NESTE Corporation: Falling Knife! Put on The Steel Gloves!Neste Corp. is a Finnish company founded in 1948, headquartered in Espoo, that specializes in petroleum products and renewable diesel. It operates in four main segments:
Renewable Products: Produces and sells renewable diesel, jet fuel, solvents, and bioplastics raw materials.
Oil Products: Supplies a range of fuel products, including diesel, gasoline, aviation and marine fuels, oils, and solvents.
Marketing & Services: Sells petroleum products and services to end-users, including motorists, industries, transport companies, and heating oil customers.
Others: Includes Neste Jacobs (engineering and technology services), Nynas (joint venture), and corporate expenses.
Neste focuses on expanding renewable energy solutions alongside traditional oil products.
Fundamentally, the current price doesn’t present an ideal buying opportunity, as indicated by recent analysis. The chart, technically speaking, also suggests that key areas of interest lie slightly below the current price levels.
The steel gloves should be on because the downforce has been quite strong but still, I would like to try to catch it using my skills ;) Lezz see!
Good luck,
Vaido
