Ampol Limited (ALD)
BUY

ALD - Stock Update

 1 Mar 2022
Sector: Energy

There are multiple positive near-term catalysts upcoming for ALD. These being:

  1. NZ’s competition regulator being due to give their decision on Z Energy transaction on March 16th, 2022.
  2. Possibility for a Gull trade sale announcement before the ComCom Decision on March 16th, 2022.
  3. Scheme vote on March 25th. OIO sign-off by mid-April and then ALD should be looking good for potential deal completion by middle of June.
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Company overview

Ampol is an Australian petroleum provider which operates in ~1900 sites across Australia.

ALD continues to benefit from post pandemic re-opening which supports our BUY rating. Domestic and international aviation returning as well as multiple upcoming near-term catalysts provide a significant benefit for ALD.

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