Sasol Provides Production Update; Stock Still Looks Fairly Valued
No-moat Sasol provided an update on its fiscal 2019 production metrics that included relatively stable liquids production. For the nine months ended March 31, Sasol produced 1,119 thousand barrels of crude oil a day and condensate compared with 1,117 mboe/d in the year-ago period. However, declines continued with the company’s natural gas production, down 4% to 97.1 billion cubic feet compared with the period ended March 31, 2018. Sasol also reported continued refined products declines to 22.9 m...
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