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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (228)	4/3/2017 2:02:01 AM
From: elmatador	Read Replies (1) \| Respond to of 13781

The bankers salivating for the Aramco IPO pump the value high. Aramco tax cut lifts company's value by $1 trillion, analyst estimates "Assuming long-term oil prices averaging $75 per barrel, the valuation of the company increases from $0.4 trillion to $1.4 trillion," he said in a report. ... Global consultants Sanford C. Bernstein & Co said in a report that since Aramco had not released detailed financial information, it was impossible to make a reliable estimate of its value. But they said the size of Saudi oil reserves, larger than those of other oil companies, suggested Aramco could look cheap even at $2 trillion - although that figure excluded factors such as political risks. Using a different valuation method, enterprise value per flowing barrel, suggests a figure in the range of $1 trillion to $1.5 trillion, though the expected long life of Aramco's reserves compared with other companies means Aramco could command a premium to those numbers, Bernstein reuters.com