The combination of solid fuel demand, the successful acquisition of Z Energy and higher refining margins in 1H22 helped lift ALD to fresh post-COVID highs in recent weeks, a rally that was particularly noticeable in a falling market. MM likes the refining sector with ALD our preference over Viva Energy (VEA) although they both look destined for fresh 2022 highs in the not too distant future.
scroll
Performance update for March, stocks that drove returns & our current positioning
Close
Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
MM is bullish ALD targeting the $39 area
Add To Hit List
Related Q&A
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.