Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, September 16, 2011

Article Excerpt

SASOL LTD. (ADR), $46.17, symbol SSL on New York, has developed a technology to convert coal and natural gas into motor fuels. The company is now the world’s largest producer of fuel from coal at its facility at Secunda, South Africa. Sasol also produces synthetic fuels from natural gas at plants in Qatar and Nigeria. In addition, the company has substantial chemical-production interests, and produces oil and gas in Africa. Sasol is also South Africa’s third-largest coal producer. In the fiscal year ended June 30, 2011, Sasol’s revenue rose 16.1%, to $19.5 billion from $16.8 billion a year earlier (all figures in U.S. dollars). Earnings per ADR rose 27.4%, to $4.65 from $3.65. Higher oil prices were the main reason for these gains. Earlier this year, Sasol paid $2.2 billion for a 50% interest in two major shale-gas properties held by Talisman Energy (symbol TLM on Toronto) in the Montney Basin region of western Alberta and northeastern B.C. Sasol will…