I’ve followed oil news since I was a child receiving oil revenue at the young age of 6 and making my first investment in oil at age 16. There are so many different opinions regarding oil prices and it’s hard to know who to believe anymore. Everyone needs to understand something. Saudi Arabia will do what ever it takes to prop up the Pre-IPO Aramco as it could be worth twice as much as Apple at a potential of 2 trillion dollars. Can you imagine sitting on a potential IPO worth more than Google? There is only one hurtle and that’s $80 dollar oil. Until oil hit’s $80 Aramco will not go public. If you were low moral Saudi Arabia and you needed oil to be $80 to potentially make your Pre-IPO worth more than Amazon and Microsoft combined what would you do in their shoes? They are playing chess and not getting the results they want. Why? TRUMP! He’s the only one not playing by the rules of OPEC. If you follow the news you have to wonder why China, Russia, and Saudi Arabia seem to be getting along. One word… Aramco! Russia and China have been said to be the biggest investors in the stock. China is the biggest importer of oil and they just signed a 5 year agreement with Aramco to buy 1.67MM BOPD. Talking about securing your future! Keep and eye on Russia, China, and Saudi Arabia. If they can’t raise oil prices to $80 by simply curbing production they will find another way. I’d like to throw out some scenarios but I don’t want to sound like a crazy conspiracy theorist. We will see in the coming months.
Sean Pruitt President of Kingdom Exploration LLC