I have an urge to buy Sasol, which means that it's going to tank soon :) -- but probably only when I buy. If this shares ever retraces back to the R250 levels, I'm buying! I don't have the balls to buy a PUT warrant on this one, but I do think that it may actually pay off.. IMHO
I am pretty new at the investing game and welcome some further thoughts.But everything I have read says that oil will fall to about $35 in the first qtr. See Bloombergs website and Goldman Sachs report dated 9 Jan. Surely even with hedging Sasol will come under pressure.
you would think that would be how it works but alas there are so many factors... OPEC aint happy selling the oil at $35 a barrell so they can just keep cutting supply to boost the price. If things continue to escalate in the mid east oil could soar. A few major hurricanes in Texas complements of global warming and oil will spike. Less new fuel efficient cars being sold means more old gas guzzlers on the road for longer (hehe just came up with that one:)
Hey Thundercat, looks like nobody answered your question, so OMO means "Only My Opinion" and IMHO means In My Honest Opinion etc etc. It is actually all irrelevant to use any of these, cos Standard Bank makes it quite clear in their terms and conditions that all the opinions here are just that and aren't the view of the bank etc etc (in other words, nobody must base any decisions on what they read on the site) But despite that I (and I'm sure many others) still have a great amount of respect for the opinions and views of some of the forumites.
The so-called economists/forecasters on oil and other commodities are either utterly stupid or utterly confused! One day they claim the signs indicate an increase over the next few days/weeks and just a day or two later they have to make a 180degree u-turn. For the time being it seems to me like down on oil, gold and plats is a greater possibility than up??? Don't have the guts to short them though (especially SOL).