Petrofac Share Discussion Threads

[callmebwana] 30/11/2017 09:33

LOL. :0)
One can but hope! It was just the price action yesterday afternoon, that is all.
I am way overweight with PFC in my portfolio. With plenty of patience as well.
Have a good day all.

[fuji99] 30/11/2017 06:55

Sometimes even Mystic Meg gets it right ...

[notimpressed] 29/11/2017 19:27

callmebwana, mystic meg knows all

[callmebwana] 29/11/2017 16:34

I think something is brewing ! Call it a gut feeling. See what tomorrow brings.
An RNS perhaps of a contract win ? Maybe Shorter's reducing ?

[ny boy] 29/11/2017 16:12

Bear trap earlier, many keep getting mugged, others are buying dips ahead of takeover, speculation is increasing.

[paa65] 29/11/2017 15:47

If this is a bull trap then it is looking very convincing atm

[fuji99] 29/11/2017 15:38

Maybe some do not want to be left behind when comes the weekend.

[w1ndjammer] 29/11/2017 15:16

fuji

i have been here a lot longer than you, looks like you just popped across from BOO
in the hope of making a few quid.

i took a large position and got the divi and would have been happy to hold
if the share price would behave itself, now i am trading it sometimes only holding for a few hours and making more money. if it settles in a up trend i will be happy to keep the money in

by the way nothing i say on here is going to effect the share price they are only obsevations

WJ.

[fuji99] 29/11/2017 12:55

You're right Noujay because if any positive takes us by surprise by an uncontrollable upward spike for any reason, I don't want to bang my head against the wall in guilt and greed for a few pennies more so I also added 10.000 shares (5k + 5k).

[noujay] 29/11/2017 12:49

Looks to be a decent entry point at the moment here. Doesn't even need a bid really, it hasn't become a dog overnight. Contracts/orders weighted to H2, SFO isn't going to kill it, Nod would be nice. Just taken a few see what happens over the next few weeks. GLA

[w1ndjammer] 29/11/2017 12:47

i think we will need to see sub 400p before the next rumor surfaces :-))

WJ.

[w1ndjammer] 29/11/2017 12:47

i think we will need to see sub 400p before the next rumor surfaces :-))

WJ.

[fuji99] 29/11/2017 09:37

lodgeview - Don't worry as the next announcement will be either a new big contract, a positive outcome from the SFO, a Bid or all the THREE ... Just a bit of patience is required here. The few handful PI's selling a few shares because they are influenced by the shorters will not make any difference to the big spike up when the announcement arrives.

[woodhawk] 29/11/2017 09:34

lodgeview,

How about you stop whining? Either sell up and move on or wait for the recovery or takeover.

[lodgeview] 29/11/2017 09:19

This is worrying. No new contracts announced. Not sure what to do here.

[callmebwana] 29/11/2017 09:17

Good morning all.
Short on PFC @8.66% showing this morning. It was around 7.5% before I went away three months ago. So in effect the Shorter's have gone up by 1% during that time.

Good posts Lady.
ATB.

[bouleversee] 29/11/2017 07:39

This is not a ramp for RPC but as you may know, that company was very heavily shorted and the share price went down a lot at one point, the rationale being that they had taken over more companies than they could successfully integrate. Today, they published the following trading update, which looks pretty good to me. Its share price went up yesterday; it will be interesting to see what it does today. I'm only mentioning this to illustrate that the shorters don't always get it right. Let's hope they are equally wrong about PFC.

[bouleversee] 29/11/2017 07:03

"Petrofac has been named a top engineering, procurement and construction (EPC) contractor by MEED (formerly Middle East Economic Digest).
It was tied for first place with Saipem and JGC Corporation in MEED’s annual survey of the value of EPC contract awards in the Middle East and North Africa (MENA) hydrocarbon sector."


... r-by-meed/

[cybernest53] 29/11/2017 01:17

I always thought hot air rises... just sayin'! ;)

[bouleversee] 28/11/2017 16:20

I wouldn't dare try.

[paa65] 28/11/2017 15:43

I was expecting a big drop today on the way down to about 400 in a few days.And having had a quiet morning with low volumes I expected the price action to happen in the afternoon.But so far it has been very resilient.Just shows the dangers of trying to make a short term call on up or down

[bouleversee] 28/11/2017 14:40

paa65 - Why were you expecting the steep drop, which has indeed happened?

[paa65] 28/11/2017 14:30

Last chance to sell in the 430s for a while. Expecting a steep drop this afternoon

[binarypilot] 28/11/2017 12:24

14 billion dollars worth of orders can be bought here for prob 2 billion pounds.


A good deal for someone....