Sasol Provides Quarterly Update; Fair Value Estimate Unchanged
Sasol has provided its quarterly metric update. The company saw decreases in crude oil and natural gas production. In the energy segment, refined products decreased slightly to 7.7 million barrels, compared with 8 million barrels in the year-ago period. Total base chemical sales increased 8% to 793 kilotonnes, while performance chemical sales remain relatively unchanged year over year. At this time, our $23 fair value estimate and no-moat rating are unchanged....
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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