Petrofac Share Discussion Threads

[supermarky] 03/2/2015 15:11

3 Month chart break

[beefeater25] 03/2/2015 14:35

Interesting debate Daz/ Mallorca. I've also sold today as I feel the oil price spike over the last few days may catch a few people out as will the 2015 earnings.

The thing playing on my mind was in the footnotes section of the recent update when oil was approx $80 a barrel (correct me if i'm wrong on the $80 as I'm going from memory here..)

"The impact on IES net profit for 2015 is expected to be around US$45 million based on the current 2015 forward curve for oil price (approximately US$2 million for every US$1 increase or decrease in oil price)."

[daz] 03/2/2015 11:28

Why do you say overvalued Mallorca? The estimates are for earnings of 92p in 2015, granted these will come down by some degree as most were made late November but given the companies prominent position in their field, it makes them look cheap rather than overvalued.

I do accept their maybe a pullback following the current spike though.

[mallorca 9] 03/2/2015 10:55

Careful Super,

this is still way overvalued.
I've gone short.

[supermarky] 03/2/2015 10:48

Looking good. I am in. Stop loss set though lol

[dealy] 31/1/2015 09:33

should see 8 quid next week if oil price remains above 50. I have never seen such carnage in the UK mid cap sector. Looks like total capitulation by institutions who are so afraid to see red on their screen that they have dumped all of their small and mid caps. The latter are now incredibly cheap.

[edjge2] 30/1/2015 20:06

oil will fix or unfix

[robrah] 30/1/2015 08:12

Upgraded by jpm to overweight

[edjge2] 23/1/2015 21:13

took a few at 6%, might cushion any further fall. HTG,WG. maybe, just what might bounce the oil market, who knows.

[loganair] 23/1/2015 20:37

Petrofac:

Petrofac is up 12% in the past week after winning a $4bn contract with the Kuwaiti state oil company. But that only goes a small way to reverse years of share price falls, which have driven the yield up to 6%.

The oil services sector has been hammered by falling crude prices, but if you reckon the price drop has been overdone, Petrofac could look tempting.

[jeffcranbounre] 20/1/2015 18:05

Petrofac is featured in today's ADVFN podcast.

To listen to the podcast click here>

In today's podcast:

- Alan Green CEO of TradersOwn.co.uk will be chatting about European QE and a steady company that pays a dividend, who shares price has trebled in price over the last 5 years. Alan on Twitter is @TradersOwn

- And the micro and macro news including:

Afren #AFR
Sky #SKY
Capita #CPI
LondonMetric Property #LMP
Balfour Beatty #BBY
WS Atkins #ATK
Aggreko #AGK
Victoria Oil & Gas #VOG
Petrofac #PFC
NAHL #NAHL
Rio Tinto #RIO
IG Group #IGG
Unilever #ULVR
Aviva #AV.
Friends Life #FLG
William Hill #WMH
Stock Spirits Group #STCK
Centaur Media #CAU
TSB Banking #TSB
Synthomer #SYNT
Coca-Cola HBC #CCH
Sula Iron & Gold #SULA

 

Setting up an account on ADVFN is FREE!!! Just to register.

 

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:



(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

You can subscribe to this podcast in iTunes by clicking

To follow me on Twitter click

Setting up an account on ADVFN is FREE!!! Just to register.

But as a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:

Bronze - £50 (normally £73.82/year)
Silver - £145 (normally £173.71/year)
Level 2 - £350 (normally £472.94/year)

Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just for more information.

Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

 

 

[smartypants] 20/1/2015 15:18

Them Yanks dont mess about...take that..bam

[edjge2] 20/1/2015 12:51

OIl services sector up but oil down today.Suppose if divi holds nice yield here.

[piedro] 20/1/2015 08:58

Didn't Piedro post a link to that news sometime ago?

Right on - 12 January

- well done to those who kept faith and added

[togglebrush] 20/1/2015 08:40

Kuwait new contract boosts share price (see RNS also reported on CNBC)

[kaffee] 20/1/2015 08:39

I assume this little bit of excitement is due to the RNS today?

Didn't Piedro post a link to that news sometime ago?

[kaffee] 14/1/2015 18:29

"On the chart I think it could go as low as £4 but will it?"

Well obviously it 'could' but that's the 2008 low.... things as bad as that now ?

I just drew a trendline from 2005 and if you exclude 08/09 as 'outliers' (or once in a generation events) then price should be up at £14 or so currently !!

As for div sustainability... well it's always been well covered so there is plenty of fat to pay from....so for one year it might be maintained, but if oil stays this low for all of 2015, then 2016 will be a different story.

Oh, and a far few gaps to fill up there as well !

[speedsgh] 14/1/2015 09:58

Any views as to whether the dividend is sustainable? If it can at least be held, the yield is rather tempting at the current level. The CEO certainly has a personal interest in maintaining it.

[hybrasil] 14/1/2015 09:08

I,m looking and looking.

This has to turn but when.

On the chart I think it could go as low as £4 but will it?

At £5 I will start buying

[kaffee] 12/1/2015 16:16

Nice.

Had a tranche of these today at just over 6.10.

Now switching off from looking at the share price for a while... ok might peek through my fingers from time to time.

[piedro] 12/1/2015 14:27

Hung up on the share price ?

hxxp://gulfnews.com/business/oil-gas/kuwait-awards-4-2b-heavy-oil-development-contract-1.1438507

DYOR

[salpara111] 12/1/2015 11:49

Well Lamprell just announced what we all already know.....that 2015 is a bust for the sector and that hit their share price by 11% so I do think it is possible we could see 520p in the next few months.....unless oil suddenly bounces back and there is nothing to suggest that is going to happen at the moment.
When the rout is over there are going to be some great bargains but it looks like that is 6-12 months away.

[dealy] 12/1/2015 10:42

Quindell tripled in the last 7 days. Oversold shares can move up very quickly.

[h0rati0] 12/1/2015 09:31

I put support at 520 then 417. This looks as if it is going to go lower but is deeply oversold so could bounce and hopefully stabilise at any time. The oil sell off is surely overdone - or the world is on the brink of economic disaster. Copper don't look good either!