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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The Saudi Aramco IPO has been strung out for a long time now,...
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$1.45 |
Change
0.020(1.40%) |
Mkt cap ! $3.307B |
Open | High | Low | Value | Volume |
$1.45 | $1.46 | $1.44 | $6.124M | 4.220M |
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Price($) | Vol. | No. |
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4 | 35145 | 1.445 |
9 | 84422 | 1.440 |
5 | 140755 | 1.435 |
18 | 153680 | 1.430 |
7 | 66504 | 1.425 |
Price($) | Vol. | No. |
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1.450 | 92728 | 4 |
1.455 | 101837 | 6 |
1.460 | 126162 | 5 |
1.465 | 51785 | 5 |
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