Completely agree with Aramco comment, Barney.
It’s always been about the Aramco IPO. How to flog 5% of state oil company for something like 20x MC of Apple, the biggest company in history... open the OPEC production floodgates, crash oil to $28, destroy US Shale financed on a cheapo wing and a prayer, sorry, no shut-in to ride it out you need to pump your limited expensively drilled resources just to pay the interest, set back their infrastructure and staff levels by a decade, then rope in the Ruskies and turn the taps off again just as global demand naturally outstrips supply, all the while fighting a proxy war or three against another OPEC member in somebody else’s countries. Genius.
This HUGE buy at 4:13 PM, page-23
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| BPT (ASX) Chart |