Petrofac Share Discussion Threads

[halfpenny] 03/4/2024 17:55

They must be a Target Takeover at these levels.

Just now a question of Time !!

Many Suitors have been Circulating so when will they make a move??

[armbar] 03/4/2024 16:03

The difference between Petrofac selected for Algeria upstream project $1bn and Petrofac ink contract for upstream Algerian project 1bn Is TIMECannot be too long as it is material ,, PFC have market obligations This recent MEED reported upstream project is different to previous won downstream project Lets see good luck

[ny boy] 03/4/2024 12:55

No compelling reason to buy any equities, markets are well overbought, large correction underway, topping out process is nearly complete.

[armbar] 03/4/2024 12:44

Awaiting clarification on Algeria news From IR , and sourcing confirmation on the MEED Lets see GL Personally think MEED caught PFC IR on the hop

[leoneobull] 03/4/2024 12:04

How is it going since selling out of DEC? It has gone up about 15% ?

[halfpenny] 03/4/2024 11:50

RNS asap for clarity..

[halfpenny] 03/4/2024 11:19

Nice fall to Add more as Shorters try to test 20p again

Adding more watching When!!

Agree RNS needed on Asset Sale and Mega Deals

[wellbutpoor] 03/4/2024 10:15

Anticipating another test of lower support levels - perhaps 23-24p due to lack of news regarding rs-structure.

Another opportunity to top up if it happens.

The market awaits a plan that will enable PFC to deliver.

[armbar] 03/4/2024 09:27

Petrofac selected Algeria $1bn MEEDSelected, followed by contract signed Think BOD are going to do the same as the last update , announce at update , review , followed by we have another contract GL

[halfpenny] 03/4/2024 08:45

Market overbought in USA now Correction 5-10% as the AI hype fails.

Mag 7 are all Hype now comes reality especially Chips stock!!

Go for Value like PfC...a real company with real Assets abd Mega Deals...

[investtofly] 02/4/2024 20:33

None on the Petrofac's website either

[dealy] 02/4/2024 16:11

no rns on that Algeria win strange

[ny boy] 02/4/2024 15:18

As mentioned before..

US markets are well overbought, I have several Dow shorts from Easter, leave to run, stops in place. I am expecting the Dow to fall back to around 34000 or hopefully to 30000

Bitcoin has topped out for now, it should pull back to $45-50K

[armbar] 02/4/2024 11:39

Think it is the Libya oil project

[armbar] 02/4/2024 09:25

Algeria intends to invest $50bn in oil and gas projects over the next four years as part of its strategy to boost production, according to Rachid Hachichi, the chief executive of the national oil and gas company Sonatrach.Wil Crisp Meed 6.3.24Guess this is maybe just the start GL

[midasx] 02/4/2024 08:58

Yes, it is all sorted.

PFC were at a conference in the Middle East, they asked the delegates to empty the change out of their back pockets, job done!

[blackhorse23] 02/4/2024 08:49

Any news of fundraising for liquidity crisis??

[wellbutpoor] 02/4/2024 08:09

Yes - more margin calls for the CFD crew today....

Brokers will be making a fortune off the volatility.

[pete160] 02/4/2024 07:55

Out of interest, what are the industry norm of profit margins on these types of contracts? Are we talking c. 1%, 10% or ?

[midasx] 02/4/2024 07:41

Just another $1billion contract for a company with a £143 million market cap!

Not worth mentioning really 🙄

[armbar] 02/4/2024 07:31

Intraday will be good for the Algeria contract , Shorts may get the opportunity to close some prior to RNS if they are fortunate

[halfpenny] 02/4/2024 07:18

With North Sea projects and Oil Production falling rapidly how are PFC impacted as 80% of their work is overseas!!

Is that correct??

Any news on promised Asset Sales?


Many are waiting for news on Sales as well as Mega Contracts..