Sasol (SSL)

Add a New Bears Reason Company: Sasol (SSL) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 0 votes   Sasol found guilty of participating in cartel to fix paraffin prices Top Contributor: Peter Maa | Created when NYSE:SSL was $23.26 | Edit | History Sasol, Limited was fined over EUR300 by the European Commission for involvement with eight other chemical companies in fixing prices for paraffin and carving up paraffin markets (100 character max) Cancel 0% agree 0 votes   Sasol may be subject to South African windfall taxes Created when NYSE:SSL was $36.86 | Edit | History Sasol may be subject to South African windfall taxes that could significantly affect earnings. At present, Sasol is appealing a recently recommended tax scheme that would have severely limited earnings. UPDATE: Trevor Manuel has announced that the government will not impose a windfall tax on the synthetic fuels industry. The National Treasury in a statement said that it had been decided "not to proceed with a tax on the windfall profits earned by existing synthetic fuel producers in the interest of a conducive environment for additional investments in domestic fuel security”. http://www.globalinsight.com/SDA/SDADetail10195.htm (100 character max) Cancel 0% agree 0 votes   Dependant on oil prices Created when NYSE:SSL was $48.81 | Edit | History Sasol’s earnings are heavily dependent on oil prices. While this is true of any energy firm, Sasol is especially sensitive to price fluctuations because it costs them more to produce a barrel of oil than a traditional company. (100 character max) Cancel

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