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Ampol is under Algo Engine buy conditions.
1H20 earnings are lower due to a reduction in sales of petrol and jet fuel.
Look for buying interest to rebuild within the $25 – $26.50 price range.
Ampol is current holding in our ASX 100 model portfolio.
Caltex has had a name change to Ampol and the new ticker is “ALD”.
The move comes after U.S. oil company Chevron terminated the licensing agreement allowing Caltex Australia to use the Caltex name. Ampol was originally founded as the Australian Motorists Petrol Company in 1936 in an effort to combat unfair petrol prices, later merging with the Australian arm of Caltex in 1995.
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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