Morgan Stanley offers $1t Aramco spread post multiple scenario evaluation

A Saudi Arabian Oil Co. (Aramco) logo sits on an electronic display at the company’s corporate pavilion during the 22nd World Petroleum Congress in Istanbul, Turkey, on Wednesday, July 12, 2017. Photographer: Kostas Tsironis/Bloomberg

Morgan Stanley is one of the most bearish — and bullish — on Saudi Aramco’s valuation.

In a presentation for investors, Morgan Stanley bankers ran through several valuation models that gave a spread of about $1 trillion between the most bearish and bullish scenarios.

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