Petrofac Share Discussion Threads

[flyingbull] 30/6/2014 15:42

The July oil stock challenge is still on.....deadline for entry is midnight tonight. Good luck!!!

[theprior] 25/6/2014 16:52

Petrofac extends Bibby Stockholm coastel charter| Offshore Energy Today
Today, 4:45 PM

[piedro] 28/5/2014 10:43

On the website ...

28 May 2014
Petrofac secures new EnQuest operations and maintenance contract
Petrofac is set to continue to support EnQuest's North Sea assets, after securing an operations and maintenance contract for up to ten years.
The contract, worth an estimated $630 million .... ....

[chutes01] 15/5/2014 16:18

this is a bid target.

[redips2] 15/5/2014 16:00

Well now I'm watching .

[hjs] 14/5/2014 13:15

Worth reading this article.

[philo124] 12/5/2014 15:25

Canaccord; 1500p to 1400p.

[oilretire] 12/5/2014 13:51

Link to same targets......



Brokers' round-up, Petrofac in focus
By BFN News | 12:45 PM | Monday 12 May, 2014


Credit Suisse cuts Petrofac to neutral from outperform, target cut from 1600p to 1500p. Investec reiterates buy on Petrofac, target cut from 1475p to 1315p. Citigroup reiterates buy on Petrofac, target cut from 1525p to 1475p. Deutsche Bank reiterates buy on Petrofac, target cut from 1500p to 1400p

[enami] 12/5/2014 12:18

Credit Suisse Downgrades To Neutral Target Reduced From 1600 To 1500
Investec Reiterates Buy Target Reduced From 1475 To 1315
Citigroup Reiterates Buy Target Reduced From 1525 To 1475
Deutsche Bank Reiterates Buy Target Reduced From 1500 To 1400

[togglebrush] 10/5/2014 09:56

Yesterday was the maximum volume since 2010 with a substantial price drop. But it is a familiar story as shown below in a Tale of two IMS
'
18 November 2013 INTERIM MANAGEMENT STATEMENT
Date_______Close______Volume
'
15/11/2013 1,439.00 __561,438
18/11/2013 1,200.00 5,914,853__IMS Q3
19/11/2013 1,177.00 3,131,776
20/11/2013 1,185.00 2,262,434
'
Share price recovered until
'
09 May 2014 INTERIM MANAGEMENT STATEMENT
Date_______Close______Volume
'
07/05/2014 1,421.00 1,038,101
08/05/2014 1,388.00 1,770,959
09/05/2014 1,177.00 6,321,363__IMS Q1

This a highly volatile share around reports from an IMS

Stats for Daily Volume based on ADVFN data from 2010

Maximum_______6,321,363____See last Friday with previous Max 18Nov13
One in 100____2,942,392
Q3____________1,237,581
Median__________975,495 ___Middle of sorted sample (normal day)
Q1______________738,766

[death by donut] 09/5/2014 13:50

Also ,the drop in price and the drop in forecast profits seems to leave the p/e pretty much the same as the close yesterday , give or take.

DbD

[death by donut] 09/5/2014 13:46

Pugugly , sharescope shows me the same ,so the $580m looks post tax to me , not an expert tho'.

DbD

[bargainbob] 09/5/2014 13:30

Nice fit for emerson

[hjs] 09/5/2014 13:28

hatters

I agree Management have lost control and as a result I would not be surprised if someone will step in and take it over for cheap.

IMO when new york opens takeover rumours will start.

[sanks] 09/5/2014 11:40

I'm prepared to take a risk around £4.70
Will wait a bit
Hope this helps

[hatter2] 09/5/2014 11:19

I just have an overriding view of management not having strong enough control, lacking strong governance and come what may, disappointing the market over these last 2 years. Long gone are the historic boasts for 2015.

All in all I have headed for the exit as I have simply lost confidence in the top management at Petrofac to deliver over the next couple of years.

Within my strategy, owning shares has a heavy bias to my confidence in the management's ability to deliver. Granted they have performed superbly from 2005 to 2011 and all credit to them for that but I am afraid that they seem to have lost their way over the last couple of years.

[oilretire] 09/5/2014 10:13

Like I already said, credit due for acting quickly to address the problems within IES.......

Some of the Integrated Energy Services projects "need a great degree of management focus," Chief Financial Officer Tim Weller said today in a phone interview. "We have curtailed some business development activities in the last couple of weeks, terminated some discussions" about contract awards. He declined to name the projects the company dropped.

[hjs] 09/5/2014 09:54

IMHO, this is overreaction. Just based on what market was expecting for 2014 and what the forecast now is the overreaction. I expect this to recover around 1250. According to me, the worst case would be down 10% and best case 8% so if you average it to say 9%, then the difference is the recovery from todays drop!

[bargainbob] 09/5/2014 08:55

20 per today will be the battle ground for the dead cat bounce.

[bad robot] 09/5/2014 08:52

I suspect 1000p will be hit

[bargainbob] 09/5/2014 08:51

Not finishted the leg down nY.

The question mark can they deliver on budget will weigh heavily in the dealing rooms.imho

[ny boy] 09/5/2014 08:42

In this market, expect a dead cat bounce to short into

[bargainbob] 09/5/2014 08:34

Is a 20 percent fall on the cards or will it pull back after nine.