Just came across this article and I have to say that I agree with the author. The Sabic acquisition was the main point of the plan to go public and the fact that Saudi Aramco is considering alternative sources of financing this deal gives us proof that the IPO is probably never going to happen.
https://www.bloomberg.com/opinion/articles/2018-11-19/saudi-aramco-sabic-deal-more-fodder-for-ipo-skepticism
They’ll probably invite you to the consulate and chop you up if you short the stock
Retirement plan back on schedule -
Music to mine too. #TheBigShort
IPO full speed ahead. Music to my ears.
Diverting all of Aramco’s cash to the PIF so that they can keep manipulating the stock market really didn’t come as much of a surprise.
Those tens of thousands of “private sector” jobs with the national oil company?
You never were going to see an IPO but the IPO created thousands of paper shuffling jobs for the stagnant pool of thousands of idle saudi “professional” personnel who would otherwise be sitting at a desk surfing the internet all day while avoiding any direct contact with dirty oil.
Might be time to look for the next huge memo and report creation announcement.