Is Sasol the 1 Petrochemical Stock to Own?
Sasol (NYSE: SSL) has been hurt by cost overruns and other problems at its massive Lake Charles, Louisiana chemical project, resulting in a management shakeup last year. But when it resumes operations, the project may be part of an improving story for the company.
It's time for a look into the project's problems -- and whether it's a safe time for investors to buy.
Sasol has been building large chemicals facilities since the company launched operations in 1950, and has grown to include mining, oil, and gas operations in 32 countries.
Source Fool.com
