Petrofac Share Discussion Threads

[mister md] 29/6/2017 10:14

"Oil’s streak of gains hits 5 sessions in row as U.S. crude output falls"

[d1nga] 29/6/2017 10:08

still lots of time to board IMO

[luderitz] 29/6/2017 10:08

How's the oil price doing today chaps?

[callmebwana] 29/6/2017 09:36

Luderitz.
Sitting on the fence can be costly. No good hoping now!! Train has left the station.

[luderitz] 29/6/2017 09:33

Would like the share price to be a bit lower.

[buy curious] 29/6/2017 09:33

What the duce.

NO-ONE gives a fukk.

[whattheduce] 29/6/2017 09:02

back in @439 so a little increase in holding. Every little helps!

[woodhawk] 29/6/2017 08:42

Indeed Stoxx67, looking for 600p plus a nice fat divi too.

[stoxx67] 29/6/2017 08:24

it has been very easy money since £3.70's

Gap target, £5.56 - £6.04 in due course.

[whattheduce] 29/6/2017 08:24

Bailed with my 444. Ready to jump back in And my estimate is a dip down to 440 before closing above 455, but it is very erratic at the moment.

[ny boy] 29/6/2017 08:20

Just add/buy any decent dips.

Looking good for a close above 444p

[terry hardacre] 29/6/2017 08:12

Grabbed another chunk at £4.42, will add further on dips. Bull run looks pretty convincing now; easy money to be had here IMO.

[tsmith2] 29/6/2017 07:48

Yesterday's trading update confirmed our prior view than the project award outlook is robust, and that Petrofac has ample opportunities to win the $2.2bn of new work required to underpin our 2018 revenue forecasts; we see at least $3.8bn of awards that it is wellplaced to win due for award imminently."....

[ny boy] 29/6/2017 07:45

Press coverage from a couple of the 4 broker recs yesterday

[callmebwana] 28/6/2017 23:44

I love a Sort Sqeeze.I hope it comes soon.
Lodgeview stop gambling !! Sleepless nights and all that!!

[whattheduce] 28/6/2017 21:21

Big numbers in the auction, good end post market. My 444 target may get blasted and much sooner than I thought. If so, I shall have to write a strongly worded letter lol.

All indications are a very rapid retrace to the 500s, I think I am going to be cautious with the shimmies in and out as big dips could easily stick for a while.

Happy days.

[adejuk] 28/6/2017 20:05

and lloyds, btg and dc
fools and their money?

[adejuk] 28/6/2017 20:04

for me, large.

[terry hardacre] 28/6/2017 19:41

Indeed, many thanks 1gw - I shall be adding in the morning

[ny boy] 28/6/2017 18:46

1gw, good work! Tks

[1gw] 28/6/2017 17:46

The weight of shorting from the disclosed shorters (as per FCA spreadsheet) came off considerably on Friday and Monday. Absent any late disclosures, NET additions to the total disclosed short position up to and including changes on Monday have been:

16th Jun: 0.33% (AQR and WorldQuant)
19th Jun: 0.30% (AQR and WorldQuant)
20th Jun: 0.18% (AQR and WorldQuant)
21st Jun: 0.12% (AQR)
22nd Jun: 0.16% (AQR and Blackrock up, WorldQuant down)
23rd Jun: 0.00% (no changes)
26th Jun: 0.03% (AQR up, CapeView down)

AQR is now at 3.82% vs its 3.94% on Wood Group (as of 23rd June). These 2 positions are by far AQR's biggest (as a % of share capital of company being shorted) on the FCA spreadsheet.

So with WorldQuant and CapeView both having reduced, and AQR already in relatively deep, maybe some evidence to suggest we might see net reductions in total disclosed short positions before long.

[lodgeview] 28/6/2017 16:34

I am hoping for a retrace early doors so I can load up with many more tomorrow. Got my other funds through. Want to load up here so I can get 5k divi per year!

[ny boy] 28/6/2017 16:32

Excellent close, parked just above 435p and should get a good crack at 444p, if so, should see 455/60p fairly quickly.

[adejuk] 28/6/2017 16:31

that was a roller coaster
looking forward to tmrw and will def add