Petrofac Share Discussion Threads

[mallorca 9] 09/12/2014 14:25

Looking at a likely further fall today.

[salpara111] 09/12/2014 13:54

I am so glad I hesitated on taking a stake here.
I almost took a decent sized chunk at 990 in October but I did not like the fact that they seem to have company specific problems in terms of delivering contracts on time and cost.
The whole oil industry is going to be in a terrible funk for 6-12 months so I guess there is little point in looking at players over that time frame.

[mallorca 9] 09/12/2014 13:27

May be heading into freefall soon.
Target for shorts perhaps around £4.50

[ards] 09/12/2014 08:45

cant see any support above 680

[ards] 09/12/2014 08:42

i said wait for a green bar and it did not come. up in escalator and down in lift.

[deanroberthunt] 09/12/2014 07:47

we will soon see complete capitualtion in specific Oil producers and equipment suppliers....talk of Oil at $50 or lower...

[onjohn] 06/12/2014 07:28

Directors don't want to buy, usually profit warnings come in 3s

[ards] 05/12/2014 22:56

think 750 may be good place for stop. looks very oversold and shorters must take profits some time. after all company not going into administration. think swing trading best ploy here. wait for green daily bar and aim for 28% fib retracement at around 860 or so.

[vauch] 05/12/2014 17:04

Especially when the funds have been hammered

[silverfern] 05/12/2014 15:47

really, I could sympathise with a (current) FTSE100 director about to retire

[vauch] 05/12/2014 13:31

One of the director is related to me and is due retirement so wont be best pleased with the share price.

[ards] 05/12/2014 13:05

still no director deals. hold your water.

[dealy] 05/12/2014 10:20

This sell off is so overdone. Trading at 7 times next years earnings.

[meijiman] 05/12/2014 09:28

Its a good job the ceo is a self styled genius with lots of skin in the game.He will come to the rescue no doubt.

[gerry hatrick] 05/12/2014 09:24

VK,
Stay clear until the demotion to the FTSE 250 happens on 20 Dec.
I bought in at £8.66 thinking that they wouldn't go any lower but as you are always being told 'beware of a falling knife '

[vk74] 05/12/2014 09:00

Sorry guys have not been here long and just saw these lows. What is happening? Is it worth buying some or should I wait? Many thanks

[deanroberthunt] 05/12/2014 07:59

withdrawal of funds should see this down another £2.
+ the reduction in capex spend by the producers due to low oil price

[beefeater25] 04/12/2014 16:47

Based on what ONJohn? Your expert opinion? haha...

[onjohn] 04/12/2014 15:14

600p in sight

[silverfern] 04/12/2014 15:13

I would expect to buy back in when the company is in the 2560 and when oil price starts to recover - maybe FEb-March 2015 and if price is where it is now

[gerry hatrick] 04/12/2014 14:53

Yes PFC dropping out of FTSE100 is seriously bad news on top of the oil price slide.
Lots of trackers must sell off. Expect big drop from now in.

[alexios1201] 04/12/2014 10:31

PFC22Dec shall be demoted from ftse100Dark days are coming guys

[bulltradept] 04/12/2014 08:34

PFC Leaving the FTSE 100 in Dec.