Markets

Investors appear to be more patient than investment bankers when it comes to the prospects for dealmaking by Caltex Australia, while acknowledging that the fuel supplier is undervalued in the …
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A shrinkage in margins on selling petrol and diesel and a slump in refinery earnings have hit Caltex Australia in the March quarter, with benchmark earnings dropping 43 per cent.

In …
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Oil refiner Viva Energy has issued its third profit warning in the space of five months, advising of a hit to its retail earnings of up to $35 million in …
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 Tesla posted a $US702.1 million ($1 billion) net loss in the first quarter as sales of its electric cars slumped and demand appeared to be waning.

The company lost $US4.10 per …
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The Caltex Australia Ltd  (ASX: CTX) share price has climbed 2.24% higher this morning after the company provided an update on its Caltex Refiner Margin (CRM).

What did Caltex report to the market? …
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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 …
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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 …
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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 …
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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”.

…
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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 …
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