Petrofac Share Discussion Threads

[mirshahik] 26/2/2015 13:17

PFC is very small part of my portfolio as it has been a dog for a few years now. One risk still remains and that is project execution. Batman Litiwin went to almost 0 and was delisted. Not saying that would happen to PFC but the risk is there as we saw with 2 projects recently.

[mirshahik] 26/2/2015 13:12

Actually long PFC with my pants up and a more realistic view of the markets in general, and better manners.

[robrah] 26/2/2015 12:31

Mirshahik, are a shorter that got could with u r pants down in this rally ?Throw in the towel save u r self some money . This is 1000 probably by next week .and further more soon

[mirshahik] 26/2/2015 11:59

Robrah, are you generally an optimist?

[robrah] 26/2/2015 10:44

Quick spike to 1000. The rest a bit then 1200 then 1500

[supermarky] 25/2/2015 20:21

Sold 894. Expecting profit taking after such a pop. Still looking good though. Ready to join the party again

[piedro] 25/2/2015 14:51

robo175 25 Feb'15 - 11:34 - 4189 of 4191
"Obviously they were impressed with the webcast presentation."

- were you not?

[its the oxman] 25/2/2015 14:47

Sold 905p. May regret this but out with a decent little profit v a whopping loss a few weeks ago.

[spob] 25/2/2015 14:42

finspreads tried to force me out of this by increasing the margin requirement at 6 quid

I didn't hesitate to fund the account

Up yours finspreads

[robo175] 25/2/2015 14:37

Gap fill at £10

[robrah] 25/2/2015 11:37

1000 today ?

[robo175] 25/2/2015 11:34

Obviously they were impressed with the webcast presentation.

[robo175] 25/2/2015 11:26

Yes this is on its way to a £10

[robrah] 25/2/2015 11:04

1000 is target 1 then 1200 then 1500.No advice intended.

[supermarky] 25/2/2015 09:20

The markets always over react. Technically this has a lot of steam left in it

[its the oxman] 25/2/2015 09:20

Afren is just speculative high risk as many burnt holders will probably tell you. PFC is at least a profitable reasonably run company of decent size. I bought too early here but am now back in profit. Yippee. Hopefully we can climb a bit higher yet.

[robrah] 25/2/2015 09:12

I am sticking to pfc been better then any fixed deposit account I have ever held

[robrah] 25/2/2015 08:54

1000 in sight now

[supermarky] 25/2/2015 08:17

I was expecting a big swing either way this morning

[1gw] 25/2/2015 07:33

Results look OK. Dividend maintained, earnings in line and a reasonably confident outlook.

[blueball] 13/2/2015 10:14

hxxp://moneyweek.com/money-morning-contrarian-bet-oil-stocks/

[piedro] 09/2/2015 20:32

contracts possibly ending this year ...

[piedro] 09/2/2015 19:55

--------------------------------------------------------------------------------Petrofac secures strategic services agreements in Algeria
06 February 2015
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Petrofac, the international oil & gas service provider, has entered into two strategic contract agreements with Algerian state-owned Sonatrach.

The first is a five year contract where Petrofac will be providing a range of multi-discipline engineering design and procurement services in support of Sonatrach’s upstream hydrocarbon development programme within the procedures that govern the tendering process. It is anticipated that the contract will cover the early definition of new projects, detailed engineering and services in support of project execution. Around 100 personnel will support the contract throughout its duration.
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Under the terms of the second agreement, Petrofac has signed a Memorandum of Understanding with Sonatrach, committing both parties to establish an Algerian Joint Venture to undertake engineering and project execution of selected upstream and downstream developments. The Joint Venture is expected to be finalised by mid-2015 with first project activity in Q4 2015.

Building local capability and capacity through the transfer of knowledge, systems and processes and customised training is at the heart of both agreements; ensuring the development and mentoring of future generations so they have the skills to take Algeria’s oil and gas industry to the next level. The majority of engineering services will be delivered locally.
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Craig Muir, Managing Director for Petrofac’s Engineering & Consulting Services business commented: “Our track record in Algeria extends more than 15 years and over that time we have had the opportunity to undertake many different types of work. From EPC projects at one end of the spectrum, through operations and maintenance and engineering services, underpinned by our strong local technical training capability. These two most recent agreements are excellent illustrations of our strategy in action: utilising our international capability to maximise in-country value in key areas of operations. This is an ideal opportunity to support our longer-term sustainability in-Algeria and we look forward to working with Sonatrach to deliver the wide variety of services that these agreements have the potential to offer.”
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[dealy] 09/2/2015 17:43

600p was ridiculous on this stock. institutions and pension funds should be buying cheap stocks not bonds that have negative interest rates