Saudi Arabia’s sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies, according to people familiar with the matter, buying assets it perceives as undervalued in a market depressed by the coronavirus pandemic and low oil prices.
The stakes in Equinor ASA, Royal Dutch Shell PLC, Total SA and Eni SpA were all bought by the Public Investment Fund on the open market in recent weeks, said the people, who added that the fund might continue to make stock purchases.
Good time for an opportunistic approach; quid of the long run?
Oil prices are high Saudi jacking up prices, Oil prices are low Saudi manipulating markets😂
It’s time to buy 🔥
TradingetAnalys UBS: Expects Oil Demand To Collapse By About 20Mln BPD, Or 20% Y/Y, This Quarter - RTRS
Manipulation in markets . no such thing as
It’s called hoarding! Jack up oil prices - profiteering.
LullaAkshay
Are those legs or teats on that beast?
They threatened the companies with bone saws !
Travel stocks are in the basement - now's the time to buy!
Find out the value then see if they are short of cash then make an offer they cannot refuse, but in a friendly way.
it's a buyers market right now - just like right after the 2008 financial meltdown. get 'em while you can!
SAlzamam PIF Make a huge deals , great 🇸🇦
Great👌🏻
No such thing as manipulation in markets 😆
Fuck globalisation & the vultures it benefit
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Source: WSJ - 🏆 98. / 63 Read more »