Buy energy stocks like Sasol (SSL), Core Lab (CLB) and Nine Energy (NINE) for steady returns in a volatile macroeconomic environment.
Sasol Limited (NYSE:SSL ) Q3 2024 Earnings Conference Call August 20, 2024 3:00 AM ET Company Participants Tiffany Sydow - VP, IR Simon Baloyi - EVP, Energy Operations & Technology Hanre Rossouw - CFO Christian Herrmann - EVP, Marketing and Sales, Energy & Chemicals Southern Africa Victor Bester - EVP, Operations and Projects Antje Gerber - EVP, International Chemicals Hermann Wenhold - EVP, Mining, SHE and Risk and Procurement Vuyo Kahla - EVP, Commercial and Legal Conference Call Participants Adrian Hammond - SBG Securities Chris Nicholson - RMB Morgan Stanley Sashank Lanka - Bank of America Tiffany Sydow Good morning, and welcome to Sasol Limited's presentation of the financial results for the financial year 2024. Thank you for dialing in and listening to our announcement today.
Sasol Limited's (SSL) gas production in Mozambique increased by 6% in fiscal 2024, surpassing market expectations.
Sasol Limited's (SSL) focus on free cash flow generation, decarbonization, and operational enhancements positions it well for long-term growth.
Sasol, a diversified company in mining, energy, and chemicals, is at a potential inflection point due to chemical sector recovery and political changes in South Africa. Operational cost optimizations and the absence of further shareholder value-eroding expansive plans are likely to lead to a significant increase in free cash flow generation. The increased free cash flow can be used to fund both greater shareholder returns and green energy investments.
Investors with an interest in Oil and Gas - Integrated - International stocks have likely encountered both Sasol (SSL) and Fuchs Petrolub SE Unsponsored ADR (FUPBY). But which of these two stocks offers value investors a better bang for their buck right now?
Sasol (SSL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The heavy selling pressure might have exhausted for Sasol (SSL) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Investors interested in Oil and Gas - Integrated - International stocks are likely familiar with Sasol (SSL) and Fuchs Petrolub SE Unsponsored ADR (FUPBY). But which of these two companies is the best option for those looking for undervalued stocks?