Time to buy?

[phd]

Perhaps it's time to buy, now that the issue of 112 million shares to Timtex, with associated dilution, is done and dusted?? 75 bar in the bank to fund operations will also hopefully see some progress towards production in Nigeria.

[#2]

What you reckon is a good price?

[#3]

we haven't had a good SCL debate for at least a week now. So lets hear it for the snakeoil fans - who is in>

[BoburUncle]

Which other companies are out there that are exposed to oil besides SOL ans SCL? Oil price may be hovering at this price for now, but as the demand outstrips the supply, and the wells start drying up, then the price will shoot skywards.

[BoburUncle]

But then again, if there is more global down turn uphead, then the oil price will drop making SOL and SCL less attractive.

[#6]

A good - another peak oil debate, we really haven't had one of those for a long time. And then there are those who are confused to think that SOL's fate is linked to the oil price

[BoburUncle]

Isnt it? Thought SOL was in the oil from coal business?

[WES]

Sasol is in the oil from coal technology business

[#9]

exactly, and it is in the plastics business. So as oil goes up, its input costs go up. As coal goes up (which it does), then it again has input costs going up. So SOL is in a catch 22. It needs coal to go down, oil to go up - but also needs a cheap supply of oil to feed its plastics business. And it has really complex hedging structures

[phd]

Actually, the plastics and fertilisers are by-products of the F-T synthesis. Sasol's profit line is tied to the pump price of petrol and diesel rather than the oil price. In other words, it relies on the whims of the government regulators.