(☞゚∀゚)☞♡ try ViewAllFeedback.com see ebay sellers' negative feedback free

In Aramco IPO pitch, Canada plays up its natural resources expertise

Free Button: Daily News
Free Button: Daily News



This May 26th story corrects paragraph 12 to show Falih was speaking at news conference not to Reuters and adds comment on listing))By Alastair SharpThe Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.In pitch documents obtained by Reuters, the TSX talks up "a customized regulatory environment for resource issuers", its leading position in oil and gas equity capital raising, and strong trading interest from outside the country.The Canadian pitch is also broader than just for a slice of the Aramco IPO. On several trips to the kingdom, the most recent in late March, TMX executives have been joined by senior executives from some of the country's biggest banks, brokerages and other financial players as Canada Inc seeks a role in delivering the kingdom's broader Vision 2030 plan.One source directly involved in the Canadian pitch told Reuters they are focused on convincing the Saudis that Canada excels in 10 of the 12 areas they have targeted for development under that plan, including in mining and infrastructure. The source declined to be named due to the sensitivity of the matter."We feel that we have put TMX and Canada's best foot forward and we continue to promote our strengths in pursuit of business opportunities in the region and around the world," TMX said in a statement.But its best chance of winning a part of the biggest IPO ever, expected to raise about $100 billion as early as next year, may lie in its geography and geopolitics, securities lawyers say.While the exchange, owned by the TMX Group Ltd, is widely considered an underdog in a race that has also excited larger exchanges in London, New York, Tokyo, Hong Kong and Singapore its case could be bolstered by a recent change in U.S. law that allows those affected by the September 11, 2001 attacks to sue the Saudi government, they said."We are inoffensive from a political perspective," said Sarah Gingrich, a Calgary-based partner at Fasken Martineau, who has previously worked in Dubai with Saudi clients for international law firm Freshfields.That law, the Justice Against Sponsors of Terrorism Act, came into effect in September, after the U.S. Congress overrode a veto by former President Barack Obama.A group of insurers has since renewed a $6-billion lawsuit against the kingdom, seeking to hold it responsible for business and property damage as a result of the attacks, in which Saudi has long denied involvement.In a March 17 interview with the Wall Street Journal, the Saudi energy minister, Khalid al-Falih, said the so-called "terror law" is one consideration in the country's decision on whether to list in the United States.Falih, who is Aramco's chairman, declined to comment on the specifics of the IPO process at a recent news conference in Riyadh, citing legal restrictions. However, he said the Saudi government still intended to list Aramco in 2018 and that the preparations were on track.It was not clear if the issue was discussed during U.S. President Donald Trump's recent visit.A spokeswoman for the NYSE, which sources have said planned to visit Saudi soon after Trump's visit, declined to comment on their efforts to win Aramco's business.Nasdaq, which is a technology partner to Saudi Arabia's exchange, is also pitching for the listing, while the London Stock Exchange is working on a completely new type of listing structure to woo Aramco, Reuters has reported.Canada-listed oil and gas companies raised 22 percent of global energy financing over the past five years, the TMX pitch documents show, second behind the NYSE's 44 percent.The documents put Canada in third place behind Chinese and Hong Kong exchanges, and the United States for total capital raised in 2016, noting that TSX-listed companies raised 28 percent more than fourth-placed LSE.They say more than 40 percent of TSX trading originates outside the country and that bid-ask spreads, a key measure of liquidity, are among the lowest in the world.Still, while Canada boasts significant expertise in oil and gas financing and strong interest from both institutional and retail investors, it is dwarfed by the much larger U.S. market.The oil and gas companies listed on its main TSX exchange and the junior TSXV have a total market capitalization of C$325 billion ($239 billion), TMX says.By comparison, the New York Stock Exchange says its oil and gas companies - which include super majors ExxonMobil Corp, Chevron and secondary listings for Royal Dutch Shell and Total - are worth $3.3 trillion.Neither the source in the TMX delegation nor the external lawyers said listing and regulatory requirements would prove much of an obstacle to a Canadian listing, especially if it were to be a third or fourth option.


canada news cbcnews cbc broadcasting media public broadcasting cbc news canadian news canadian broadcasting corportation (tv network) cbc news network history quebec flooding sea level rises tsunamis in canada waves take houses on shore damage due to waves big waves building collapse national park beach research gaspesie uqar sea level climate change ocean coast erosion forillon parks canada distruction floods maps mapping natural resources canada
  Email Video to Friends   Receive Emails for Similar Videos


  Repeat and Loop Video   Link to Video   Create Short URL  Publish Text About This Video   Share on Facebook, Twitter, and more
  See Recommended Videos For You
Old Cartoons on DVD. Visit and Bookmark: Cool90s.com!


