way to buy is through $KSA MSCI for Saudi index and $FLSA
They shouldn't have capped it at 10%
Why in the world would anyone invest in this and the past? The world is switching off oil for a cleaner future. Can you say Tesla.
Any suggestions on where to buy it from?
I WILL ONLY SAY THIS ONCE
BUY THIS AND YOU WILL CERTAINLY LOSE YOUR MONEY! Want proof I know? Well; I made over $300k on PCG alone, simply by realizing NO BANKRUPT Company is going to fare well and I shorted it despite all the hype by the BAGHOLDERS. Don’t be a bagholder it doesn’t pay.
By the way; I also went long on ASLN on its run up and sold three times tripling my original investment WARNING folks to bail at $7.25. Now look
Want another; how about several?
JCP. doubled my $ & will double again
CEI tripled my $. And bailed at $2.67
TLRY MORE THAN Quadrupled $
Warned everyone to bail
Last but not least; CMG @ $69 years ago and holding 4 x at ZERO COST
JUST BE WISE WITH YOUR $
This isn’t that difficult at all
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