Petrofac Share Discussion Threads

[callmebwana] 26/6/2017 09:22

Lodgeview. My apologies to you. I think I was a bit out of order the other night.
ATB with your investment here.

[lodgeview] 26/6/2017 09:17

PFC to test 450p today.

[gaffer73] 26/6/2017 08:33

I'm still in.

[mister md] 26/6/2017 08:22

Well I'm still in - hopefully the shorters have called it wrong (after the 60% drop in shareprice, they were definetely right before then ;))

[luderitz] 26/6/2017 08:18

Still fence sitting until tomorrow here.

[ny boy] 26/6/2017 08:18

Wake up everyone, suns out again Portugal, oils up & PFC is rising too

[ny boy] 26/6/2017 08:10

Heading to test 435p today I feel, a close above that level will be encouraging and open the door for a medium term target of 506p

[ny boy] 26/6/2017 07:54

Great rns for (MIN) today, let's hope it's a double with PFC tomorrow too!

[togglebrush] 26/6/2017 07:46

Press:-
'
Scandal-hit Petrofac to assure investors that it is ‘business as usual’
25 June 2017 • 3:22pm
'
Petrofac will be hoping to convince investors that it is business as usual for the troubled oilfield services group in its trading update on Tuesday.
'
The FTSE 250 group has been dragged into the Unaoil corruption scandal which has engulfed the global oil industry and could face a lengthy probe by the Serious Fraud Office which analysts fear may scupper its chances of picking up new work.
'
Petrofac’s earnings are expected to be resilient in the near-term due to an existing backlog of $14.3bn as of the end of last year. It also has financial headroom of $1.4bn and has been granted a one year extension on its revolving credit facility to 2021.

[midasx] 26/6/2017 07:26

In addition the Jersey-based services group recently clinched a new decade-long contract to provide Petroleum Development Oman with engineering, procurement and construction work.

It follows a three-year programme of similar services for Oman that Petrofac already provides, and could help put it in line to win one of the $1.5bn packages for Oman’s Duqm refinery project when it is sanctioned in the second half of this year.


The major contract win has helped to soothe investor jitters over whether the group’s work will remain in demand as the SFO probe drags on.

Both Petrofac and Unaoil have denied allegations of wrongdoing.

[togglebrush] 25/6/2017 19:55

Cybernest53; You got the into to the article with lead in to the rest which you probably know. No deceit indeed. GLA

[dealy] 25/6/2017 18:05

The $800m potential fine is thrown around like it is some form of established fact. Mentioned once by one analyst as an opinion and now regurgitated like it's a given.

[stoxx67] 25/6/2017 17:59

the not so good bits are / have been in the price already...

upside from here, whether one focuses on fundamentals or technicals

IMHO

[cybernest53] 25/6/2017 17:13

Thanks for that article Togglebrush... but you missed copying a huge chunk of the article.... the not so good bits! On the whole a fair resume of PFC's position though, IMHO!

[togglebrush] 25/6/2017 16:44

Press:
'
25 June 2017 • 3:22pm
Petrofac will be hoping to convince investors that it is business as usual for the troubled oilfield services group in its trading update on Tuesday.
'
The FTSE 250 group has been dragged into the Unaoil corruption scandal which has engulfed the global oil industry and could face a lengthy probe by the Serious Fraud Office which analysts fear may scupper its chances of picking up new work.
'
Petrofac’s earnings are expected to be resilient in the near-term due to an existing backlog of $14.3bn as of the end of last year. It also has financial headroom of $1.4bn and has been granted a one year extension on its revolving credit facility to 2021.

[robo175] 25/6/2017 13:09

Agree as well shysters.

[foot in mouth] 25/6/2017 10:55

Despite posting the buy recommendation above, I also think Goldman Sachs are totally corrupt and should have been allowed to have die in their bankruptcy during the last financial crisis.

[11_percent] 25/6/2017 10:41

GS are a totally corrrrupt bunch of scammers, do not trust anything they say.

[stoxx67] 25/6/2017 10:18

not sure i would consider Goldman a contrarian indicator, but your opinion is your opinion to which you are both entitled and welcome.

no concern to me whatsoever as to whether i am voted down or not, entirely insignificant.

i wish you well with your trading / investment strategy.

[bryall2] 24/6/2017 09:00

Stoxx67 if you do a bit of digging you may find the answers. Al. I didn't vote you down btw. Al.

[stoxx67] 24/6/2017 00:18

bryall2

you are joking, right ?

[bryall2] 23/6/2017 21:51

Goldman Sachs, or Goldman Sucks, it's usually better doing the opposite, as they're probably trying to offload, only my opinion of course. Al.

[foot in mouth] 23/6/2017 21:43

Goldman Sachs 23/06
Reiterates
Buy
Buy
584.00p

[stansmith3] 23/6/2017 16:31

surprised at slight pull back, if good news leaks in sunday papers..just seems a big risk between now and tuesday, shorters are surely betting the company is facing real trouble, otherwise just a silly bet, 10-20% downside vs 100% upsidevery greedy of them, but fair play if it works

[mister md] 23/6/2017 16:24

... and the trend is your friend ;)