  Saudi Aramco selects U.S. firms to audit its reserves for IPO sources January 26, 2017   Pan Asia Metals raising US$1.5mln to advance drill-ready projects in Thailand   Which exchange will Saudi Aramco chose for its IPO?   Canada chooses "moral superiority" over cheap energy   Gasparino: Saudi Aramco seeking $2 trillion IPO for next year   Saudi Aramco: The biggest energy company in the world   Watch how a Parks Canada crew conducts a controlled forest fire   Japan Said to Seek Saudi Aramco Listing   Chilean economy stalls as election nears   Natural resources in Africa   Trump proposes selling half of Strategic Oil Reserve   Aramco CEO Sees Oil Supply Shortage As Investments And Discoveries Drop   FirstFT - US travel ban, Aramco IPO | FirstFT   FirstFT - US travel ban, Aramco IPO | FirstFT   Natural Resources Canada wasted $24K on “diversity” consultants   Nasdaq Plans to Win $100 Billion Saudi Aramco IPO   Money Talks: Exclusive interview with Amin Nasser, CEO of Saudi Aramco   Australia’s natural gas price remains high as it becomes biggest LNG exporter   Michigan DNR Recruiting for NRC Youth Council   Lululemon rolling up its mats in Canada?   ESS3A - Natural Resources   Coming up : Energy Union, Pesticides, Arctic Policy, Access to Medicine   Cliff’s Natural Resources Raises 2016 Sales Volume Guidance   China’s engagement in Africa: From natural resources to human resources   DENR chief meets mining company execs   NRDC's Rooftop Honeybee Cam | Video   Reporter's File - Ugandan tourist attractions   DNR looking for public feedback for shooting range location   London opens door to Saudi Aramco | Markets   Eric Kaufman on Investing in Oil, Energy   Could Arctic Resources Ignite a War?   UENR holds maiden Congregation   Tip TV: Will Saudi’s Aramco opt for London Listing?   London opens door to Saudi Aramco | Markets   Media's role in sustaining natural resources   Canada Goose Stock Soars in IPO Debut   Trump-Era Sees Afghanistan As Business Opportunity   Medgold Resources - One Minute Pitch   We have used all of Earth's resources for 2016   Tapatan Ni Tunying: Natural Resources   Canada Goose Faces Animal Cruelty Allegations Ahead Of IPO   Natural Resources Police Safety Check   DNR mistake could cost man a thousand dollars   The Coyote Challenge   Atlantis Resources cashed up for phase I tidal power plant   Saudi Aramco CEO: IPO still on track for 2018   Goldman Sachs Buys Into Aramco As It Seeks IPO Role   Canadian HR Reporter News Headlines (Jan. 4, 2010)   Oil economics: Behind the Saudi Aramco IPO - Counting the Cost   Saudi Arabia’s new Crown Prince - CaspianReport   Environment over economy is key to happiness, expert says   The South China Sea explained   Can Kenya's tourism industry be a hole in one?   Arirang Special(Ep.363) Salam, Iran, The K-Wave Bloom in Persia _ Full Episode   Money Talks: Saudi Aramco IPO may be delayed   Employee Performance Scorecards   Sarasota County offers summer camps for adults   Money Talks: US investment firm to advise Aramco IPO   Lack of skills and knowledge   Syngene International announces its IPO   Over 37,000 Atlantic Salmon Planted Into Thunder Bay River   DNR confirms 2 cougar sightings in northern Wisconsin   Russia captures key resource markets   DENR set to close Payatas landfill | UNTV Drone Journalism   Infected tick population on the rise in southern Wisconsin   Snap is On Track For A 6th Straight Day of Gains   Maryland Department of Natural Resources deals with 17th drowning.   Ghana-China Relations - AM Talk on Joy News (27-6-17)   Kalalau Trail visitor safety video   Tony Blair visits Institute Of Economic Affairs, Ghana   Curious Boy In Russia Puts Hand Up Mannequin's Dress And Peeks Up Its Dress...   Saudi Arabia gives state oil giant tax break to help IPO   Venezuela: A Socialist Basketcase   DNR officer-involved shooting in Baltimore County   Kenya-Somalia embroiled in maritime dispute

