26 replies to this topic

[SnoopDD]

SOL in 2009 R252/Share

 

 

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[SnoopDD]

WTI is hitting 2009 levels

 

 

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[Spree]

Also eyeing Sasol at these levels. Missed the boat a few times previously (sometimes by just a few cents on the bid, trying to get the lowest bid!😢). However, I agree with you, It could easily drop below R350.

[CrescoRSA]

Share always seems to bounce from these levels...reckon that could happen this time round? The oil price has come off sharply as of late, and the ZAR seems to take political noise seriously for a week or so, then gets back to its strengthening path.

Looking to take a punt at these levels now, but for some reason, IMO, I think it could creep lower. Under R350?

Any input on the Oil Price in general? At this rate, it looks like there's a better chance of it reaching $40 than back up to $60

Edited by CrescoRSA, 20 June 2017 - 02:20 PM.

[Sugafoot]

I'd avoid for now. Ppl thought R400 was a great entry point. But it went below that.<br />I think the death of the Saudi crown prince affected the price positively. But the Saudi need domination and they don't mind having the price even lower - it's the only way to force out the small-timers. <br />If you do go for it, take a small punt.

[Midlands_lass]

Hi there

Any thoughts on SASOL as a recovery punt now with the 8% surge in oil price on Friday ?

Thanks

Ashley