Setback for Viva Energy Shows Fragility of Refineries -- Market Talk

Dow Jones

Jan 14, 2025

2150 GMT - The power outage that forced Viva Energy's Geelong refinery temporarily offline serves as a reminder of the fragility of refineries and the operating deleverage when such incidents occur, Jefferies says. In a note, analyst Michael Simotas says the plant's restart should be relatively straightforward and the impact on Ebitda will likely be modest. Still, it will compound planned 2H maintenance, making 2025 a weak year for refining, Jefferies says. "Refining is becoming a smaller contributor and we remain positive on Viva Energy given the resilience of Commercial and upside from Retail," the bank says. It retains a A$3.50/share price target on Viva Energy, which ended Monday at A$2.67. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 13, 2025 16:50 ET (21:50 GMT)

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In a note, analyst Michael Simotas says the plant's restart should be relatively straightforward and the impact on Ebitda will likely be modest. Still, it will compound planned 2H maintenance, making 2025 a weak year for refining, Jefferies says. \"Refining is becoming a smaller contributor and we remain positive on Viva Energy given the resilience of Commercial and upside from Retail,\" the bank says. It retains a A$3.50/share price target on Viva Energy, which ended Monday at A$2.67. 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In a note, analyst Michael Simotas says the plant's restart should be relatively straightforward and the impact on Ebitda will likely be modest. Still, it will compound planned 2H maintenance, making 2025 a weak year for refining, Jefferies says. \"Refining is becoming a smaller contributor and we remain positive on Viva Energy given the resilience of Commercial and upside from Retail,\" the bank says. It retains a A$3.50/share price target on Viva Energy, which ended Monday at A$2.67. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 16:50 ET (21:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7065","symbol_name":"石油与天然气的炼制和营销","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503556768","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503556768","pubTimestamp":1736805000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2150 GMT - The power outage that forced Viva Energy's Geelong refinery temporarily offline serves as a reminder of the fragility of refineries and the operating deleverage when such incidents occur, Jefferies says. In a note, analyst Michael Simotas says the plant's restart should be relatively straightforward and the impact on Ebitda will likely be modest. Still, it will compound planned 2H maintenance, making 2025 a weak year for refining, Jefferies says. \"Refining is becoming a smaller contributor and we remain positive on Viva Energy given the resilience of Commercial and upside from Retail,\" the bank says. It retains a A$3.50/share price target on Viva Energy, which ended Monday at A$2.67. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7065":"石油与天然气的炼制和营销","VEA.AU":"VIVA ENERGY GROUP LTD"},"translate_title":"Viva Energy的挫折显示了炼油厂的脆弱性——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEA.AU":0.9},"content_text":"2150 GMT - The power outage that forced Viva Energy's Geelong refinery temporarily offline serves as a reminder of the fragility of refineries and the operating deleverage when such incidents occur, Jefferies says. In a note, analyst Michael Simotas says the plant's restart should be relatively straightforward and the impact on Ebitda will likely be modest. Still, it will compound planned 2H maintenance, making 2025 a weak year for refining, Jefferies says. \"Refining is becoming a smaller contributor and we remain positive on Viva Energy given the resilience of Commercial and upside from Retail,\" the bank says. It retains a A$3.50/share price target on Viva Energy, which ended Monday at A$2.67. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 13, 2025 16:50 ET (21:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}