[rockdoc123]

$this->bbcode_second_pass_quote('', 'L')ook---I'll help you out. Check out this glossary of common acronyms used in the oil biz.

[Plantagenet]

$this->bbcode_second_pass_quote('', 'M')SC is an acronym used all over the place, here is a link with 202 uses https://acronyms.thefreedictionary.com/MSC

[rockdoc123]

$this->bbcode_second_pass_quote('', 'W')hy not just face facts? The acronym MSC in the oil biz refers to the MAXIMUM SUSTAINABLE CAPACITY of oilfields. This term has been in usage for decades in the oil biz. For instance, check out the definition given by the Oil and Gas Dictionar

[Plantagenet]

$this->bbcode_second_pass_quote('', ',') please show where in that dictionary it uses the acronym MSC? It doesn't.

[rockdoc123]

$this->bbcode_second_pass_quote('', '2'). The acronym MSC used in the Aramco releases concerning the oil production capability of Ghawar and other Saudi oilfields stands for Maximum Sustainable Capacity, which is defined in the dictionary of oil and gas which I linked to in my last post. The first letter of Maximum is M---the first letter of Sustainable is S and the first letter of Capacity is C, so the acronym for Maximum Sustainable Capacity is MSC.

[Plantagenet]

$this->bbcode_second_pass_quote('', 'M')SC - The average maximum number of barrels per day of crude oil that can be produced for one year during any future planning period, after taking into account all planned capital expenditures and maintenance, repair and operating costs, and after being given three months to make operational adjustments.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'N')ow you've got it. Finally.

[Plantagenet]

$this->bbcode_second_pass_quote('', 'G')ive your head a shake.

[Plantagenet]

The much delayed Saudi Aramco IPO is showing signs of life again. There is interest from the London, New York, and other major western bourses. BUT, Saudi Aramco is now considering not listing its IPO in New York or London at all, but instead may list it through an Asian stock exchange.

aramco-ipo-could-be-heading-to-asia

Listing the Saudi Armco on the Indian, Japanese or Chinese stock exchange would have certain advantages for the Saudis. They have deep and long standing financial deals already with Asian investors, including the Bank of China. There are many wealthy investors in Asia would are interesting in buying shares of the IPO. AND, the disclosure requirements for financial transparency for an IPO listing done in India or China are much less stringent then if the IPO was done in New York or London.

Cheers!

[rockdoc123]

$this->bbcode_second_pass_quote('', 'L')isting the Saudi Armco on the Indian, Japanese or Chinese stock exchange would have certain advantages for the Saudis. They have deep and long standing financial deals already with Asian investors, including the Bank of China. There are many wealthy investors in Asia would are interesting in buying shares of the IPO. AND, the disclosure requirements for financial transparency for an IPO listing done in India or China are much less stringent then if the IPO was done in New York or London.

[Plantagenet]

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('Plantagenet', 'L')isting the Saudi Armco on the Indian, Japanese or Chinese stock exchange would have certain advantages for the Saudis. They have deep and long standing financial deals already with Asian investors, including the Bank of China. There are many wealthy investors in Asia would are interesting in buying shares of the IPO. AND, the disclosure requirements for financial transparency for an IPO listing done in India or China are much less stringent then if the IPO was done in New York or London.

[rockdoc123]

this article indicates the decision to avoid LSE and NYSE was due to political uncertainties (Brexit and China) which makes sense given they have already disclosed reserves and finances and Tokoyo will require what is in effect continuous disclosure.

https://www.cnbc.com/2019/08/30/saudi-aramco-ipo-oil-firm-reportedly-favors-tokyo-over-london-hong-kong.html

$this->bbcode_second_pass_quote('', 'S')audi Aramco is considering Tokyo — instead of early favorites London and Hong Kong — as the international destination to list its shares, The Wall Street Journal reported on Thursday.

