Petrofac Share Discussion Threads

[matrix25] 14/9/2017 08:07

Robo.It sure is manipulated by them, I have kept dry powder to buy more if they bring the share price down to get out in a hurry. Time will tell.

[robo175] 14/9/2017 07:54

Yes but its an orderly withdrawal or should I say manipulated.

[matrix25] 14/9/2017 07:51

Short interest now at 8.29% it was 8.7 before.
The Shorters are closing bit by bit.
I wonder how much Short interest we will have on the 21st ? Pay the Divi you B....rds.
GLA.

[glenkaz] 13/9/2017 23:44

I meant "longs" na didn't really! Ha ha ha ha haaaaaa 🤡👍

[glenkaz] 13/9/2017 23:42

I'm real call me the short muncher 💪🤡 I hate shorts! Prefer thongs! Ha ha ha ha ha 🤡✌A039;

[bn56] 13/9/2017 23:22

I can't believe that glenkaz actually exists! He's clearly a badly fitted robot!

[glenkaz] 13/9/2017 22:22

I hear screaming 🔥😱

[woodhawk] 13/9/2017 22:09

I note that JP Morgan have reiterated their overweight position re PFC as of yesterday - target 570p.

"Petrofac Limited using EPIC/TICKER code (LON:PFC) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; today by analysts at JP Morgan Cazenove. Petrofac Limited are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set their target price at 570 GBX on its stock."

The only other note I can find since the two large contract wins is:

"Societe Generale restated a buy rating and issued a GBX 530 ($6.84) price objective on shares of Petrofac Limited in a report on Friday, September 8th"

[glenkaz] 13/9/2017 21:26

🔥😱

[cybernest53] 13/9/2017 21:18

NY... Brent Crude has been around $54 + level for last two days, currently @ $55.16 ~ WTI Crude Oil $49.37!

[ny boy] 13/9/2017 21:07

Oil price approaching $50 again, looks set to finally give these a push north

[glenkaz] 13/9/2017 20:28

🔥😱

[nicebut] 13/9/2017 20:20

Watch it go tomorrow....

[adejuk] 13/9/2017 20:07

i think this may have stopped being a swing trader wet dream

[woodhawk] 13/9/2017 16:59

paa65,

"PFC expects this years revenue to be about $6.6Bn. Which means they consume their order book at a rate of $550m per month."

Rubbish.

"To see a big gain here PFC need to get ahead of their order book curve."

No, they don't.

[w1ndjammer] 13/9/2017 16:19

there will be shed loads of small contracts which do not require an RNS all adds up.

WJ.

[rhatton] 13/9/2017 16:12

There's the Saudi gas plant to come which is sizeable if they were to get that

[rhatton] 13/9/2017 16:11

Yeah this financial year they have won
$1.3 billion Kuwait
$1.0 billion with the samasung JV
$0.7 billion Russia
$0.42 billion turkey
$0.10 billion in Iraq?

Around $3.5 billion this year thus far
Not too bad. Still half the year to go so they could come away with approx $5 billion this year which wouldn't be bad, even more I'd be happy

[paa65] 13/9/2017 16:03

I've been thinking some more about the analysis of pfc order book I posted last week.PFC expects this years revenue to be about $6.6Bn. Which means they consume their order book at a rate of $550m per month.Now, since the May 12th SFO announcement (4 months ago) they have announced about $2.2Bn of new orders (4 months worth).So all they have done is announce enough order wins to keep their order book steady (and hence revenue and profit steady).Far from these new orders being enough to make the shorters burn, they are just what is required to keep the company steady - and hence current share price steady.When the Sansung JV billion dollar order was announced the share price went up 40p.Then when the Turkey and Russian orders totallying a billion dollars were announced last week the share price rose 40p.So, $1Bn needs to be announced every two months. The price rises 40p.But then every day that passes puts pressure on the share price To see a big gain here PFC need to get ahead of their order book curve.Another billion dollar order very soon.Optimistically, looking back at their finances I think they had a $3Bn order once. Here's hoping.

[stoxx67] 13/9/2017 15:06

the vast majority have him filtered, so no one really knows or cares what drivel he posts.

just a slow day for Petrofac as the share price attempts to breach resistance, awaiting next RNS.

[academy1] 13/9/2017 15:02

has everyone left this bb to avoid glenkaz?

[glenkaz] 13/9/2017 09:53

Nice profit at 443 🤡👌

[glenkaz] 13/9/2017 08:07

Come to daddy 🤡✌A039; Ooooooh 😱🔥 Burnt toast!

[glenkaz] 13/9/2017 07:22

Some peeps have nooooooooo sense of humour 🤡✌A039;