SASOL WHERE TO FROM HERE

[SIMBA]

Over thev weekend the Yanks said oil should start to rise steeply until the year end.Opec said it should remain stable @ $60/ $70 and the Russians said it needed and will get a much higher price and they quoted $150 per barrel.As the worlds biggest energy producer should we follow them or the people who control the purse strings. I have already made my call and went back in @ $300 but i would appriciate any views.......

[Douw]

I have been riding the sideways moving Sasol with part of my SOL shares, keeping a fixed amount invested in case it takes off north. Yes, I think R300 is a good starting price if you keep some cash to replenish if it falls back to the 270's or lower. Nothing has really changed, the world is still oil hungry.

[richardw]

Long-term maybe, but there's a lot of oil stored right now, including a ton offshore on ships just sitting around. As the price rises, they'll start pushing that into the market. It could rise, but it's not a 1-way bet until there's solid improvement in the economy.

[#4]

Because SASOL sells their cheap 'coal petrol' at 'brent oil petrol' prices, they should infact make billions of profit...wonder where its all going to? probably flowing into their new bee scheme?

[#5]

Should coastal consumers pay pipeline costs on sasol, like inland consumers pay on all fuel including Sasol?

[jack12]

all the base product comes from sapref and natref,enraf in durbs and the chevron ref in CT and mosgass in durban sasol load base product from total ivt and put there own additive in. on the reef sasol produce the base and supply it to shell, engen etc the major difference is only the additive that is used.