Petrofac Share Discussion Threads

[11_percent] 26/9/2017 18:28

VK74 has a point.

The shorterrs not only short, but play it up and down.

[11_percent] 26/9/2017 18:26

Cinq,

No idea, could be setting up for a further fall......these guys think in round numbers.

[stoxx67] 26/9/2017 18:26

Mystic VK74

PMSL

[vk74] 26/9/2017 18:24

Oh good stuff. Tomorrow will go further down and it will be below 440 getting to my super buy target of 430. No analysis what so ever... It's just my gut feeling. Like last time but I missed it because of my stag..

[cinquepercento] 26/9/2017 17:11

11 percent:

Re:450 because that is where the shorters want it:

What are the shorter's reason for wanting this stuck at 450?

[cinquepercento] 26/9/2017 17:06

Bouleversee.

I agree with you.
The share price will go up and down when the shorters,the traders and the big players want it to because this is how they make their money.

[11_percent] 26/9/2017 17:05

Cinquepercento
26 Sep '17 - 16:25 - 9754 of 9757    0   0
It is strange how it is stuck at 450 or so.
=======

Its where the shorters want it.

[rhatton] 26/9/2017 17:01

AQR started reducing a little bit now

[bouleversee] 26/9/2017 16:57

It just goes to show that the share price has nothing to do with the intrinsic value of the company and everything to do with traders and algorithms manipulating the market.

[adejuk] 26/9/2017 16:36

boycott's 'zone of uncertainty' ?
:-)

[cinquepercento] 26/9/2017 16:25

It is strange how it is stuck at 450 or so.

[adejuk] 26/9/2017 16:10

i hope to be a happy bunny having bought back 15k at 450.9

[cinquepercento] 26/9/2017 15:16

Yes,Cybernest53,
I like the odds at the moment. :)

[cybernest53] 26/9/2017 14:59

Lay your bets folks.... Woodhawk @ 1/2 5% & VK @ 3/1 :)

[cinquepercento] 26/9/2017 13:57

Now,then,Woodhawk,

Let's just see if VK74 and I are correct in that we expect the price to drop down to 440 or less over the next day or so.

If we get it wrong ,then you can point this out to us soon.

[garycook] 26/9/2017 13:55

Shares in oil services company Petrofac (LSE: PFC) have fallen by around 45% year-to-date as the company has lurched from one problem to another. However, despite the issues overhanging the company, I believe that the shares could be a great buy at current levels.
Under investigation

Petrofac is currently under investigation by the SFO regarding allocations of bribery. Specifically, the SFO announced in May that it would investigate allegations that the firm used scandal-hit Unaoil as a middleman to secure consultancy contracts worth an estimated $2bn. Chief executive Ayman Asfari and chief operating officer Marwan Chedid have been questioned as part of the ongoing probe, and Mr Chedid has since been suspended.

Still, despite this overhang, during the past few months, the company has continued to win work from customers. The latest piece of work is a contract worth more than $700m with Sakhalin Energy Investment Company Ltd for its onshore processing facility on Sakhalin Island.
Pushing ahead

The fact that Petrofac continues to win work indicates to me that it’s business as usual at the group and despite the SFO probe, the company’s customers seem to continue to believe that it is an excellent partner to work with.

And that’s why I’d buy the stock for its yield today. With work still coming in, the company is not going to collapse overnight, and the shares look cheap compared to current earnings potential.

Right now the shares are trading at a lowly forward P/E of 5.8, which implies to me that there’s already plenty of bad news baked into the stock. Meanwhile, the shares support a dividend yield of 7.1%, and the payout is covered twice by earnings per share.

With its discount valuation and high-single-digit yield, I believe Petrofac is a highly attractive value and income investment.

[linton5] 26/9/2017 13:46

A wee write up on motley fool today regarding pfc

[woodhawk] 26/9/2017 13:34

Where do you get these rules?

"It has to now retest the resistance of 463.59 or so at least one more time."

If the market was as predictable as you seem to think it is, we'd all be rich!! Doh.

[cinquepercento] 26/9/2017 13:01

I agree with VK74 in as much as it has come straight up from 428.50 or so to 463.59.

It has to now retest the resistance of 463.59 or so at least one more time.

If it fails to break through,then I am expecting it to drift back down to 440 or less so I have not attempted to get back in today.

Profit-taking, if nothing else, should push this back down again.

This is,of course just my take on the situation.

I think that there is more chance of this going down than up right now but we will see,maybe as early as today.

[vk74] 26/9/2017 13:01

Down down down. And then up again. This is how people make money. The company is sound with many contracts. I am hoping and looking for opportunities.

[bouleversee] 26/9/2017 12:43

It usually tends to go down at lunchtime but doubt if it will get that low and feel sure it will be up again after lunch.

[ob1234] 26/9/2017 12:39

I dont understand why people expect this to go down now pfff.
1. Oil prices are up.
2. North Korea conflict in favor of oil prices.
3. The share prices tested the 465 twice this morning which is a good sign that it will probably break this soon.

Any news about contract win will send this high to 490 I believe. I dont see why it will go back down again (for now)

[vk74] 26/9/2017 12:31

We if it goes to 430 I will be in with 40000 shares.

[stoxx67] 26/9/2017 12:17

i certainly hope we do not see 430 again.

technical position suggests not, all things remaining equal.

[vk74] 26/9/2017 12:12

Yes but it will go down again so we can buy again. 430 please