We in SA know that SOL is a lot more than oil.It declares its interim in Mar. for year ending in Dec,thus production that happens now is not included in the result.The only thing that can influence is the Rand/Dolar exchangefor overseas traders.We have every reason to believe that this is going to be a very good payout.On the negative side overseas investors rate it on oil,however although it has been a warm winter in the US,the probability exists of a cold spell before winter is over.The Saudis have just started cutting their supply and Opec says that there will be further cuts if it falls below their benchmark low.(Believed to be $50 per barrel.)
Sure Barry, SOL will most certanly turn around and go back to previous hights, but when ? The problem is SOLSBG, the weekly time decay is 6,2% and that is the reason I am sitting on the sideline for now.
I've found it:go to Company Profiles/Sasol/Company news/then one page back/to Wed 28 June 2006.They put a zero collar hedge at $63 low they would be payed and they would not recieve revenue above $83 for 30% of their production.Very farsighted indeed!