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Started By
Message
Sasol (SSL)
Posted on 4/7/20 at 7:31 am
Posted on 4/7/20 at 7:31 am
A lot of people on a national stock trading group I’m in are talking about it. I know there financial stuff is not great and they may have a class action lawsuit. What are yalls feelings?
8
Posted on 4/7/20 at 7:54 am to Early Riser
I bought a few hundred shares when it was in the low $2 range a couple weeks ago. My thoughts are the South African government won't allow them to fail, but who knows. We'll see where it goes from here...
Posted on 4/7/20 at 8:34 am to Early Riser
They invested mega $$ into SWLA. I think it’s worth the risk at the price. I wouldn’t gamble big, but I’d definitely buy a few hundred shares.
Posted on 4/7/20 at 8:36 am to TopWaterTiger
Their Lake Charles plant is expanding bigly.
Posted on 4/7/20 at 8:55 am to CajunTiger78
Ha, wish I would’ve posted this one day earlier
Posted on 4/7/20 at 9:03 am to Early Riser
Damn, went up over 50% yesterday.
Posted on 4/7/20 at 9:05 am to Early Riser
Bought 175 shares this morning and I’m in the black.
Posted on 4/7/20 at 9:07 am to Early Riser
Bought in last week at $1.84. Pissed I could only throw $600 at it.
Posted on 4/7/20 at 9:39 am to Drunken Crawfish
Bought at 1.98. Lets ride!
Posted on 4/7/20 at 9:54 am to Early Riser
Bout at $2.20 last week and just dumped all but 100 shares when it hit 4.10 this morning. For some reason this one scared the shite out of me
Posted on 4/7/20 at 11:38 am to Sput
Have right at 1000 shares with $1.72 avg.
I’m rooting for this one.
I’m rooting for this one.
Posted on 4/7/20 at 12:28 pm to Kvothe
what platform are you guys using to buy?
Posted on 4/7/20 at 1:16 pm to basiletiger
I use etrade..
Posted on 4/7/20 at 2:00 pm to MaxDraft
quote:
My thoughts are the South African government won't allow them to fail
OK. But are you buying the bonds or common stock?
Posted on 4/7/20 at 9:28 pm to Early Riser
I picked up 500 shares last week for just under $2.
Posted on 4/7/20 at 10:23 pm to p0845330
Year from now eval is $17
If it gets to 12 I'm dumping.
Bought in at 1.30 and 2.34
Sasol needs to raise 1 billion before June 30th for debt calls. After that they are good until 2021 end.
They are looking at a partnership of the ethylene and polyethylene in the new mega project at lake Charles.
They might looks to sell it also.
If all fails look for a share dilution for a cash raise.
They said all this with the need for oil to stay at a minimum of $25/bbl.
If it gets to 12 I'm dumping.
Bought in at 1.30 and 2.34
Sasol needs to raise 1 billion before June 30th for debt calls. After that they are good until 2021 end.
They are looking at a partnership of the ethylene and polyethylene in the new mega project at lake Charles.
They might looks to sell it also.
If all fails look for a share dilution for a cash raise.
They said all this with the need for oil to stay at a minimum of $25/bbl.
Posted on 4/7/20 at 11:20 pm to thejudge
Something is leaking out. Stock is up a 1.50$ today with oil and the Dow in the red. Not to mention, 17 million shares were traded today versus an average daily volume of 3 million.
Posted on 4/7/20 at 11:40 pm to lsuguru
quote:
Something is leaking out. Stock is up a 1.50$ today with oil and the Dow in the red. Not to mention, 17 million shares were traded today versus an average daily volume of 3 million.
You thinking stay away tomorrow?
Posted on 4/8/20 at 12:26 am to BigOrangeBri
Not sure. Just find it interesting how much it went up yesterday when it should have been down. Maybe big news leaking out, dunno
Posted on 4/8/20 at 2:06 am to lsuguru
...
This post was edited on 4/8/20 at 2:07 am
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