Ampol Limited (ALD)
BUY

ALD - Stock Update

 29 Mar 2022
Sector: Energy

Event Spotlight: ALD – 29th Mar 2022

ZEL shareholders approved the Scheme of Arrangement with ALD yesterday. Last step to finalise the deal is the sign-off from OIO (NZ’s FIRB equivalent).

The offshore peer Alimentation Couche-Tard has also seen double digit share price growth since reporting earlier this month, reaching a new ATH.

Operationally ALD has performed effectively over the past 12 months and refining margins have remained strong. These factors as well as the upcoming catalysts further support our investment thesis.

ALD

Source: Bloomberg

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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