Saudi IPO, page-5

On the right track, 5% according to the report below is $319B !! Staggering.
(Or 20 times the value of Exxon so at 20 times, than its current value below)

http://www.google.com/finance?q=NYSE:XOM&ei=-XGPVtmIOcSP0gSFq59I
http://www.wsj.com/articles/saudi-aramco-confirms-ipo-study-1452254819

Or $456B AUD, which is roughly the same as buying the following our largest 6 companies outright off of the ASX;
5% of Aramco equals CBA, Westpac, ANZ, NAB, Telstra and BHP...
Again, my point stands - imagine how many acquisitions Aramco could make in the O&G space globally.\

It begs the question as to whether the Saudi intention has always been, crush the industry - then float, then roll up companies in acquisitions. Not withstanding the fact this approach should be illegal - in the ruthless business world - it would be commended... "Greed is good et all"



By the way, as I expected the $AUD has capitulated further, down to 1.43 per AUD. I expect unfortunately that we will continue to drop, which as stated a long time ago was part of my initial reasoning for getting into FAR.