Sunday, May 7, 2023

Oil rich companies are placing billions into private equity funds for safe-keeping!

Middle-East giants in the oil and gas industry have money to stash away from those with mouths drooling with envy over the bonanza profits being currently recorded in the traditional investment.

Not to make too much of a thing over their surprise boom in monetary return, some analysts surmise, the industry must be ploughing their profits into private equity funds, available for investment for opportune stock market fire sales and land grabs.  Oh, too much of a good thing, even for Russia to take advantage of (it's said Russia prefers minerals like gold).

My opinion.  

No comments:

Post a Comment