I made a similar point about the sheer size of this oil company in comparison to its peers.
Exxon is the biggest of the majors yet as you point out it is one 20th the size of Aramco.
There will have to be a lot of consolidation in the oil industry and the big companies will need to get much bigger.
The tier one companies will start to merge and they will swallow all the quality tier two companies.
Then they will operate as a cartel with oil back closer to $100.
This crash is going to change everything.
FAR is sitting on an ocean of oil.
We are the cheapest stock in the oil universe.
Saudi IPO, page-6
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49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
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| No. | Vol. | Price($) |
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| 1 | 19637 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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