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Technology Stocks : SLH Corp. (SYNM) - From natural gas to crude oil -- Ignore unavailable to you. Want to Upgrade?

To: James J. Franklin who wrote (245)	11/23/1999 9:04:00 PM
From: Bread Upon The Water	Read Replies (1) \| Respond to of 281

James, I concede the foreign country risk aspect of investing in Sasol--that is a factor. The Rand exhange though is actually a plus because they can export refined products and get dollars for that and report earnings in Rand. I do not concede that SYMN's GTL technology is superior to SASOL's. Where do you derive that information from? Both companies use the Fisher-Tropez refining process--they just do something different with the molecules as they come off the process. Sasol's break even cost is when oil is at $18 a barrel or more. What is Synm's? If it is significantly better you may have an argument. If, however, Symn runs into difficulty in commercializing its product your stock is going into the tank. Conversely, with Sasol the stock will still be worth $7 a share because of Sasol's other businesses--which have survived all kinds of world trade sanctions over the past 25 years. It just seems more sensible to play both companies here. Regards, Bill