Petrofac Share Discussion Threads

[weemonkey] 06/7/2016 11:11

Those looking for profits earned in dollars + dividend paid in dollars will find them here . .

[undervaluedassets] 03/7/2016 07:11

At last full results Revenue was up 10% to US$6.8 billion (2014: US$6.2 billion)

And there is some $19 billion dollars of forward visibility.

Dollars set to be where it is at for the foreseeable future (Anything but £££; please.).

Interest rates set to go to zero - so divi here welcome.

As you say WeeM - reasonable idea .

[undervaluedassets] 03/7/2016 07:04

Yes Sentiment is going to follow dollar earners. And this is a big $ earner.

[weemonkey] 01/7/2016 08:41

Looks about right. Strong company. Dropped a thread or two last year. Earns in $$$.

Oil sevices usually follow big oil stocks after a small delay

Buying here now looks not an entirely unintelligent thing to do.

Bonus - No stamp duty. I like that.

[bookbroker] 28/6/2016 09:02

Should seen as a good buy at these levels, big dollar earner, stable contracts, even should oil price peel back, this is still good value, recent T.S. reassuring!

[piedro] 10/6/2016 08:37

Petrofac inks 3-year contract on Bumi’s Angola-bound FPSO
Petrofac has been awarded a three-year contract to provide a condition monitoring program for Bumi Armada’s Olombendo floating, production, storage and offloading (FPSO) bound for offshore Angola.

[19bells] 09/6/2016 18:03

App is saying there's a rns but don't see one. Is the market seeing something I can't ???

[edjge2] 02/6/2016 18:46

720 arriving

[flyingbull] 30/5/2016 11:47

The June oil stock challenge is on! Deadline for entries is midnight on Tuesday 31 May. Good luck!!!


The April results are shown here


fb

[edjge2] 25/5/2016 22:24

Back inside channel above!

[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.