Petrofac Share Discussion Threads

[1gw] 15/11/2017 16:10

bouleversee - yes I saw your post. I'm not sure about the value of that contract - it's a gas gathering centre not a big complex processing plant - so it sounds as though it might be mainly putting together pipes and compressors which might not be a huge contract for Petrofac. But if it is a material contract then they will presumably rns it in due course. If Petrofac were to get the contract to build a new plant capable of sweetening and processing all that nasty sour, wet gas, then that might be a more interesting contract, but perhaps it's going to an existing plant.

[lodgeview] 15/11/2017 16:07

Really well upset here. Seeing my money drifting away...!!

[bouleversee] 15/11/2017 15:51

Even I topped up at this ridiculous price.

[garycook] 15/11/2017 15:44

Woody.GFRD worth a look at 1140 ish

[woodhawk] 15/11/2017 15:36

Nice one Gary - beat you by a hair.

[garycook] 15/11/2017 15:28

Me too at 397.94p

[bouleversee] 15/11/2017 15:28

1gw -

Did you read my post 10340? Is that contract too small to count for anything?

[woodhawk] 15/11/2017 15:25

And some more at 397p. That'll do me for the moment.

[1gw] 15/11/2017 15:09

That's me in for some more as well at just under 400p. Could do with a contract announcement or a serious bid rumour ...

[bouleversee] 15/11/2017 15:08

Why should that spook the whole market?

DL suggests wages lagging inflation, presumably with the thought they'll have to go up which would reduce profits in future.

[fuji99] 15/11/2017 15:05

What spooked it ? Could be Mugabe. At 93 he will end up i prison the rest of his life.

[bouleversee] 15/11/2017 15:01

The market is generally down this afternoon. Dunno what spooked it.

[woodhawk] 15/11/2017 14:59

Might go a few pence lower yet? Who knows. I was hoping for 397p, but enthusiasm got the better of me too.

[lab305] 15/11/2017 14:53

Well done Woodhawk. I didn't have the patience and paid 404. Time it turned back up anyway.

[woodhawk] 15/11/2017 14:48

Just nabbed a few at 399p.

[lodgeview] 15/11/2017 14:23

Time for what exactly!!?

[w1ndjammer] 15/11/2017 14:17

soon be time.....

WJ.

[bouleversee] 15/11/2017 14:14

FWIW (Better than nothing):

hxxps://www.hydrocarbonengineering.com/ ... sel-turbo/

"MAN Diesel & Turbo has won an order for nine compressor trains for the state-owned Kuwait Oil Co. (KOC). MAN technology will be deployed in Kuwait's Burgan field, one of the world's largest oilfields. Petrofac has also been contracted by KOC to build the Gas Gathering Center 32, enabling the process accompanying gases and improving the quality of the oil produced."

[lodgeview] 15/11/2017 14:11

PLEASE PFC come on ffs. Thousands down here!

[lodgeview] 15/11/2017 13:56

Terrible this.

[1gw] 14/11/2017 17:34

Disclosed short positions.

A new shorter on the list and an old one going back above the 0.5% threshold on 10th November:

0.61% Rye Bay Capital (hasn't disclosed a Petrofac position before)
0.63% Capeview Capital (last disclosed 0.48% on 4th October)

Rather takes the shine off AQR's steady reductions.

[w1ndjammer] 14/11/2017 09:28

woooosh UEN on the move cheap as chips 2000 bopd

WJ.

[w1ndjammer] 14/11/2017 09:28

ooops double post