Petrofac Share Discussion Threads

[foot in mouth] 21/6/2018 08:45

Come on pfc, we've not had a proper contract win in ages!!

[callmebwana] 21/6/2018 08:20

Good morning all.
China threatens to put tariffs on US oil exports. ( The US produces more oil then Saudi Arabia at the moment ). A lot of this oil is exported to China by the USA.
LOL, all this politics is playing the oil price. Donald Trump has thrown a spanner in the works again. Nothing unusual there then !
Good article to read on Google Finance.

Notimpressed.

Your above posting says these figures are for 2010-15.You are reading very old news then ?? That must be a very very old article ?
GLA.

[notimpressed] 20/6/2018 20:48

from hl report

In the second half of this decade total capital expenditure by the large oil and gas groups is projected to fall by almost 50 per cent to $443.5bn from $875.1bn between 2010-15, according to Norwegian consultancy Rystad Energy.

not good for the oil service ndustries

[pogue] 18/6/2018 16:50

To be honest I don't know its not something I am too worried about I am trading on the oil price rise. The reason I say its in the price is because the graph of the run up here fits with other oil based companies so I am thinking due to the lack of newsflow on the SFO investigation it is still in the price from the initial drop, maybe less as time is moving on and there has been no negative news for a while. My gut feel here is that the initial price drop was too much and based on a worst case scenario I could be wrong but I am willing to gamble what I have left in here on that, I do think there will be a fine however. If I am wrong I have taken enough off the table to ensure I can take a large price drop and not lose.

[notimpressed] 18/6/2018 15:24

pogue, what is your guestimate attributable
to the investigation, given that prior, with the POO
around $55-60 pfc were trading over 800p

[ny boy] 18/6/2018 14:42

560p is important level, now a resistance level, was acting as support, needs to start close over 560p soon, to keep the positive momentum going.

Still in the meantime,at least (EQT) is cranking up!

[bouleversee] 18/6/2018 14:09

FWIW: "Morgan Stanley today reaffirms its underweight investment rating on Petrofac Ltd (LON:PFC) and cut its price target to 650p (from 720p)" (from Investegate).

[pogue] 18/6/2018 10:45

and now the price is recovering as a compromise agreement seems to be coming in OPEC where production is not increased as much as expected. Not a complicated share this only complication is the fine or no fine issue which is priced in for just now and there is no news so its not effecting the price. Always happy to hear reasoned alternative views.

[pogue] 18/6/2018 09:39

or alternatively oil price going down depends on how you look at things, faceless individauls who work in mysterious ways or obvious trends in the market.

[notimpressed] 18/6/2018 08:24

achtung, short attack, take cover

[bouleversee] 15/6/2018 11:40

There should be a board for general tips. This wastes precious time.

[callmebwana] 15/6/2018 09:17

O/T, XLM on the uptrend.DYOR, NAI.

[notimpressed] 14/6/2018 20:13

cheers i was only jesting, i don't do the deep analysis stuff
just try to watch general trends and look at what spanners
the politician's are throwing into the mix.

[callmebwana] 14/6/2018 17:22

Notimpressed,LOL, no I am to old for that sort of thing. I was just studying the TA chart of PFC when all those green candels shot up on the chart.I should refrain from posting my thoughts on here. I do use TA. It is another tool to help me in my trading.
The RSI is always a good indicator. Over 70 is overbought and under 30 is oversold.
Ah well, the share price ended in the green.
GLA.

[notimpressed] 14/6/2018 15:05

callmebawana, have you been on the glue?

[callmebwana] 14/6/2018 14:11

The share price has shot up. On the daily chart there is a green candel trading outside the Bollinger Bands, also the RSI has hit 70. Can the share price hold on?
Will,just have to wait and see.
Little gravestone Doji at the top and down we start. These Algos know their stuff. LOL.

[scooper72] 14/6/2018 10:38

Yes. Been in and out over last 10 months or so. But went into big last time around 170 and lost a few k. As I sold on the way down. Bought 5k at 103p so having another go, but will be more careful this time round I hope.

[callmebwana] 14/6/2018 10:25

No Scooper, I bought SCH,FFX a while back.I see you sold out in XLM. I hope not to much of lose.I bought some more yesterday.

[scooper72] 14/6/2018 10:14

Did u buy any of Ayden or do u think u might?

[callmebwana] 14/6/2018 10:07

O/T.
Wolf...Scooper, Adyen the Dutch Co was on IPO today. The share price has doubled on IPO.
PAYES was touted as a merger between the two at one time.
The shares in Ayden are trading over 500 Euros now.Makes you feel sick ! :o(

Scooper yes PI,s are often caught in catch 22 at times. Sell and the price of oil goes up,big contract RNS lands from PFC. What to do ?
Apologies in advance re O/T.
GLA.

[scooper72] 14/6/2018 09:47

It's now just under the lowest point it got to in May. Wondering whether to bail out and come back in, sell two thirds and take most of my profit, or just leave it all long...decisions

[pogue] 14/6/2018 09:15

wetdean
There maybe shorters, not saying there are not, but if your company's main income is oil shorting this company is a good proxy to shorting oil. I bought in heavily here and in many other oil stocks well before the oil price run up as I was betting on oil price rising as usual, its a very cyclic commodity. I have sold out of all AIM ones now but have keep a fair few here due to the divi as I am happy to wait it out with a good income stream others like ROR with a poor divi I sold. I am not sure of where oil price is going in the short term too many variables but I think down is most likely but not far hence comfortable holding if I see it dropping dramatically I will bail out here as well.

[d1nga] 14/6/2018 09:14

oil off 5% from about 80$

pfc off about 17% from 650 ish

sfo continues to hold this back , no case to answer it flies , small fine it goes up , large fine it gets hammered take your pick

still no charges brought by sfo to anyone involved with the allegations , time moves on

[fidgas] 14/6/2018 09:12

Shorts reduced to 8.07%...