The initial public offering of Saudi Arabia’s state oil giant’s shares will take place over two stages: A flotation on the Saudi stock exchange later this year, followed by an international listing in 2020 or 2021, the Journal reported, citing advisors and officials familiar with the plans.

[StarvingLion]

I guess they aren't interested in the UK's new "currency" from Mark Conartistey:

Facebook bits

Thats where a bunch of shitheads wear VR goggles and see food everywhere but their stomachs growl like crazy.

Cog and rockdoc think its great.

[Plantagenet]

Prince Muhammad and his brother are reportedly in "discussions" with wealthy families in Saudi Arabia to get them to invest in the upcoming (?) Saudi Aramco IPO. Some analysts see this as a "shakedown," since the last time Prince Muhammad wanted money from Saudi Billionaires, he imprisoned them and tortured them until they paid up. The Prince has to believe that he won't have to torture them again to extract more money.

saudi-shakedown-kingdom-asks-countrys-billionaires-be-anchor-investors-aramco

This time the shakedown is more subtle.....Prince Muhammad is reportedly trying to get them to pony up to be "anchor investors" in the upcoming Aramco IPO. Anchor investors normally buy some shares of an IPO a day before it issues publicly, to demonstrate that there is a demand for the shares. But supposedly there is already great demand for shares of an Aramco IPO, so there shouldn't be a need for anchor investors, especially when the IPO isn't even scheduled yet and most likely won't happen for years.

This is just another curious and odd event in the long history of this long delayed IPO.

Cheers!

[Plantagenet]

Saudi Aramco is reportedly going to release the prospectus for its IPO by the end of October

aramco-ipo-prospectus-expected-to-be-filed-by-end-of-the-month

Things get discussed and debated at Peak Oil for years, and its rare that someone is proved to be completely right in everything they said. However this is such a time, and I want to take a victory lap here and now to celebrate the absolute correctness of everything I've posted about on this topic. For years I've maintained that the Saudi Aramco IPO would never get done in New York or London or any other major global exchange because the Saudis wouldn't be willing to go through the public disclosure process that is required.

And today I'm proven to be absolutely correct. The Saudis have now officially given up on their plans to do their IPO in New York or on any other American stock exchange. They aren't going to list in London or Paris either No.....the prospectus for the Saudi IPO says that they will be listed on the Tadawul Exchange.

The what?????

The Tadawul Exchange. Its the local Saudi Arabian stock exchange. Needless to say, no extensive public disclosure will be required.


By Jove I am right again!!!!. Hoo-RAY!

[rockdoc123]

$this->bbcode_second_pass_quote('', 'H')owever this is such a time, and I want to take a victory lap here and now to celebrate the absolute correctness of everything I've posted about on this topic. For years I've maintained that the Saudi Aramco IPO would never get done in New York or London or any other major global exchange because the Saudis wouldn't be willing to go through the public disclosure process that is required.

[EdwinSm]

Soon and very soon, but only on the Saudi Arabia exchange

$this->bbcode_second_pass_quote('', 'S')audi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO).

The state-owned oil giant will determine the IPO launch price after registering interest from investors.

Business sources say the Saudis are expected to make shares available for 1% or 2% of the firm, and the offer will be for existing company shares.

[rockdoc123]

According to Aramco the prospectus is out on November 9, pricing begins November 17 with final price set on Dec 4 (after the book-building period) and shares begin trading on December 11. I suspect it will be fully subscribed amongst banks and insiders.

They are offering 1 - 2% of the company shares (the local exchange doesn't have enough liquidity to do much more) which will leave 3-4% of the total 5% they originally planned to sell. Likely they will gage the response to this sale and then look to Hong Kong or Japan index for additional listing.

[Plantagenet]

$this->bbcode_second_pass_quote('EdwinSm', 'S')oon and very soon, but only on the Saudi Arabia exchange....We will have to see how this goes.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'W')hat a come down after all the hype about doing the IPO in New York or London.

Now its going to be a very very large IPO on a very very small stock exchange.