Markets

Fuels supplier Caltex has advised of a “challenging” first quarter with weak refining margins, a shutdown at its oil refinery and a dip in convenience retailing returns.

Caltex’s margin on …
Read More

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And in our experience, buying the right stocks …
Read More

Viva Energy’s annual net profit missed its prospectus forecasts by nearly 10 per cent as weaker-than-expected Asian refining margins hit returns at its Geelong plant.

Underlying profit after tax was …
Read More

Caltex Australia has batted away criticism from analysts and shareholders that its strategy to take back control of its franchised stores and boost retail and convenience earnings is “going backwards”.

…
Read More

Caltex will launch a $260 million buyback after beating guidance with a $558 million full-year profit.

The fuel giant’s profit for the 12 months to December 31 came in above …
Read More

Viva Energy REIT has extended the run of real estate investment trust raisings this year as it looks to expand its $2.5 billion empire of petrol stations and convenience stores.

…
Read More

Caltex Australia Limited (ASX: CTX) is the largest Australian fuel retailer with a 25% market share. The industry is dominated by the Big 4 fuel retailers (in declining order of size):

…
Read More

The Viva Energy Group Ltd (ASX: VEA) share price has been one of the best performers on the local market on Wednesday.

At the time of writing the fuel retailer’s shares are up …
Read More

Caltex is tipped to launch a $500 million-plus buyback when it releases its half-yearly result to reduce excess franking credits and to offset weaker earnings.

In a note yesterday, …
Read More

Recently listed fuels supplier Viva Energy has again downgraded its profit guidance for 2018, citing weakness in Asian refining margins, as warned that profit from refining this first half of …
Read More