As of today, Saudi Aramco, the largest oil producer in Saudi Arabia, announced that they plan on releasing an IPO by early December. Due to their profitability and sheer size, this is a very impactful event for investing. Analysts have the value of Aramco between 1.5 and 2 trillion dollars. For a little perspective, selling even 1% of Aramco stock could be worth up to 15 billion dollars. The main issue they are having, however, is that they are finding it hard to get listed in New York or London because of heavy environmental concern. Do you think Aramco should be publicly traded, or no because we should be investing our money in cleaner energy?
https://www.cnn.com/2019/11/03/investing/saudi-aramco-ipo/index.html
It will be very interesting to see what happens to the price of oil once Saudi Aramco goes public being that they are a such a large and leading player in the industry.
ReplyDeleteOil is what drives this world and is one of the largest industries in the world. Even though it is not the cleanest energy out there, as far as an investing standpoint it would be crazy to not invest in the industry. Morally that is a different story depending on your views.
ReplyDeleteI agree with Cole, I think that there is a big difference in what is morally right and what is the smartest decision when investing. I think most investors won't be worried about how clean the energy they are investing in is rather how successful the investment can be.
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