Sasol Provides Quarterly Update; FVE Unchanged
Sasol reported production and sales metrics for the nine months ended March 31, 2017, highlighted by decreases in production and refined products. Liquids production declined almost 15% to 1.3 million barrels for the period. Declines were offset by a modest increase in natural gas production. Refined products decreased slightly to 24.5 million barrels compared with 25.4 million barrels in the year-ago period. At this time, our $22 (ZAR 290) 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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