Apparently it's official: Saudi Aramco has merged with SABIC. Well, I guess -- it depends on the definition of "merge." Data points:
- Aramco has acquired a 70% stake in SABIC
- estimated value of its investment: $69 billion -- let's call it $70 billion
- Aramco acquired the funds from the Saudi Public Investment Fund
- can you say "three-card Monte"?
- SABIC: one of the most defensive, non-cyclical segments
And we move on to Canada. Apparently, Imperial isn't waiting for pipelines to be built. LOL. Canad's Imperial Oil "has managed" to restart CBR from Alberta. Apparently "economic" under current conditions. If western Canadian oil is "economic" under current conditions, one wonders just how good the operators in the Bakken are doing.
Disclaimer: this is not an investment site. I am inappropriately exuberant about the Bakken. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.
Chess: Barnes and Noble's Busy Book sets -- the Norwegian trolls vs the Coco family. I played Coco. Sophia played the trolls. Three guesses, who won? The first two guesses don't count.
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