Petrofac Share Discussion Threads

[redcarpdog] 16/8/2017 10:45

1gw..thanks for the info. which site do you get this info from please ( I am not new to investing but new to doing in-depth research on a stock) thanks. red.

[adejuk] 16/8/2017 10:42

i posted the reduction last week

[1gw] 16/8/2017 10:26

redcarpdog - if you look at the actual holdings notices you would be more up to date.

Today's holdings notice shows DB position as of 11th August:
8.96% / 31.0m voting rights (15.5m shares + 15.5m financial instruments)

The holdings notice on 11th Aug showed DB position as of 9th August:
9.37% / 32.4m voting rights (17.0m shares + 15.4m financial instruments)

The holdings notice on 3rd July showed DB position as of 28th June:
8.13% / 28.1m voting rights (14.0m shares + 14.1m financial instruments)

So between 9th August and 11th August, DB appears to have sold 1.5m shares and increased slightly its cash-settled equity swap (the main financial instruments position).

[w1ndjammer] 16/8/2017 09:46

10 August 2017
Rabab Harweel: an EPCm project in progress

It can be difficult to appreciate the sheer scale of the Rabab Harweel Integrated Project (RHIP) in Oman. Located in the Harweel cluster of fields, deep in the Omani desert, the huge new development will encompass gathering systems, sour gas processing facilities, injection systems, and all of the associated flowlines and pipelines.

Petrofac is providing engineering, procurement, construction management and commissioning support services for RHIP worth US$1.25 billion. Unlike most other projects in the Middle East, RHIP is being delivered on a reimbursable basis which means Petrofac’s profit is linked to the achievement of specific milestones and a potential gain share on procurement.

Erik Roeterdink, Vice President of Operations and Project Director on the Rabab Harweel Integrated Project, provides an update…
We have hit our targets across all aspects of the project. The engineering work was substantially completed by September 2016, and we are on track to get the procurement substantially completed by mid-2017.

Where to from here? What are the upcoming priorities and challenges?

With the closing out of the engineering and procurement, the accent of the project is changing from the home-office to the site.

From here on, we will support the client in managing the next phases of construction, and begin to work towards the commissioning.

We have had a lot to take pride in, and want to be sure that we continue to support the client through to the close of the project.

RHIP is just one aspect of a deeper relationship with PDO. Petrofac is also providing EPCm services with a value of around US$900 million to the Yibal Khuff field development project, located 350 kilometres southwest of Muscat, which will add to PDO’s future production.

In the past, Petrofac has worked with PDO on major projects such as the Kauther gas field depletion compression contract and the Harweel cluster development.

To build on this partnership, Petrofac recently secured a long-term Framework Agreement with PDO for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for major oil and gas projects. The initial agreement is for ten years with an additional five-year option. As a result, Petrofac will further strengthen its Muscat office to support technical delivery and to ensure further In-Country Value is generated.

[redcarpdog] 16/8/2017 09:36

I thought DB had increased their holding?? It was 14,092,628 (4.07%) on the 11th and is currently 17,087,576 (4.94%) now according to info. on 4-traders.com??

[cinquepercento] 16/8/2017 09:33

Good Morning,Callmebwana and others. -:)

I almost bought more Petrofac first thing when it went back up a bit but I have held off for now in the hope of a lower price. -:)

Of course it could shoot back up at any time but that is the chance I am taking.

[callmebwana] 16/8/2017 09:15

1GW.
Thank you. You are an informative poster. Have a good day.

[1gw] 16/8/2017 09:12

In the absence of any recent changes to the disclosed short positions, looks like it was Deutsche Bank trading activity that helped take it down on Friday. Selling down below 9% on Friday, having gone above 9% as recently as last Wednesday - at least as I read the holdings notices.

[callmebwana] 16/8/2017 09:02

Cinquepercento, good morning.
Be patient,the MM's gapped this up a bit this morning. Let us see how this behaves today.
Good to see some people from PAYS BB here as well.Longwell, welcome aboard.
I have done the same as you.

[cinquepercento] 16/8/2017 08:02

Let the game commence!
Gentlemen place your bets,
Le jeu est fait!
Rien va plus!
-:)

[garycook] 16/8/2017 07:45

LW.Fair play.Should be a good move.I top sliced some BKG to add here also.

[longwell] 16/8/2017 07:41

warren buffet says buy when others are selling, that's how I made my fortune.
top sliced a few pays yesterday into here. may make another 1.50 if improved offer comes in but here have same potential and a dividend as well so took a balanced view.

[garycook] 16/8/2017 01:08

Where is NY Boy ?

[callmebwana] 15/8/2017 21:23

Oh' I forgot PFC. I think the share price will go down in the morning!!

Oh' Open a face book page !! WTF for?? If you deramp a share they are on your back. If you talk about another share they are on your back.
F...ing codasending post to say the least.
This BB has been clean so far. It would not take much to turn it Blue.
After a bottle of Red anything is possible with me.
GLA.

[callmebwana] 15/8/2017 21:14

Ah'Stoxx67.
The self appointed POLICE of this BB. I suppose I got under your skin??
I was in my garden picking Plums otherwise I would have answered you earlier.
Well chap some of us were not born here nor edjucated here so my apologies to you about my spelling!! I think you are under water here.
Since, in the privious postes I have posted that English is my 5th Language.
You don't like the idea of 3 old codgers having a bit of chit chat??
I will answer you in the following languages.
Bhan chod(Hindi)
Tere maa the kus (Punjabi)
Ma yoko,kuma nina (Swahali)
Sirkit git (Turkish)
Translate them on Google. I think you will get the gest of what I think of your post.
Have a good night.

[timw3] 15/8/2017 21:13

Heads Up on MATD

MATD HUGE news today, Fallen from 32p when Bergen deal was announced and now NO MORE DILUTION till Mid Oct.. .MASSIVE upside with 2 Billion barrel prize Drilling next month!

Back to 30p levels soon.

[scooper72] 15/8/2017 20:41

...and let inflation erode its real value by 2.5% pa

[adejuk] 15/8/2017 20:36

agree nicebut
the only safe haven is to keep your money in a bank !!!!
:-)

[nicebut] 15/8/2017 20:05

I was going to say....Which is a safe share these days? Obviously some of these have recovered over the years... But makes me laugh when you hear the expression XXX share is not for widows or orphans, when you think how some of these have decimated some folks wealth.

LLOY
RBS
BARC
NRK
TSCO
BP.
GLEN
PFC

[adejuk] 15/8/2017 19:00

oh
and now holding 9k of this potential gold mine !

[adejuk] 15/8/2017 18:57

bwana
i bow to you
i also am over 70
i want to fade away in my consulting rooms.
safe [ish] - my bets
legal and general
btg
virgin
randgold
rpc
deutsche bank - long, long, v v long!
mad punts - small bets, max £20k
nuog
ukog
imm
jlp

[topazfrenzy] 15/8/2017 16:54

buying/adding opportunity here ...

[cinquepercento] 15/8/2017 16:02

Thank you for your input,Callmebwana.

I will stay out for today unless this takes a nose dive in the next 15 minutes or so:)