Exactly right. Thats exactly what I've been trying to explain to you for several years now.
In spite of your repeated insistence the IPO would happen in 2016, and then more of your posts and more insistence on the IPO happening in 2017, and then another barrage of your inaccurate posts insisting it would happen in 2018, in the real world the IPO hasn't happened yet. It has been postponed and delayed for years now
Are you done making crap up? Please show us where I specified a date that I thought the IPO would be done? I linked to various statements and spoke to what was being told to the world by Aramco and SA. And you conveniently ignored the part of what Nasser said regarding the fact they had not cancelled the IPO (which you claimed they had at one point) but that they could not complete it until the purchase of shares from SABIC was completed as it would require having to reissue the prospectus given that the financials of the company would have changed. Nasser actually lays out the exact timing required. He is the CEO and President...I guess you can ignore his viewpoints if you wish but he is one of the few inside of the tent who are speaking to the public about plans.
Unless....and this is a big caveat.....unless another alternative strategic play comes into view again, necessitating another delay.
Yes anything is possible, the world could get struck by an asteroid as well or the Nashville Predators might win the Stanley Cup or Scotland might win World Cup Rugby.
Yes, there has just been a significant change to KSA/Saudi Aramco business plan. Now they are talking about expanding Saudi Aramco to take on new oil plays and opportunities in areas OUTSIDE of KSA
Exactly how is that exclusive of doing an IPO? In fact that would be exactly what you would like to do as a Publically traded Super Integrated Oil and Gas company which has been their goal all along.
It makes one wonder.....if buying SABIC caused a delay in the IPO as Saudi Aramco digested the new acquisition and updated their books, will taking on new properties and new oil developments OUTSIDE of KSA also require another delay in the IPO as Saudi Aramco digests these latest acquisitions and updates their books again and again
No they would not. The SABIC deal would require use of significant funds from ARAMCO’s warchest…they would be trading cash they have for equity and future cashflow which would have an immediate impact on their “point in time” valuation. On the other hand entering into a partnership agreement to explore or develop future oil and gas does not require anywhere near the amount of cash upfront (maybe a small signing bonus) and all they are committing to is future capital expenditures which has a much smaller impact (if any) on “point in time” valuation.
The point made in by Nasser and in many other articles is exactly what I have been saying...the reason they conducted the reserve audits and reorganized the corporation was in order to prepare for an IPO. If they weren't interested in doing the IPO they would not have done either.