Hello Mooers, welcome back!
In today small talk, we will discuss Saudi Aramco secondary listing, as well as
Q1 underachievers.
Without further ado, let us begin!
One would never expect that the economic recovery can be so near to us, with crude oil trading at the range of USD 85 to USD 95, which is around USD 50++ away from its ATH (all time high) of USD 147.27 in July 2008 (about 14 years ago). This is also far far away from the price range of USD -38 to USD 18 in April 2020 (about 2 years ago).
As we know that
US inflation reached 7% in December 2021 (1 month ago), and the yet-to-be de-escalate Ukraine tensions, follow by the US-Iranian talks in Vienna, plus the never ending supply chain disruption, we might be able to see crude oil price trading much higher in the USD 98 to USD 118 range in H1 2022.
This definitely provide a very marvelous opportunity for Saudi Aramco to have a secondary listing, be it in London, Singapore or any other popular stock exchanges, and, the 50 billion raise in this exercise, will help Saudi Aramco to re-invest in other areas, before world oil run out in around 2050 to 2060.
As for the Q1 underachievers that I mention in my following post 3 days ago, we will be going thru them here to check out their performance.
Mars Mooo OP :
RDK79 : Citi economists now expect the Federal Reserve to make a more aggressive 50-basis-point hike in the fed funds target rate in March. I think 25, but only time will tell. Volatility is reality until then.
Mars Mooo OP RDK79 :
RDK79 : Ref my previous comment. Todays earth shaking news from more experts: The Fed is still likely to take a measured approach to rate hikes despite calls for bigger action.
Mars Mooo OP RDK79 :
Mars Mooo OP RDK79 : Why U.S. officials say inflation is no longer ‘transitory’
https://fortune.com/2021/12/03/inflation-no-longer-transitory-higher-prices-fed-chair-powell-treasury-yellen/
总加速师 RDK79 : I also think it's 25. After all, Biden's approval rating has fallen to 33%. If raising interest rates too quickly causes the stock market to fluctuate or even enter a bear market, he will face absolute defeat in the mid-term elections.
RDK79 RDK79 : Mainstream Media covering all their fear-based tactics today.
Saw this new headline:
Wall Street's go-to recession indicator is starting to get attention.
So now we rely on mainstream media for soon to come big rate increases, interest rates not as high in 42 years, now a recession… Guess they haven’t dug up the national debt catastrophe file yet, maybe that one is closer to mid term elections and by the elevation-fraud-fear file.
RDK79 总加速师 : Yep, guess he doesn’t twitter enough lies per day. Wallstreet has always tried to influence the Fed on rate movements. Important I mention the Fed and not POTUS. Especially during Greenspan era where he flatly said it won’t work and the Market can do what ever it wants. Result: US last balanced budget, that will never be seen again, at least not in my lifetime:(
RDK79 RDK79 : Most hate to admit or remember, and try to fight, that many things in life are cyclical. Including and especially the economy. Key is managing it as best as possible while encountering unpredictable events and greed.
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