Best Oil Stocks To Buy Right Now

There’s a major discrepancy over the value of Saudi Arabia’s state-owned oil company, and that could have a big effect on theSaudi Aramco IPO price.

Since Saudi Aramco first announced it was preparing for an IPO in January 2016, the company and other analysts have valued it at over $2 trillion dollars. Even if the Saudi Aramco IPO only offers 5% of the company to the public, the $100 billion value would still be the biggest IPO of all time.

But this week (April 25), officials are questioning the accuracy of the massive Saudi Aramco valuation. In fact, Saudi officials now say the $2 trillion Aramco IPO valuation could be off by more than $500 billion. That’s even after Saudi Arabia slashed the tax rate for Aramco from 85% to 50% to make it more attractive for investors.

Best Oil Stocks To Buy Right Now: InspireMD, Inc.(NSPR)

Advisors’ Opinion:

  • [By Lisa Levin]

    InspireMD Inc (NYSE: NSPR) was down, falling around 35 percent to $1.29. InspireMD reported the pricing of public offering of up to $7.5 million.


Best Oil Stocks To Buy Right Now: Pacific Gas & Electric Co.(PCG)

Advisors’ Opinion:

  • [By David Dittman]

    PG&E Corp (NYSE: PCG), Edison International (NYSE: EIX) and Sempra Energy (NYSE: SRE) are the parent entities of California’s investor-owned utilities.

Best Oil Stocks To Buy Right Now: Noah Holdings Ltd.(NOAH)

Advisors’ Opinion:

  • [By Monica Gerson]

    Noah Holdings Limited (ADR) (NYSE: NOAH) is estimated to post financial results for its latest quarter.

    Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets

Leave a Reply

Your email address will not be published.