Petrofac Share Discussion Threads

[philo124] 06/1/2014 17:20

WG. is the ticker for Wood Group.

[2ngh] 06/1/2014 17:18

Yep.

Its wg.

[naed] 06/1/2014 16:49

Wood group?

[dimerose] 06/1/2014 14:59

what company is wg pls

[philo124] 06/1/2014 12:08

Thanks Phil; WG and AMEC also out of favour for now.

[philanderer] 06/1/2014 11:37

Detail on that Deutsche upgrade


Petrofac, the energy services group, saw its shares slump in November after it warned of little or no growth due to increased competition and contract delays. But they have climbed 16p to £12.37 after Deutsche Bank moved from hold to buy. The bank said:

Having taken a cautious stance through 2013 we now see much reduced expectations & an undemanding multiple as overly discounting ongoing earnings risk. Petrofac has underperformed the EuroStoxx by nearly 40% in the past 12 months due to a) downgrades associated due to rephasings in onshore engineering and construction, and b) a de-rating of forward earnings as cashflow dynamics have worsened given roll-out of the new, more capital intensive strategies. Sentiment around these points has arguably bottomed and with a return to good growth likely to become more visible in 2014, trading on 8.5 times 2015 PE, we upgrade to buy. Our 1,500p target price offers 30% potential upside.

Guardian market report

[bluesbeater] 06/1/2014 08:03

06 Jan 14 Petrofac Ltd Deutsche Bank Buy 1,198.00 1,425.00 1,500.00 Upgrades

[philanderer] 02/1/2014 09:02

Independent 2014 tips

2nd january 2014


Garry White, chief investment Commentator at broker Charles Stanley

Petrofac: "The shares hit a two-year low in December, as investors worried about large project delays and a £600m spending programme to move the onshore oil service company into undersea operations. However, the company maintained its long-term target of doubling earnings between 2010 and 2015. Sentiment around the shares is very low and if the group can deliver on new contracts in 2014, market expectations are likely to move higher."

FTSE 100 prediction 7,200

[2ngh] 20/12/2013 07:47

where to today then shugsy? good calls yesterday.

[2ngh] 19/12/2013 11:06

ok, might turnaround quicker than expected with the fed move last night. riskier asset classes should rally now into 2014. looking for 1282 nov high to be tested in the short term. and push through there and it will be a rapid rise to 1417 gap close also from nov.

[shugsy] 19/12/2013 10:34

Breakout north coming up.....

[shugsy] 19/12/2013 10:13

19 Dec 13 Petrofac Ltd Goldman Sachs Buy 1,122.00 1,509.00 1,509.00 Reiterates

[shugsy] 19/12/2013 08:16

Could be a good 5% up day today and more tomorrow....

[shugsy] 19/12/2013 08:03

Could be well above 12 by jan 1st.

7.5bn Pomo today....

[shugsy] 19/12/2013 05:42

Hydrus

The fed have only reduced stimulus by a small margin from Jan and assured the interest rates will stay at zero until 2015.

Ben also said the US economy is looking much much stronger but if it weaken he will increase QE.

Basically assuring the markets will go up throughout 2014!!

[f1araway] 18/12/2013 23:43

Maybe first thing tomorrow at long last?

[hydrus] 18/12/2013 20:54

Just seen the Dow I understand now although I don't really understand why the Dow is rallying!

[hydrus] 18/12/2013 20:34

Shugsy why would the fed reducing their stimulus result in a big up day here?

[shugsy] 18/12/2013 20:00

Fed to continue tapering throughout 2014.

Dow looks like its goingntomrally strongly into new year.

Shorts might just get burnt here.......

Big up day tomorrow?

[5bag] 18/12/2013 18:56

If I can release any funds from other market positions over the next few weeks I'll be adding here. Getting silly now. The sector is being basically indiscriminately demolished on any whiff of earnings downgrades for any of the players (large,small, comparable or chalk-and-cheese). Markets don't throw up decent opportunities for ftse 100 divi-payer snaffling very often.

[tiger60] 18/12/2013 13:06

That was the cause of yesterdays fall, with a tiny carry over first thing this morning.

Scratching along long term support and confident of a mini bounce based on a positive fed decision later. Confident 12+ by jan.