by Gerhard Engelbrecht | Sep 28, 2020 | Chemicals
We assess the risks in the Sasol investment case with specific focus on gas reserves and gas prices Download
by Gerhard Engelbrecht | Sep 28, 2020 | Chemicals
Lake Charles shutdown: Sasol’s Lake Charles facilities has been shut since late August as a result of Hurricane Laura. The company guides that reliable electricity supply is only expected in early to mid-October. Start-up of the producing facilities...
by Gerhard Engelbrecht | Sep 24, 2020 | Chemicals
Spot earnings moved higher again this week as chemical prices rose, and the rand weakened. Refining margins remain particularly weak and diesel cracks remain negative. Spot earnings for FY21 are at R6.13/share. At spot prices the LCCP would lose...
by Gerhard Engelbrecht | Sep 21, 2020 | Chemicals
Gas running out: Sasol has not been able to add to its gas reserves in Mozambique and the remaining reserve life is seven years. Gas production should start declining in 2024 as pressure in the wells drop.The importance of gas: Gas is used as...
by Gerhard Engelbrecht | Sep 18, 2020 | Chemicals
Sasol’s spot earnings increased this week as oil prices recovered and petrol cracks in particular increases significantly. Diesel cracks remain negative, however. FY21 spot earnings are at R5.86/share while we expect a loss of R2.92/share at the LCCP at...
by Gerhard Engelbrecht | Sep 11, 2020 | Chemicals
Sasol’s spot earnings continue to decline and FY21 spot earnings is at R3.23/share. Oil prices declined by almost 8% this week and refining margins remain particularly weak. Diesel crack spreads turned negative this week while petrol cracks are at...
