Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, September 12, 2014

Article Excerpt

SASOL LTD. (ADR), $56.09, symbol SSL on New York, has developed a technology to convert coal and natural gas into motor fuels. The company is the world’s largest producer of fuel from coal at its Secunda, South Africa, facility. It also makes synthetic fuels from natural gas at plants in Qatar and Nigeria. As well, Sasol produces chemicals, oil and gas in Africa. It’s also South Africa’s third-largest coal producer. In its 2014 fiscal year, which ended June 30, 2014, Sasol’s revenue rose 19.3%, to 202.7 billion South African rand (1 rand = $0.1039 U.S.) from 169.9 billion rand in fiscal 2013. Earnings per ADR rose 14.3%, to a record 60.16 rand from 52.62 rand. Oil prices were relatively flat, and chemical prices were higher. The U.S. dollar also rose against the rand, increasing the value of Sasol’s sales outside South Africa. The company is considering spending up to $21 billion U.S. to build a complex in Louisiana to turn natural gas into…