Why Is Viva Energy Rallying to Multi-Year Highs (ASX:VEA)?
Highlights Viva Energy has pushed to its strongest share price in years after a record interim result built on the Geelong refinery. Earnings swung from a statutory deficit to solid earnings, while net debt fell and the interim dividend rose sharply. An on-market insider share sale and oil price volatility are the counterweights to the rally. Viva Energy Group (ASX:VEA), the fuel refiner and retailer behind the Geelong refinery, a large commercial fuel business and the OTR convenience chain, ...
