/biz/ - Business & Finance

Not yet but planning to buy a few handfuls of shares on Monday. Looks like good potential

>>19430303
bought on Friday on 5.15. Looks solid. Analysts has the consensus price set at $22. Easy 4x, way better than MRO which has been continually downgraded by equity firms. MRO has a consensus price set at $11. Also, this should be a good week. There is a Diesel drought in South Africa and SSL opens their refineries next week to supply this shortage. And since it’s South African company, it’s not tied to the shit going on in the U.S

>>19430403
Yeah but 4x in how long, though?

>>19430303
bought two weeks ago. Did I get in before institutional money??? oh fucking bless man

>>19430413
Like any other oil play, give it a year or two. Demand is definitely picking up. I can imagine in Winter when things really ramp up for heating demands

>>19430413
>>19430428
This. Oil should be a hold. Not day trade.

>>19430445
>>19430428
I don't want to day trade at all but I want to make sure my longs are solid. If SSL looks good in the long term then GUSH does too, right?

>>19430462
Well Gush had stock reverse splits, so the price is not accurately reflected. It will recover, GUSH but it's not going to the price that you think it is. Also, GUSH is a leveraged ETF. If you look at the name when you search it, it says "Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X". Leveraged ETF's are not optimal for long term hold because of decay functions.

>>19430555
So even if demand starts to creep back up, GUSH could be a loser? I don't expect it to moon or anything but an oil and gas ETF sounds like a halfway decent call

>Who here holding SSL?

For those who are new, Sasol is undervalued. The decline in stock value prior to the Coronavirus was due to the LCCP project went over budget in Q4 of 2019, they had a fire at the ethoxylates unit in Jan., then unexpected the price of oil dropped to less than $35 a barrel, and Sasol wasn't hedged. The drop in oil, the LCCP project cost overrun, and fire in Jan. all happened just a couple months prior to the Coronivirus where oil prices took a nose dive. They had to restrict production in South Africa due to the excess of fuel caused by the Coronavirus. All this said, Sasol is still generating profits. They took actions several years prior seeking to diversify away from fossil fuels and into the chemicals market. Their future is an intergrated chemicals industry. The LCCP project is 99% finished. The last unit is starting up in June. June or early July is when you should expect to see this stock jump. Currently we will see days like these where the price drops. However, it will not be long before the market notices that Sasol is severely undervalued. In the next couple years, this stock will return to $22+ a share.


Sasol's business plan is below for managing their debt during this crisis.
https://www.sasol.com/sites/default/files/content/files/March%202020%20Market%20update%20presentation.pdf

>>19430597
Based post

>>19430303
That upwards trend, I unironically been looking some energy company to dump my balls in.
Let me do some digging around and I might cum deep in this mother anon come Monday

>>19430597
Awesome. Was already gonna buy in but probably gonna dump a bit more in now.

>>19430727
you're catching the uptrend now, remember, this is a hold. Don't be staring at charts all day. Check weekly.

>>19430913
Oh for sure. I don't expect anything having to do with the energy sector to rebound for at least a few months. That said, I bet you could turn a short-term profit on SSL specifically

bump for interest

SSL is under the radar. Everyone on here is about MRO but I'm not personally bullish on it. Good financials, but larger cap oil just dominate it anyway

>>19431642
MRO is kinda lame but it still has a chance at coming back to ~$10 as people get back out and do stuff over the summer

>>19431377
I'm bullish on SSL and dumped MRO a couple days ago

>>19431651
why go for a 2x when you can potentially get 4x?

>>19431675
>>19431653
It's true. I'll probably pull what little cash I have in MRO out and put it in with my big SSL buy on Monday

I don't like the looks of it

nothing but bearish news for MRO at the moment, SSL is getting some upswing

>>19431703

you people deserve to lose your money if you fall for these south african shills

buy long-dated slightly out of the money calls on mro and xle and hold them because the AMERICAN energy sector is only going up

>>19431743
Honestly I think you'd be real dumb not to try SSL this week. Institutional money wouldn't throw millions at it if they thought it would fail

>>19431743
You have to go back. It has been posted on /song/ since 1.80. People always posted FUD about it, but here we are at 5.21. It just never got the meme status like MRO did

>>19432024
Sorry /smg/*

>>19430303
Where can I see into what is institutional money buying?

>>19430403
>>19430445

lmao to all the niggas in this thread, THIS is what paid shilling actually looks like. avoid this shit like the plague

>>19430303
15M is legitimately nothing. Almost any purchase in Q1 is down significantly. These insitutions are more likely hedging options contracts with shares. You can’t look at inflows and determine what insitutional outlook is.

>>19433284

All SSL talk on this board sounds like one dude who bought it and is trying to pump it up monday to drop his bags

What do you bros think about Jan 2022 calls for energy stonks? I bought five HAL Jan 2022 15 calls two weeks ago before the 18%+ pump last monday. The 2022 LEAPS seem like pure money to me, thoughts?