Petrofac Share Discussion Threads

[dubian99] 23/4/2018 20:34

75 fat bucks, more pain for the short scum tomorrow,

[mattcookson] 23/4/2018 20:06

Another contract award imminent, watch the space for another contract win RNS from PFC soon.... onwards and upwards!!

Petrofac and COOEC in race for Kingfisher prize

CNOOC Ltd expected to open commercial bids soon for EPC contracts at Uganda project

UK-listed Petrofac and China’s Offshore Oil Engineering Company (COOEC) are battling it out for a major contract to provide engineering, procurement and construction services for CNOOC Ltd's Kingfisher.

[bwana4] 23/4/2018 12:54

Lodge, good to see you in a positive mood. Don't panic this time and don't moan.😆ԅ18;😂

[lodgeview] 23/4/2018 12:50

What we are seeing here is a short squeeeze and I'm loving it. Nothing better than them shorts being roasted.

[bwana4] 23/4/2018 12:13

I don't usually take much intrest in Broker forcasts. As the share price keeps climbing up so will their forcasts.
This share is a 100% hold. POO going up. The Oil Co,s will invest more. More contract wins for PFC.A very good Divi from PFC as well. To sell now would be very foolish.
Traders come and go. Mr.5% or 10% are plenty in here.
Patience is needed here. If you are nervous then put a stoplosse on it.
£7/£8 are not far out of reach here. AIMHO. DYOR.
PFC is the best preforming share in my portfolio.
GLA.

[d1nga] 23/4/2018 11:02

goldman new price target 674p

[bwana4] 23/4/2018 10:46

Well, we have broken the £6 resistance and holding above it. £6.50 New target,also the Divi to look forward to. Shorters have to buy 6.41 % to get out LOL. :0)
😈 Up..Up and away. Just need a good RNS to put the sqeez on the Shorts. I love it.😂😆;

[wad collector] 23/4/2018 10:42

Looks like that big CEO buy last month was an indicator of where the share price is going. He is already up about £3M just on that trade.

[garycook] 21/4/2018 07:37

Shorts reduced a little bit.Now 6.41% But with PFC going XD on 26/04.Then there could/should be more reductions.Disclosed positions in PETROFAC LTD (PFC)


Fund % short change Date changed
AKO Capital LLP for AKO Master Fund Limited 1.24% 0.13% 11 Apr 2018
AQR Capital Management, LLC 2.28% -0.02% 17 Apr 2018
BlackRock Investment Management (UK) Limited 0.97% -0.10% 3 Apr 2018
CapeView Capital LLP 0.58% -0.06% 17 Apr 2018
OLD MUTUAL GLOBAL INVESTORS (UK) LTD 0.82% 0.22% 12 Apr 2018
RYE BAY CAPITAL LLP 0.52% -0.11% 22 Mar 2018
Total 6.41%

[matrix25] 21/4/2018 05:03

The Shorts have done their best to try and hold this below £6.
Next week they can pay the divi and also start to buy shares to close their shorts.
Next week should be very interesting indeed.
GLA.
Bwana.

[garycook] 21/4/2018 03:21

W,Here,s to that.Yes hitting new recovery highs now.So totally agree,it should be interesting from here.

[wolfhound1] 21/4/2018 00:37

My target for nexr week is 650p

From current levels I don't foresee any resistance all the way up to 800p+

I look forward to what will hopefully be a raft of RNS in coming weeks and months ahead and who knows maybe the rising oil price might flush out any bidder before they have to pay double current price : )

GLA

Gla

[1gw] 20/4/2018 20:41

Close enough...

[paa65] 20/4/2018 13:58

Looking like 600p this afternoon

[fishking1] 20/4/2018 12:31

So 700p before outcome.

[killman2] 20/4/2018 11:59

...or bust

[killman2] 20/4/2018 11:32

Boom........

[dubian99] 19/4/2018 12:48

Their balls are being crushed (shorters ) no mistake, did they see $75 oil in April nope, did they see Saudis aiming at $80 oil nope, did they see $1.4 b contracts maybe, $10 m buy in's nope, without being oversold fundamentally,

[dubian99] 19/4/2018 12:35

Mmmm what you goona do now schmuks, poo just turned, are your short balls trapped oooooh, I'm in

[dubian99] 19/4/2018 12:05

Poo still up $1 since yesterday close and the fker nearly collapses on 0.30 retrace,
Sorry just spouting my usual angst,
It's city spivs etc.. I know

[ny boy] 19/4/2018 09:30

Excellent move from 400p, broken through 570p resistance nearly into blue skies, ex div next Thursday 26 April

[matrix25] 19/4/2018 08:45

Well, the share price has cut through the £5.60 anf £5.80 resistance points like a knife throuh butter.Lets see if it does the same through £6 today.I think it may.

Wolf, totally agree with the four points you make above.
A nice Divi to collect in a few days. What is there not to like about PFC ?
GLA.
Bwana.

[wolfhound1] 18/4/2018 14:07

650p in the short term is definetly do-able, I suspect many will reinvest the div so that will add further buys. Post that I can see an onward push to about 850p with possible following array of catalysts :

a) further RNS on business wins

B) SFO announcement i.e. no case to answer

C) any amnouncement of a share buy back programme

d) closing of reported shorts/ bid approach.

[garycook] 18/4/2018 14:03

Target has to be £8.