Sasol Stock News

Sasol Limited (NYSE:SSL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $15.59, but opened at $15.94. Sasol shares last traded at $15.76, with a volume of 11,171 shares. Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Sasol from […]

South African integrated energy and chemical company Sasol Ltd. expects to lose up to 5 billion South African rand ($332 million) in earnings this year due to production cuts at its Secunda, South Africa-based plant amid coal supply shortage.

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Coal supply shortages affecting Sasol''s Secunda plant are expected to have a significant impact of group earnings.

Sasol Limited (NYSE:SSL)s share price dropped 5.7% on Tuesday . The stock traded as low as $15.90 and last traded at $16.12. Approximately 20,891 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 599,343 shares. The stock had previously closed at $17.09. Several research analysts have recently commented []

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Sasol, a major producer of synthetic fuels in South Africa, has pared back production at its Secunda Operations as a result of lost coal production

Issues with coal availability and quality have prompted Sasol to trim its production guidance for Secunda by about 8%

MINERAL Resources and Energy Minister Gwede Mantashe yesterday defended South Africas right to capitalise on opportunities in its natural resources, including oil and gas amid the push back against Shells seismic survey in the Wild Coast. Mantashe who recently returned from a four-nation visit to the Sest African region led by President Cyril Ramaphosa told the media in Pretoria yesterday that oil and gas resources proved to be game-changers elsewhere. We consider the objections to these developments as apartheid and colonialism of a special type, masqueraded as a great interest for environmental protection. South Africas economic development is oppressed in the name of environmental protection when we have environmental framework that ensures that licensing is done with the utmost environmental care founded on Section 24 of our Constitution, he said. The Makhanda High Court on Friday dismissed an urgent interdict to halt Shells seismic survey on the Wild Coast brought by Natural Justice, Greenpeace Africa, Border Deep Sea Angling Association and Kei Mouth Ski Boat Club.

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Zacks Investment Research downgraded shares of Sasol (NYSE:SSL) from a buy rating to a hold rating in a report issued on Saturday, Zacks.com reports. According to Zacks, Sasol Limited is engaged in the mining and processing of coal. It also produces chemicals, explores for and refines crude oil, and manufactures fertilizers and explosives. In addition, []

JPMorgan Chase & Co. upgraded shares of Sasol (NYSE:SSL) from a neutral rating to an overweight rating in a report published on Thursday, The Fly reports. Separately, Zacks Investment Research cut Sasol from a hold rating to a strong sell rating in a research report on Tuesday, October 5th. Shares of NYSE SSL opened at []

Sasol was upgraded by stock analysts at JPMorgan Chase & Co. from a neutral rating to an overweight rating in a report issued on Thursday, The Fly reports. Separately