Vertex Energy falls after lowering forecast for Q2 capture rate

Vertex Energy

25/07/2023 17:22

** Shares of refiner Vertex Energy  VTNR.O  fall 20.6% to
$5.22 
    ** Co sees Q2 capture rate of 30%-35%, below previously
forecasted range of 50%-54%
    ** Says capture rate is negatively impacted by significant
price volatility in fuels and refined product markets
    ** During the quarter, the co experienced unexpected erosion
in market prices for products, particularly Jet A fuel and
vacuum gas oil - VTNR
    ** Including sessions move, stock has fallen 15.9% YTD

 (Reporting by Arshreet Singh and Tanay Dhumal)
 ((Twitter: https://twitter.com/Arshreets))