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Oil at $25??????

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Wheres the oil price headed?? Im invested in Sasol...Any1 knows wheres it headed short term??
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3 REPLIES 3
Theater_Cat
Super Contributor
Be carefull - if it slices through R225 support, it could head for +- R133... Opec could also try to prop up the price (meeting mid Dec methinks) by cutting output further.
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Yip Im gonna stick to my stoploss..sasol is a volatile share,as that saying goes the more the risk the more the reward.made money on this 1 previously...I tink OPEC countries,can not afford the oil price being so low,for such prolonged periods,most OPEC nations are reliable on oil for there GDP..time will tell;)
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SkarlakenKoos
Frequent Contributor
I'm standing patiently and looking on... The all-you-can-eat buffet is being spread. Sasol is going to be very tasty soon. I don't think selling Sasol (short term) will be wise. For an oil-addicted world, Sasol is bound to perform. For all those that missed the last 4 year's of bull run, a second chance is looming. :-)
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