Westlake Corp
WLK: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$? | LOCK|Dc | LOCK|ZTs#SXb |
New Morningstar Analyst Report for Westlake Chemical
Business Strategy and Outlook
We contend that years of record profits are over for U.S. olefin producers that make ethylene, a chemical building block for plastics. Westlake Chemical generates the overwhelming majority of its profits from U.S. olefin production and serves as a play on the oil/gas price ratio as well as the fractionation spread, the difference between gas and natural gas liquid prices.
