299 replies to this topic

[soutie]

Haven't read the longer version cos me thinks the short form version is more than good enough....& yeah NO rights issue.....

[nosh]

NO RIGHTS ISSUE!!!!!!

[JR7800]

Oil prices extend gains as Texas cold snap cuts U.S. output - Just passed $65 per barrel

 

Obviously things are currently going in favor of oils (cold in US and Middel East tension yet again).

 

Sasol should be printing money at this stage and hopefully enough to avoid rights issue.

 

Lets hope this one can continue a slow grind up.

 

 

[nosh]

Very true...Not wanting to sound glass half empty....The Fracking Shale guys come on stream in the early $70's

My 2c

I see oil in the $53-$65 range for the whole year...

No rights issue announcement in results commentary (but not off the table)

Re-instatement of dividends in time for a final divi financial yr end 2022.

Some guy caught speeding on Chapmans Peak Drive on a exotic imported motorcycle...

True the risk is the shale guys , but from what I have been reading , the market wont be flooded by them anytime soon.

https://www.reuters....9a0b100015ca92f
 

"U.S. shale production will not quickly rebound, given the capital required and debt producers are carrying, lending oil prices support, said Rafi Tahmazian, senior portfolio manager at Calgary-based Canoe Financial LP.

North America’s oilfield services sector, which producers rely on to drill new wells, has been decimated, he said.

“They’re decapitated from being able to grow,” Tahmazian said. “The supply side is broken.”

 

[soutie]

Brent just went past $60 per barrel.

 

If it keeps going till it hits $70 per barrel Sasol will be printing money and they will go from a rights issue to reinstating their dividend policy.

 

I know its hopeful but how nice will that be for the shareholders????

 

Very true...Not wanting to sound glass half empty....The Fracking Shale guys come on stream in the early $70's

My 2c

I see oil in the $53-$65 range for the whole year...

No rights issue announcement in results commentary (but not off the table)

Re-instatement of dividends in time for a final divi financial yr end 2022.

Some guy caught speeding on Chapmans Peak Drive on a exotic imported motorcycle...

[new john]

It will be so nice that there’s a spot in my garage with place for a Ducati Monster 1200 with the plates TX SOL

[JR7800]

Brent just went past $60 per barrel.

 

If it keeps going till it hits $70 per barrel Sasol will be printing money and they will go from a rights issue to reinstating their dividend policy.

 

I know its hopeful but how nice will that be for the shareholders????

[new john]

Soutie. I believed at the time that it was a once in a lifetime buy. Made the decision a lil bit easier.

Question now is. No Rights issue, current price VERY cheap.

[soutie]

"Questionable Loans"......Brilliant....    

Cat with the cream today....Nicely done John....Took Kahuunaas at the time.

[new john]

Cost average of R77 here. I caught the knife whilst it was falling and made some (at the time) questionable “loans” to get in here. Needless to say, by far the top performer of my portfolio currently.

I can concur though, the mental anguish of “shoulda bought more” is real!!!!

[Investment novice]

We all in this somewhat with our pension funds. Great to see the recovery...nice share to hold for 20 yrs

[nosh]

If I remember correctly Sasol only hedged their oil output for 6mths back in April so they been collecting the full upside of this slow yet steady increase in the oil price.

Maybe some crypto profits now being realized & oil futures are the new buzz...??

Anybody else still in this...Nosh...????

Still in. Hoping to see R250ish soon. Waiting for results and possible smaller rights issue / no rights issue.  May take some profits in coming weeks (am heavily invested), will see.

[soutie]

Hi JR.

Dividends were so far off the radar in fact your post has reminded me that SOL was a very high yielding divi payer...

Could possibly resume next year me thinks. Then off to the races again. Fingers X'ed

"Buy when others are fearful" Never more true for me in this instance.

Have a profitable day further.

Cheers.

[JR7800]

Soutie,

 

Yes, still in it. I think we all wished we put in more at this stage, but who knew back then.

 

This is part of my long term portfolio and will will be holding till it is back at R400 and have paid me R50 in dividends per share.

[soutie]

If I remember correctly Sasol only hedged their oil output for 6mths back in April so they been collecting the full upside of this slow yet steady increase in the oil price.

Maybe some crypto profits now being realized & oil futures are the new buzz...??

Anybody else still in this...Nosh...????

[soutie]

Again words escape me.....

[soutie]

Text book short squeeze to bound over that R175 hurdle..... Big move today in price for absolutely no other reason....

 

R18 bucks away from my 1st ever 10bagger Bring it on.....

Edited by soutie, 03 February 2021 - 11:51 AM.

[Sleepwa123]

Amazing stuff. Up quite a lot here. Just wish I had put more in.

Market is liking the repayment of debt from sales.

[soutie]

Long term holding turned green this morning....After 2mths I was hoping for 2yrs....Again I have no words...

On a rip since market opened...R30 away from being a 10bagger in less than a year....Again I have no words.....But F@@@K 

[Investment novice]

Watch the share, potential storms and bad weather at lak charles may create a buy opportunity with a dip