RE:Another short squeeze? Well said ! Kinda reminds of the defacto leaders words for Opec. Saudi Arabia's - MBS said in my words ....... it's been a year plus now but he has truly done everything and more this time around since He and Opec + actually DID manage to get oil pricing back on track.
What he said was along the lines of this ". Don't try and figure out what we are going to do , because you will be wrong.
I wish I could quite of word for word. But what he did do was bsck it up . Remember the Voluntary cuts Saudi Arabia did over and above the rest. He took millions of barrels off the market over and above.
So Windgod I absolutely believe if it came down to it he would take the entire hit to keep prices elevated so he can .................( in case your reading this and you don't know why they would actually voluntary cut a million barrels more than the rest ). Long Game - Long con -
2 words - SAUDI ARAMCO ! Valuations - depend on profit and future disbursements of this company along with just profits for the Kingdom through dividends are absolutely why Saudi will always step up from here on out
They are transitioning from Oil , to everything from clean energy , to smart cities , to tech .
However I believe the real reason they would do what ever it takes to keep oil above ( whatever price they determine really ) is for Saudi ARAMCO , more shares going into the public market .
Time will tell , but it does make for a good discussion for sure !!
Anyway , won't lie I have not enjoyed the price swings , even if I know it's temporary. So it's Friday , remember last Friday Lol Enjoy the weekend all especially the ones who are long term .
Craig
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