Aramco's Suspension of IPO Isn't a Surprise, Schork Says

Aramco's Suspension of IPO Isn't a Surprise, Schork Says

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Business, Architecture

University

Hard

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The transcript discusses the challenges faced by the Ramco IPO, primarily due to the difficulty in valuing a company whose demand functions have changed with the rise of alternative energy sources. The discussion highlights the impact of electric vehicles and other technologies on crude oil demand. It also explores the strategic shift towards investing in petrochemicals and natural gas as a response to these changes. The potential for the IPO to still occur is considered, with a focus on the risks and the need for diversification away from crude oil dependency.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the speaker suggest that the investment in natural gas is a strategic move for the future?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact did the increase in crude oil prices have on the concerns of oil producers?

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