Petrofac Share Discussion Threads

[dipa11] 10/9/2024 20:56

Https://www.shorttracker.co.uk/company/GB00B0H2K534/

[wellbutpoor] 09/9/2024 18:04

Bonds edging up with a 35% gain on last month....

[dipa11] 03/9/2024 13:04

Mm is playing game by ways of selling to keeping price low to collect the stock from the market. Keep eyes on big deals @ lower price and once they finish price will be shoot ups DYOR Good afternoon

[action] 03/9/2024 12:29

Market down and this is 9% up??

[halfpenny] 02/9/2024 07:25

OH dear!! Further Falls Again and Again!!

How Low How Soon... 6p or less is fair value!!

[armbar] 01/9/2024 17:30

Interesting the newly agreed forbearance expires on Friday 20th September the AGM just announced scheduled for the Monday 23rd September Wonder what we will be voting on ?Seems the date set for ...The 47% have been wall crossed so are privy to the outcome and happy with the extension , the rest are in the dark like the rest of us. Ayman has now left thanking Petrofac and still holds his shares along with Azvalor Could be an interesting couple of weeks imo GL

[npk2] 01/9/2024 16:28

Halfabrain is on ignore for a reason.

[dipa11] 01/9/2024 16:14

You're the one asking everyone to buys shares it will go up.So you can do shorting and now you asking everyone to sell so you can closing shorting. Am i correct.

[npk2] 31/8/2024 18:24

I hope you're right, though it could be a tough ask to top RR.

[wellbutpoor] 31/8/2024 08:24

Arm - I agree if this was a simple cut and shut job it would have been done and dusted by now.

This is about the realisation of value at a time where the sector is severely constrained in terms of labour resource and free capacity.

There will be a few more chapters of this story left to run....could be the recovery play of the year.

GL

[armbar] 30/8/2024 19:37

Or a debt for equity clearly a possibility ,shorts close quickly As PFC release the news of Algerian $1.5bn awarded but currently delayed , then Adnoc upper zakum , then Tennet 3 $1.0bn one every six months , plus others to follow $60bn pipeline Back to 100p shsrpish debt under control , Lets see what happens next Ayman au revoir seemed ok with the next steps GL

[armbar] 30/8/2024 18:00

As I write these words .... By the time you read them , we may have been in a position to make further announcements on this work Returning the group to a sustainable growth trajectory Wonder if the Alterra fund $30bn and Lunate headed by the main man Dr Jaber Adnoc and blackrock et al , a bid comes in, my favourite is Adnoc TO or JV but could be wrong GL let see Monday RNS imo

[halfpenny] 30/8/2024 10:01

Further Ffffaaaallllssss aaarrggghh!!

So sad for investors with Dilution down to 4p or less.

Remove management Bonuses else will go bankrupt !!!

Cash Dried Down
Orders Dried Down
Shares Dried Down
Staff Moral Dried Down

Sad sad day for All....wot a mess!!

[halfpenny] 29/8/2024 11:56

OH! Dear!! looks like poor Deal Ahead as huge Dilution will be a disaster especially at a 4p share price.

PFC Down
Oil/Gas Down
Contracts Down
Revenue Down
Staff Moral Down
Orders Down.

Answer on a postcard!!
Wonder Where the Share Price is Going???

How Low How Soon??

PETROFAC EXTENDS FORBEARANCE AGREEMENT

Petrofac confirms it has extended its existing forbearance agreement in respect of the non-payment of the interest coupon on its senior secured notes from 23 August to 20 September 2024.
TIC TOC TIC TOC THE END GETS CLOSER!!

[molatovkid] 26/8/2024 19:05

Surely from a shareholders point of view, massive dilution will come with any financing package? If true, you're waiting for the axe to fall.

[ih_759282] 25/8/2024 19:40

They keep extending because there's an $8 billion --+backlog of services needed in an oil&gas industry headed by energy giants with the type of capital that rivals the entire GDP of multiple countries.Bondholders provided life support for a company that nearly collapsed over losing $10 billion in contracts following their corruption probe,they need to see some ROI,selling everything at auction only further exasperates losses,contractors will want everything for next to nothing.Creditors took over McDermott International barely two years ago and are already three significant lawsuits deep.The books aren't open to the public now but looking at the wages offered to field workers doesn't look good,$40-$60K usd for a crane operator is not a recipe for retaining workers.

The business is far too specialized and complicated for financiers to meddle in,their expertise only overlaps a portion of the business,it takes a certain breed that eats,breathes,and sleeps this industry,a borderline mentally ill schizo/autistic savant with a touch of narcissistic psychosis,a room full of high powered creditors voting on matters they won't fully comprehend is a recipe for disaster, especially with Energy Giants that have egos and bank accounts the size of icebergs with legal teams that are more like bloodthirsty doberman pinchers at their disposal.All it takes is one slick CEO looking to capitalize off the information chasm and the threat of getting bilked is high.Energy Giants use outsiders for a reason,it's HIGH RISK, ,and Highly easy to run into problems of every imaginable instance and at every step,if it wasn't the Oil &Gas titans would just do everything in house without using sub contractors.This CEO might need to tickle a Sheikh just right,to free up more up front capital to get some positive momentum going in returning this disaster to a form of fiscally responsible resemblance.This business isn't run like an apartment complex leaving financiers free time for yachts,woman, country golf clubs and frolicking around the globe on vacations,every penny gets earned the hard way from field workers up to upper management.

[geckotheglorious] 23/8/2024 15:20

"The roller-coaster ride of being a Petrofac bond holder are here for all to see as their forbearance is almost continually required at the moment.

So bear a thought for the equity holders who must live in constant fear of a trip to the barbers"

Sums up the situation in a nutshell.

[action] 23/8/2024 10:00

Noone can run this business like corner shop

[warranty] 23/8/2024 09:37

But if there was no hope why would the note holders keep extending?

[action] 23/8/2024 08:07

Only way Petroc come out as survival is to gain big PROFITABLE contract wins. Othewise it is uninvestable on all counts. May be extension for another month. I have lost all hope of any takeover at reasonable price

[armbar] 23/8/2024 06:42

Q3 end Sept PM304 sold $60m+JSD6000 10% value $20M+Algeria 1.5bn delayed :)Upper Zakum Adnoc 60bn pipelineTenet PG agreed must be due another one every six months Ayman good bye did not sound like a thank you for making my 100M+ worthless and 3 decades founding the business Imo due diligence takeover , DD on going until asset soldAdnoc favourite imo or Schlumberger , PE GL

[midasx] 23/8/2024 06:30

Looks like the Bond Holders are happy to await the sale of assets due shortly to sort out the balance sheet issues.

[mj19] 22/8/2024 14:38

lol gotta laugh some insider news leak?

[mirabeau] 22/8/2024 11:55

Turning up....what gives?