Aramco
Can You Benefit from the Oil Price War?
Stocks are nearly in a bear market as defined by a 20% drop in prices over the last month. The 7% fall on Monday, March 9, puts it on the list of worst one-day performances along with a whole bunch that led into the Great Depression and more-recent Great Recession. The aging bull market was already in trouble because of the economic effects of the coronavirus, but now the Saudi’s have slashed prices and started an oil price war. Our question is, how can you benefit from the oil price war aside from being […]
Is Saudi Aramco a Good Investment?
The largest oil company in the world is going public with an IPO valued at about $2 Trillion. Saudi Aramco is the state-owned Saudi Arabian oil company that out-produces any other single oil company and appears to have lots of reserves still under the desert and the Persian Gulf. We wrote recently how it might be a good idea this next year to invest outside of the USA. Is Saudi Aramco a good investment offshore or a better pick than other oil companies? For that matter, how do you invest in the Saudi […]