Sasol’s Call Is ‘Key Catalyst’ for Stock Down 80% in Four Days
- JPMorgan analyst says fuels producer in ‘precarious’ position
- South African company due to hold conference call on March 17
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Sasol Ltd. is in a “precarious position,” with a stretched balance sheet that means it’s unlikely to be able to cope with sharply lower oil prices for long, JPMorgan Cazenove said, noting that a March 17 conference call looms as a key catalyst for the South African fuels and chemicals maker’s shares.