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Message
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Posted on 6/4/20 at 9:02 am to GeauxtigersMs36
quote:
At 7.27 is it worth it?
I think so for a long term play. It really depends on the oil price outlook. Sasol is SA's Shell/Exxon where the majority of their revenue comes from producing oil from their coal mines. In the USA, it's their chemical portfolio. The main issues right now are cash flow and a distressed balance sheet thanks a large part to the massive overspend on the LKC MegaProject(which two of which haven't reached BO yet). They are trying to JV a couple of crackers and poly units to get some relief. I think their BE on oil is somewhere around $35/bbl but I'm just pulling that from memory.
Posted on 6/4/20 at 10:10 pm to GeauxtigersMs36
quote:
At 7.27 is it worth it?
Yes.
If it starts bumping 13 I'll look at unloading short-term.
I'll leave some for long at 20ish. Depends on oil and then end of June goes.
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