Hellenic Petroleum - A flexible refiner in a turbulent time
Hellenic Petroleum (ELPE) saw a weaker than anticipated Q419 due to the lowest system benchmark margins since Q313. In addition, the Elefsina...
635 Views
Hellenic Petroleum - Improved environment, new strategy drive growth
Following a weak H119 due to an unfavourable trading environment for refineries, Hellenic’s profits picked up in Q3. We continue to expect strong...
727 Views
Hellenic Petroleum - Support from Q3 refinery margin rise and IMO 2020
Following a 25% EBITDA decline year-on-year in H119, we expect a 55% recovery in refinery margins in Q3 to support a significant recovery in H2...
1.3k Views
EM Equity Strategy: Remain Overweight China
The MSCI EM index continues to develop positively from a price perspective and we expect higher prices ahead. China remains leadership --...
543 Views
Hellenic Petroleum - A look ahead at 2019 after strong Q3 beat
Hellenic Petroleum (ELPE) demonstrated exceptionally strong margin over-performance ($7.3/bbl) versus the benchmark in Q318, with group adjusted...
53 Views