Popular Today

  Serious Sam 4 Review   Service Dog Awareness Month: serving our nation's military heroes   Night Of Violence In Minneapolis Leaves 1 Stabbed, 8 Shot   Nepal govt issues clean chit to China over illegal constructions in Humla district | World News   Projection: First Light | Gameplay Trailer | PS4   Whitehall’s Karli VanDuinen excels in golf and bowling   Tom Brady On Rebuilding Chemistry With Rob Gronkowski   24 Oras: Sec. Locsin: You don't cancel elections for any reason. That's treason   24 Oras News Alert: EDSA U-turn slot sa tapat ng Trinoma, isasara na sa Lunes   Nerdist Book Club - Lovecraft Country Part 6   Boom! Wh Press Sec. Kayleigh Mcenany Destroys Dems With Their Own Words During Epic Takedown   ((LIVE)) News at 7 p.m. on GTV/GBC News   David Sirota REACTS To New Report On #KHIVE Doxxing And Harassment   New York Jets vs. Indianapolis Colts Prediction 9/27/2020 Week 3 NFL Pick, Betting Tips and Odds   Estallan protestas en Madrid tras rebrote de COVID-19 | Noticias Telemundo   Waimea Shark Warning   Best True View Offensive Plays | Week 2 Highlights   23ABC Weather for September 24, 2020   Restaurants inside Allegiant Stadium   No Man's Sky | Origins Update Launch Trailer | PS4   NASA reveals $28-B plan to send first woman, the next man to the moon in 2024   Coronavirus: Rishi Sunak unveils post-furlough plans | 5 News   Damdar 10 : Deepika arrived Mumbai, will appear before NCB on Saturday | Big Breaking News   The Astros plate 12 runs in dominant win over Rangers | Astros-Rangers Game Highlights 9/24/20   Farmers stage protest in Punjab, Karnataka over farm bills   B.C. NDP renews promise for $10 a day child care   Crazed Liberal Driver Gets Instant Karma After She Screams & Flips The Bird At Maga Supporters   LIVE: NewsNOW Stream Part 2 - 9/24/20   Charles Barkley Says "Breonna Taylor Isn't The Same As George Floyd"   "World"s loneliest elephant" Kaavan to find company in Cambodia   More Sports & Les Levine with Dave Bacon & Ellis L. Williams - MS&LL 9/25/20   I was ambushed by Joy Behar and The View | Kim Klacik   “Swerve” wants another crack at Santos Escobar: NXT Takeoff to TakeOver, Sept. 23, 2020   اخبار ساعت شش عصر- سه‌شنبه اول مهر   US democrats preparing bill to limit SC judges' term | Tenure would be limited to 18 years | US   Crash Bandicoot 4: It’s About Time | Gameplay Launch Trailer | PS4   Tyson Fury calls out Boris Johnson to stop racism towards Travellers   Child pulled from pool in Mesa Thursday   Stars, Lightning Mic'd Up for Game 2 of Stanley Cup Final   San Francisco Intl. Airport with ATC Qantas 747 KLM 787, Air Canada 777   Sherlyn Chopra ने ड्रग्स कनेक्शन पर खोले बड़े राज़; चौंक जाएंगे आप भी | FilmiBeat   [영상] Nll 공무원 사살 만행...北, 12년 만에 국민 사살 / Ytn   Rep. Schiff on ABC 7: Our Reforms Will End Future Presidential Abuses and Protect Our Democracy   CBS4 Exclusive: Federal Investigation Of Former South Florida Rep. Ileana Ros-Lehtinen   The Left Gets Divided After Mitch McConnell Busts His Ass Trying To Get Onstage   Chicago Bears vs. Atlanta Falcons Prediction 9/27/2020 Week 3 NFL Pick, Betting Tips and Odds   Israel toughens second lockdown as virus cases surge   Assessing fallout of Saquon Barkley's torn ACL on Giants' offense, and future   Indianapolis Colts' Rigoberto Sanchez connects with Hispanic football fans   Anne Arundel County educators demand collaboration, reopening agreement   View All Today's Popular Videos