Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Saudi Aramco

Market Commentary

Is Saudi Aramco Tesla’s (TSLA) biggest competitor?

 
So yes, Saudi Aramco could be Tesla’s biggest competitor. However, catching Saudi Aramco could be impossible for Tesla because the automaker has more competition and a product anybody can duplicate.

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Market Wisdom

Stocks to Watch in 2020

Saudi Aramco reportedly generated revenues of $354.9 billion and a net income of $111.10 billion in 2018. Yet, Mr. Market was paying $35.10 for Aramco shares on 31 December. Thus, Saudi Aramco could be the greatest value investment of all time.

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Opportunities

Exxon’s Uncertain Future

All this should prompt us to ask the question: is Exxon-Mobil’s business sustainable? Can any company even Exxon survive such massive losses in revenue and net income.

There is no good answer here because we have never seen a company take such losses and survive. Nor have we seen a company suffering such losses keep rewarding shareholders so generously.

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Long Ideas

Will Hyperloop and Electric Cars mean the End of the Line for Oil?

The oil industry will survive the coming of Hyperloop and electric cars; but it will look nothing like the one we have known. Instead it will be smaller and only a few companies in it will make money. Smart investors will stay out of oil for the foreseeable future, unless they are looking for something to short.

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