BPT 2.04% $1.25 beach energy limited

This HUGE buy at 4:13 PM, page-23

  1. 27,094 Posts.
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    Completely agree with Aramco comment, Barney.
    It’s always been about the Aramco IPO. How to flog 5% of state oil company for something like 20x MC of Apple, the biggest company in history... open the OPEC production floodgates, crash oil to $28, destroy US Shale financed on a cheapo wing and a prayer, sorry, no shut-in to ride it out you need to pump your limited expensively drilled resources just to pay the interest, set back their infrastructure and staff levels by a decade, then rope in the Ruskies and turn the taps off again just as global demand naturally outstrips supply, all the while fighting a proxy war or three against another OPEC member in somebody else’s countries. Genius.
    Last edited by CEOChair: 15/05/18
 
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