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.
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- Ann: Quarterly Report for the period ended 30 June 2017
Ann: Quarterly Report for the period ended 30 June 2017, page-34
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