0003 GMT - A buying opportunity has arisen in Viva Energy stock, which is down 13% since a fire damaged its Geelong refinery, suggests Macquarie. "While the Geelong fire was unfortunate, Viva Energy's response and recovery from the incident have looked impressive," it says. Viva Energy's diesel and jet production is currently at 80% of capacity, with gasoline at 60%, following the fire. But the company expects output to increase to more than 90% of capacity within weeks, once the Residue Catalytic Cracking Unit restarts. While repairs happen, Viva Energy continues to benefit from strong refining margins resulting from the Middle East conflict. "We view as a buying opportunity, amidst margin strength," Macquarie says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 20, 2026 20:03 ET (00:03 GMT)

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