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re: Sasol (SSL)

Posted on 8/18/20 at 10:21 pm to
Posted by supadave3
Houston, TX
Member since Dec 2005
30333 posts
Posted on 8/18/20 at 10:21 pm to
quote:

Guy from the plant said he expects an announcement tomorrow.

Stock may pop.


I hope because it’s been sputtering lately but I’ve buying more every few weeks. Still don’t have what anyone would consider a large amount but it’s the largest holder in my portfolio.

A pop would be great!
Posted by thejudge
Westlake, LA
Member since Sep 2009
14114 posts
Posted on 8/19/20 at 5:52 am to
It hit $10 a while back.

The biggest albatross in their portfolio is LCCP here. If they can fix much of their balance sheet with this deal then I think it can do well. It was a $34-$38 stock before this.

My understanding is they just partnered in the ethylene. The higher priced chemicals there they kept 100% ownership of
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