The Saudi Aramco IPO has been strung out for a long time now, arguably, to enable the Saudi's to try and get production cuts through to drive the price higher and ultimately get them a better valuation.
Once that IPO gets priced and off the ground I doubt you are going see those cuts continue. Your expectation of a price bounce would seem contrary to what I would expect to see. The Saudi's will have bought themselves years of budget breathing space with little reason to worry about falling oil & share prices, which they could in theory start to buy back for less that they received.
Ann: Quarterly Report for the period ended 30 June 2017, page-34
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Last
$1.14 |
Change
0.003(0.22%) |
Mkt cap ! $2.595B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.14 | $2.205M | 1.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 406820 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 314604 | 66 |
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| BPT (ASX) Chart |