RPT-For timing of Aramco IPO, watch forward oil price curve:
"It’s the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock market listing? Many industry experts are focusing on the current level of oil prices. However another key consideration for Saudi officials in floating up to 5 percent of the state oil producer is where they see prices in one to two years’ time, two sources close to the IPO said. The Riyadh government is carefully analysing the future price curve structure in oil markets because it regards prices further out as an important element in achieving a high valuation in what could be the biggest initial public offering in history, the sources told Reuters."
'via Blog this'
No comments:
Post a Comment