What do we think about Caltex?

I initially purchased caltex in late 2018 at $27/share because:

- Market share in Australia. (BP is expensive, 7/11 is 'cheap' fuel. Caltex is 'just right', right in the middle)

- Aust. Government's fuel storage infrastructure requirement: Aust. does not have enough storage capacity. Is there a possibility for caltex to step onto the plate?

- Possibility for fuel profit margin incease. Considering fuel was ~1.20 at the time, and we know there's capacity for people to pay up to $1.60 for fuel.

Negatives:

- Poor asset integrity, but then again. Who does have outstanding asset management?

- Reliance on foodary / store sales. I know I don't buy anything in their stores. But I guess there's plenty who do?

- Not possible to dicate fuel profit.

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Recently they had a bid at $34.5/share by a Canadian company.

I sold at $33.5 and am happy with my first ever stock purchase.

Curious to know other people's thoughts.