Aramco, good buy?

[Mega]

Your thoughts guys?
Mike

[lakedaemonian]

Re: Aramco, good buy?

WeOil?

WeEnergy?

I have zero interest in "investing" in an entity that is:

1)Historically opaque about key metrics
2)The epicentre of resource wealth in the eye of a perpetual hurricane of violence
3)Vulnerable to the whims of a mafia dictatorship(ability to skim profits are endless)
4)Vulnerable to the whims of a popular uprising risk where the vast majority maintain a belief system incongruent with my own.
5)If it's such an amazing profitable deal, why are they floating it?

[GRG55]

Re: Aramco, good buy?

WeOil?

WeEnergy?

I have zero interest in "investing" in an entity that is:

1)Historically opaque about key metrics
2)The epicentre of resource wealth in the eye of a perpetual hurricane of violence
3)Vulnerable to the whims of a mafia dictatorship(ability to skim profits are endless)
4)Vulnerable to the whims of a popular uprising risk where the vast majority maintain a belief system incongruent with my own.
5)If it's such an amazing profitable deal, why are they floating it?

LOL

How about WeWahabi?

One will notice the listing is only on the Saudi exchange (allegedly "for now"). I will simply re-quote something I posted on this forum years ago. It's the essence of punters on the Tadawul: "Saudis with little understanding of markets, borrowing heavily to buy poor quality stocks at astronomical prices..."