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Online Share Trading

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GO SASOL GO!!

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101bn
Contributor
Nice run today. If Brent starts to run...................... MMMMMMMMMMMMMMMMMMMMMMMMM
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11 REPLIES 11
101bn
Contributor
Where do you that are on this horse see it going to? Im fairly sure 34000 should be reached end this week. Comments?
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Not applicable
not so sure myself but if that is the case I'll be one happy guy
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Not applicable
Breaking the R300 Barrier is still a long way off. Sasol will still retrace its previous low levels. So, there is still some pain to endure. I made a couple of thousands by guessing the performance of the share and so far I have been spot on. You need to understand the sasol share in relation to the oil price. At present it is pretty much stagnant. But good times are ahead.
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Werner_1
Super Contributor
For the long term i really like SASOL, read their annual report last night... I think it is a excellent company!
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DR_1
Super Contributor
excellent co, share price must go up as oil must go up. Most of the middle east countries apart from Saudi and UAE need about $90/bbl to keep them going, so Im assuming that they will keep cutting until the price comes into that range.
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101bn
Contributor
Jip Thats the problem with SOL. Oil and the dollar. But this baby turns on a knife edge if oil turns.
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SimonPB
Valued Contributor
340? heck seeing as you're talking your book, why not 3400? an now 55 on oil .
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Not applicable
sasol is hedged at $90 to the barrel (for 18% of production volumes) and surely lower oil means lower input costs for the remaining 40% of their business? This must make for one of the best long term plays on the JSE at the moment
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SimonPB
Valued Contributor
skaaptjop, I thought they had hedged 30% (spose one could go check the sens). An yes they also have oil as an input.
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Not applicable
You are right Simon - 30% hedge at $90/barrel. 18% in my notes was the SOL revenue I calculated that should come from this hedge
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Not applicable
Wasn't I right with this comment some weeks ago?
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