Companies / CRH
NYSECRH plc (CRH) in our theses
CRH plc appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The Venezuela oil deal moves asphalt before it moves gasoline, and the windfall lands with America's road builders
Venezuela's asphalt-grade barrels returning to US refiners loosen a structurally short binder market, cutting the biggest input cost in road paving.
Why this company: The largest asphalt producer in North America. Its Americas Materials business buys binder in enormous volume and sells mix and paving services, so it captures the spread on both the input and the output side.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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