Friday, April 3, 2009

BUY SASOL - Their shares have bottomed

Over the past 3 months, SASOL (South Africa's biggest fuel supplier and world leader in Coal to Liquid Synfuels) has bottomed |(see graph below).

The oil market is beginning to rebound, having gained 9% yesterday and now on song to reach mid-$50 range. April is also typically the month that oil prices skyrocket ahead of the US driving season.

This share is a good speculative buy (go in now and come out at the end of April) or medium term (stay in for 3-5 months). Long term is harder to say but probably energy resources ought to do very well.
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