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Henry sends a message

Oil & Gas Producers - 3 June 2020

Sasol is up around 35% in a month. Is this the beginning of a major recovery? Ingham Analytics has issued a Searchlight on Sasol called “Henry sends a message”, which may seem an odd title. That message is lower for longer on the price of natural gas – which is good for the Lake Charles Chemicals Project but not good enough to offset other pressing challenges for the beleaguered oil & chemicals Group. Ingham Analytics also have a preliminary estimate of just how much Sasol EPS will fall by – and they anticipate it may even be worse because of several variables. They also update their view on the investment merits and a trading tactic for the stock.

Searchlight: R30.00

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