Petrofac Share Discussion Threads

[market sniper 3] 13/4/2016 09:14

PFC Petrofac

Moving out of a downtrend channel and lower oscillators support the Bull case.

[discodave4] 03/3/2016 19:10

What do you think?

[bookbroker] 03/3/2016 15:43

Is this co. in takeover talks or is this just a short squeeze!

[edjge2] 29/2/2016 17:23

Pretty sure services rose faster than oil getters last recovery. If oil will drop to $26 for double bottom not a bad place to go in again IMO, but then $40 beckons? Saw tooth behavior in this share so ride the ups.

Another 20p needed for a breakout of this current drift down I think.

[dr_smith] 29/2/2016 14:15

Lucky you Wad. I bought Feb 2013 at around 16.00. ;-)
I am naively holding on basis that a later return in direction of normality will likely return more than potential gains elsewhere, but it is currently clinker in the portfolio.

[wad collector] 29/2/2016 13:29

Decided to sell my main holding here for 905 at a modest profit, bought before the oil price fall ; the oil situation makes me nervous. May be wrong but think safer places.

[bookbroker] 26/2/2016 14:48

This stock is nuts, goes up far in excess of other oil support cos., but then there is still high short interest, some of whom must be closing, and with good visibility on earnings for the next two years things are looking good, but beyond that it could be heading for a fall!

[togglebrush] 26/2/2016 07:11

Many thanks Speedsgh

[speedsgh] 25/2/2016 11:34

Toggle - see below re final dividend which is taken from the Segmental Reporting and Financial Review. there is a link to the review at bottom of yesterday's Final Results rns...

Segmental reporting and Financial Review -

The Company proposes a final dividend of 43.80 cents per share for the year ended 31 December 2015 (2014: 43.80 cents), which, if approved, will be paid to shareholders on 27 May 2016 provided they are on the register on 22 April 2016 (the ‘record date’). Shareholders who have not elected to receive dividends in US dollars will receive a sterling equivalent, based on the exchange rate on 27 April 2016. Shareholders have the opportunity to elect by close of business on the record date to change their dividend currency election.

Together with the interim dividend of 22.00 cents per share (2014: 22.00 cents), this gives a total dividend for the year of 65.80 cents per share (2014: 65.80 cents), in line with the prior year.

[wad collector] 25/2/2016 09:17

Sold my trading stock for 830 ; the trader in me likes the volatility here.

[togglebrush] 24/2/2016 13:37

Re Richie07 ... YES that's the full year total.
'
Post 4295 shows, LAST Years rate modified for detail for last payment for 2016 but what I was looking for is the companies ACTUAL DETAIL for this years payment. My post was only a guess.

[richie07] 24/2/2016 09:10

FY dividend maintained at 65.80 cents. In the RNS, few paragraphs down.

[togglebrush] 24/2/2016 08:52

I could not find any dividend detail... as per last year I assume
:-
???
43.80cents US roughly 31.28p UK
Ex dividend Friday 15 April 2016
Payment_____Monday 23 May 2016
'
????????????????????????????????? Any better Ideas

[wad collector] 24/2/2016 08:44

I think the results answer my question about Laggan ; a monumental ~~~~up that wiped out half a year's profits!
The market seems happy with the results this am , presumably because the divi is maintained and the next forecast positive. Might sell some on this little rise today.

[richie07] 24/2/2016 08:24

Good results. Divi maintained and strong pipeline. Excellent!

[wad collector] 08/2/2016 08:31

So Laggan has started operating today...wonder if PFC made any money out of it in the end.

[wad collector] 04/2/2016 10:00

Let us hope they get their fingers burned , but hard to see share price soaring with crude price outlook.

[ohisay] 04/2/2016 04:51

I idly notice this is the 5th most shorted stock on the market acc to shorttrack

[bookbroker] 09/1/2016 08:58

One has to remember that the existing structures globally require maintenance, and this is more imperative now than ever after the Macondo spill regardless that the incident occurred at sea, this is where this cos. excellence is highly regarded!

[treeshake] 09/1/2016 08:53

When oil bottoms out this is going to be one of the best bargains - quality co

[bookbroker] 09/1/2016 08:48

The Laggan Tormore project is as good as complete, there may be some write down or sum amounting to, as they said a few tens of millions over and above budget, but in principle the project is complete, the fall today rather reflects the situation with the oil price. Recent falls armour to do with the continuing washout in the oil sector, but this is a well run c. being pummelled because OPEC failed to realise that the US shale business would be able to weather the falling pice of oil far longer than anticipated.
As said before, what the Saudis failed to see was that had they cut production last year it would most likely have put a floor under oil at around $50 per barrel, that $10 difference per barrel at 10mln barrels per day would have added about $700mln per week to their coffers over and above the current price for a relatively small slice minus say $15/20 mln a day. Instead they have lost about $300mln per day as a result in revenue!
Most producers are already running at full capacity just to stand still, any more devaluation in the renminbi/yuan and the price sinks further!