I've been waiting for the Saudi Aramco IPO. It was supposed to happen in the first quarter 2018. We are eleven days into the second quarter.
So what is the next best way to get a piece of the Saudi action? You know, wet your beak a little? Invest in companies with ties to the House of Al Saud.
So what is the next best way to get a piece of the Saudi action? You know, wet your beak a little? Invest in companies with ties to the House of Al Saud.
A Little Background on Me
I work in the O&G business...Oil & Gas. One of the best pieces of investment advice I can give is "invest in what you know." So I look for opportunities in my industry. I don't often find to much.
But it doesn't hurt to keep a watch list in my industry.
What Do I Know?
One of the reasons I'm interested in the Saudi Aramco IPO is because not only am I in the O&G business but I've been involved in Saudi ventures.
Disclaimer: I don't own stock in any Saudi companies, subsidiaries or have any insider knowledge of any Saudi moves. What I know is from public info and nothing proprietary from my experience in the business.
It's no secret that the Saudis want to diversify. They are starting to realize that they cannot sustain drilling and selling oil. There is more money to be made in diversifying into all aspects of the petrochemical business.
SABIC (Saudi Basic Industries Corporation) is opening a massive project in Corpus Christi, Tx.
Saudi Aramco just announced a big investment in TechnipFMC which is a public company. Honeywell UOP is also discussed in the article but they are not a publicly traded company. The article is worth the read.
Up In Smoke
John Boehner is joining the board of Acreage Holdings. Unfortunately they are not a public company either but it's worth looking for investment opportunities in the growing marijuana field.
