Imagine the amount of capital the Saudi's will free up in doing so. Imagine the acquisitions they could pull off with these monies.
The Saudi's have been overstating their reserves for decades, my bet is - if they do raise via IPO they will then go onto acquire strategic reserves.
Nice quote btw;
"This is an epochal change in the oil industry," said Bob McNally, founder of Washington-based consultant The Rapidan Group and a former senior White House official.??"Saudi Arabia is getting ready to ride the oil-price roller-coaster, not control it."
Read more: http://www.smh.com.au/business/ener...l-producer-20160107-gm1k6i.html#ixzz3wbedqEYs
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Goodbye to flooding the market..
Imagine the amount of capital the Saudi's will free up in doing...
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