Petrofac Share Discussion Threads

[fuji99] 05/2/2018 08:36

The only "news" contained in that RNS is to tell us there won't let us know anything about the outcome. Basically they told us - "This is the news to let you know there won't be any news". This is my blind interpretation ! I have never seen such stupidity and un-professionalism in PR in my life.

[midasx] 05/2/2018 08:31

The company have aided the shorters at a particularly volatile time for the market in general.

WHY??

[cinquepercento] 05/2/2018 08:28

I have bought this down to 505 so far,this morning but I think that 497 is a possibility.

I have put on my aqualung and my diving weights so that I can follow this down .
I hope that I have enough air (money) in my tanks to follow this to the bottom.

I can hear the song from the Titanic in my ears as I descend.

[fishking1] 05/2/2018 08:22

It's going deep

[fuji99] 05/2/2018 08:14

Not happy with this statement at all:
"No further comment will be made on the basis that this may prejudice an ongoing investigation - This is OK - but. WE ALSO DO NOT ANTICIPATE providing further updates on this matter."
Why no further update ? Do they mean they don't give a damn about both the shareholders and the share price which is going to probably re-visit £3 ?
Instead of talking about re-assurance, they tell us just to forget it and about any news regardless of the outcome. A great consideration for PI's ! Astonished and amazed !

[midasx] 05/2/2018 07:36

We would just like to remind you that as part of the investigation the SFO will be asking us questions and asking to see documentation !

I'll go tu foot of our stairs!

[midasx] 05/2/2018 07:33

And the company has to pay money to release it?

[spob] 05/2/2018 07:29

yes there is nothing new in that pointless RNS

[midasx] 05/2/2018 07:24

One has to question the purpose of that RNS that basically says nothing of any value?

Also why release it at a time when the powers that be have decided a market correction is due ?

[cinquepercento] 02/2/2018 14:44

Yes,Garycook,I meant to type 528.80.

[garycook] 02/2/2018 12:50

5%,You mean 528.80 correct ?

[cinquepercento] 02/2/2018 12:14

A low of 528.80 so far today. :-)

[cinquepercento] 02/2/2018 07:21

Garycook,

Yes,538 close and 520.15 is the low so far.

Let's see what happens this morning.

[garycook] 02/2/2018 04:02

Yes PFC bounced off 520.15.That was your turn to buy back in.Now 538,and outperforming the market.Tells its own story.

[cinquepercento] 31/1/2018 07:34

Donsan,

Good luck with your 520 buy price target.

No one here,really knows for sure where this will reverse which is why a lot of us buy it at intervals on the way down.

I have often been wrong about my expectations of up or down for this share so maybe this time I will be right.

Petrofac reached a low of 520.15 earlier today.

[donsan] 30/1/2018 21:39

cheers 5%, you seem to know your stuff unlike the mzungu, will wait til this is sub 520p before purchasing, GL

el Don

[cinquepercento] 30/1/2018 10:20

Callmebwana,

I have bought some at 532 and at 524.8.

I will buy more on the way down as I think that this could go as low as 497 to 500.

[bouleversee] 30/1/2018 09:51

Gregpeck7 -

Are you on the wrong board by any chance? How does any of that relate to PFC?

[callmebwana] 30/1/2018 09:44

Mr5%.
The Shorts have already made their profits when the share price fell from £9.
They are hanging on like leeches, they want more blood.
AQR went short just a few days before the SFO made their announcement !
Now they are reducing every few days. So how come they went short just a few days before the SFO announcement ?? Go figure? This Stock Market is full of crooks mate.
Well there is a silver lining around the cloud.They will have to pay the dividend.
Did you manage to buy at £5.29 ?? We could also end the day in Blue to.

[cinquepercento] 30/1/2018 09:30

Callmebwana,

The next upward target will to break through the 600 resistance.

We have the dividend motivation to buy or hold coming up.

We just need another good contract announcement which should be on its way soon as the price of oil will bring this on.

If you think about it,if this drop is the work of the shorters,once they place their bets,they must be absolutely desperate to make the share price go down as they risk losing their shirts or do they hedge against this in some way?

[gregpeck7] 30/1/2018 09:29

Uen is where it's atNeftanik should take a lookLooks to me like this is all set for another excellent day. MM's appear to be short on shares, there have been some people trying to trade this I am sure, they are about to get locked out tomorrow morning and will add further upward momentum.At 13m quid its hard to see a downside. The problem was always "getting noticed"... Finally it appears UEN is getting noticed.There are only around 4 - 5 million shares available to the market. This on its own means there is very little available for large chunks.This will keep rising,Here is why.This ticks every box:Excellent revenue.Rejected takeover at 250p per shareDebt wiped shortlyDividend. (5p per share paid in November)Proved reserves.2200 bopd production.Bod have plenty of skin in the game.Cpr due.Drilling underway on high cos prospect.Very small free float of shares.Few shares in issue.Well underpinned at a mcap far exceeding what we're currently at.Exponential upside.Not on the radar....YET!Fabulous entry pointOwn their own refinery - 30 million US conservative valuation on its ownUEN oil sold at a PREMIUM to brentBrent crude now over 70 USD a barrel

[callmebwana] 30/1/2018 09:28

Mr.5%.
The $ has lost value.PFC reports in $$'s.Oil price is also down !
There are many reasons for the share price to fall.
PFC share price is a rubber ball. Watch it bounce back up in a few days.

[callmebwana] 30/1/2018 09:12

The Chart could end up forming an inverted head and shoulders in a week or so as well.
Look what happened the last time when that formed .
Nothing much has changed with PFC.
The Ecuador Refinery news has yet to come. Low volume days at the moment.
Shorts having fun !!
One Day RSI is at 25.4. Under 30 is oversold.Also trading outside the Bollinger Bands. Topping up time ?
At the moment we seem to be playing snakes and ladders. One good RNS and this will break £6. AIMHO.
Share price of PFC just following Oil price at the moment.
RSI at 20.74 now. LOL.
GLA.

[binarypilot] 30/1/2018 07:37

Looks like a Batman pattern appearing on the chart which is a bit worrying...