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Anyone else buy Sasol when it dropped below 2.5?
Posted on 6/1/20 at 10:40 pm
Posted on 6/1/20 at 10:40 pm
Best move I’ve made in years. Up 130% in two months!
New higher margin units will reach BO next month too.
New higher margin units will reach BO next month too.
12
Posted on 6/1/20 at 11:30 pm to ODP
Me but I also bought back in around 4. Still doing well.
Posted on 6/1/20 at 11:38 pm to ODP
I’m in at a little over $4
Posted on 6/1/20 at 11:40 pm to ODP
yep
Posted on 6/1/20 at 11:51 pm to ODP
I’m up 156%. Only bought 575 shares though...will probably grab a little more. It’s my highest return for percentage out of the 9-10 that I picked up in this downturn.
Posted on 6/2/20 at 5:05 am to ODP
I didn’t, but coworker got a bunch when it bottomed out. I’ve been steady adding to position. If they can ever get that lake Charles project squared away, stock should continue to rebound.
Posted on 6/2/20 at 7:01 am to ODP
I paid $2.94 but didn't but as much as I should have 
Posted on 6/2/20 at 8:21 am to ODP
First time dabbling in the stock market. Bout 480 shares at 4.89, not the only share invested in. Feeling good about it so far
Posted on 6/2/20 at 8:34 am to ODP
I bought at $3.17. Wish it was more than 75 shares though.
Posted on 6/2/20 at 8:41 am to LSU
quote:
Anyone else buy Sasol when it dropped below 2.5
$2.31 and $1.67
Should have bought way more.
Posted on 6/2/20 at 9:34 am to ODP
Got in at $1.74. Didn’t buy enough.
Posted on 6/2/20 at 2:32 pm to BottomFeeder
$1.86 and wish I would have taken out a second mortgage on it 
Posted on 6/2/20 at 2:33 pm to Drunken Crawfish
2.10 and again at 3.80.
Not nearly enough. Might still buy more.
Not nearly enough. Might still buy more.
Posted on 6/3/20 at 7:39 am to ODP
I got in at $1.82 
Posted on 6/3/20 at 8:24 am to Capt ST
New LC units will be up very soon, also demand in SOuth Africa for diesel is sky rocketing as economy reopens. Sasol owns all the coal mines in SA that it uses so break even is pretty low.
Posted on 6/3/20 at 9:24 am to ODP
Also JV's or buyouts on some LCCP units could be announced soon. Also, If they would work out a deal to restructure there debt. It would skyrocket
Posted on 6/3/20 at 9:52 am to lsuguru
The JVs will involve the two crackers and two poly units. Should be interesting to see how that goes.
Posted on 6/3/20 at 10:13 pm to ODP
1.43
Posted on 6/4/20 at 5:21 am to thejudge
At 7.27 is it worth it?
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.
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