iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Saudi Aramco Needs to Go Public Soon — Let the Dogs of War Run Wild Until Then

If you needed the price of hot dogs to head higher in order to bring your hot dog stand public and raise a fuckload of money that could be used to invest in things other than hot dogs, you’d be elated if I was to attack a country where most of the hot dog meat came from. The same could be said about America’s pending involvement into Syria.

Sure, plenty of people (aka collateral damage) will be massacred, some in heinous ways — but it won’t be for naught. Heck, the House of Saud is going to part with some of their prized oil possession and with the money raised via IPO they will diversify their economy. Everyone knows oil is going by way of the horse and buggy. Now is the time to act, not later.

On rumors of UK, France, and US forces moving into position to kill Syrians, oil is spiking hardcore +3.7% — which has lit a fire under the shares of some of your favorite oil stocks.

BOOLISH ON GHOULISH.

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28 comments

  1. numbersgame

    Nice graphic and article to go with above
    http://economy.money.cnn.com/2013/09/05/why-syria-matters-to-oil-markets/

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  2. s.k.

    Guess who else benefits from the price of petroleum products going up?

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  3. it is showtime

    Writing my new book called, “God is a faggot”

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    • natehois

      Do you play god in your book?

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    • joyous__ending

      Actually does sound like a book a homo would write.
      Of course no homo or “it is showtime” has the guts to write “Allah is a faggot”.

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  4. acehood

    If you knew this why were you in ERY

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  5. Lyndon Keltner

    Just went short crude at 65.77. Will short more tonight if it goes still higher.

    Easily 50 cents of profit if not moar

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    • numbersgame

      Hmm, giving your positions instead of just criticizing others like some other unnamed cowards. ***cough, cough, acehood***

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      • Dr. Fly

        Numbers just cucked Ace again.

        Damn player.

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        • numbersgame

          Some were meant to play the game, others are more comfortable sitting in the bleachers and booing the opposing team.

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          • Lyndon Keltner

            Real winners (e.g., Buffett, Paul Tudor Jones) never/rarely attack/heckle others. They know they got it.

            Can’t say the same about the fake billionaires like Ackman and the current POTUS.

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      • Lyndon Keltner

        Thanks. My modus operandi is to win, win, win, no matter what.

        And I do believe in shared prosperity; winning is essential for prosperity to sustain.

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      • acehood

        and given your “positions” you shouldn’t be doing either, snicker

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    • tonka

      Good call. I firmly believe a reversal in the aftermarket is far more predictable than a gap close at the open.

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      • Lyndon Keltner

        I place many of my bets primarily based on my own list of overboughtness/oversoldness measurements in the last 48 (futures) trading hours. This trade is one of them.

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        • Lyndon Keltner

          And I got my 51 ticks on 20 contracts, rather effortlessly.

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  6. tonka

    I’ll believe it when I see it.

    Until then, I’ll file this under the 3 attempts it took to have a Yuan denominated crude future that still might fail.

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  7. stockslueth

    “We are just an advanced breed of monkeys on a minor planet of a very average star. But we can understand the Universe. That makes us something very special.”

    Stephen Hawking

    Planet of the Apes indeud!

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  8. sarcrilege

    Just when KSA aligned itself w/ Israel/US effort to start a hot war in Syria. Convenient way to boost crude on the backs of dead syrian civilians.

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  9. numbersgame

    In other news, good luck tomorrow to the bulls. Just like yesterday, the big boys are in Distribution mode (WSJ: Selling on strength, Block trades).

    It looks like acehood doesn’t want to play and I think I’ve reached my quota of posting for the day, so peace out.

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  10. fryguy15

    At least we are not cruel when it comes to war. Getting “touched” with a tomahawk has to be one of the most humanitarian ways to go, unlike the head-choppers in the ME.

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  11. moosh

    “The country wants to prevent any big falls in share price in the first few days” hillarious

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  12. stocksnblondes

    Saudi–the father of modern Islamic fanatacism–and the West still gets down on its knees for that shitstain royal family.

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