by Gerhard Engelbrecht | Oct 29, 2020 | Chemicals
Earnings downgrades: We have reviewed our earnings estimates for Sasol to reflect the most recent product prices, the recently published first quarter production numbers and updated guidance as well as the impact of the disposal of 50% of the Base Chemicals...
by Gerhard Engelbrecht | Oct 16, 2020 | Chemicals
Sasol’s spot earnings were slightly lower this week as refining margins weakened, and ethane prices increased. FY21 spot earnings are at R6.72/share for FY21. Diesel crack spreads remain weak and petrol cracks have declined by $2/bbl (>50%).Asian...
by Gerhard Engelbrecht | Oct 2, 2020 | Chemicals
Sasol’s spot earnings were flat this week as slightly higher oil prices and refining margins were offset by a stronger rand. FY21 spot earnings are at R6.56/share for FY21. Refining margins remain particularly weak and diesel cracks are still...
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...
