Sasol Limited (ADR) (SSL)

8Buckeye (< 20) Submitted: 12/01/06 5:58 PM : Start Price: $29.82 SSL Score: 17.52

SSL is a stock I have owned on and off since I found it at around $7. They are into GTL, CTL (coal to liquids) which seem to be very important technologies for the future of energy availability. They also are into chemicals, synfuel (from CTL and GTL tech) ,oil and NG exploration and production as they have diversified and become a worldwide company . The company is an expert at what they do (CTL,GTL) as they existed during the Apartheid period of SA and where the main way the goverment suplied fuels for the SA economy as the SA government was boycotted by many oil and NG producers. The company was formed earlier (~1950) than this though as it was noted in the early 1920's that the country had no crude oil reserves.

They have what seems to be very good management, an outstanding balance sheet, with the 6 yrs of positive FCF (out of the last 8 ), have paid out a div that they seem to be able to keep increasing ( it has tripled over the last 6yrs) and the know how and technology to grow.

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