Petrofac Share Discussion Threads

[cinquepercento] 18/12/2018 08:42

Yes,Fuji99, the oil prices seem to be the culprit.

[fuji99] 18/12/2018 08:33

Cinquepercento - Every oil services company chart has a similar trend from, as you rightly spotted, early October. A total free fall. Possibly coincided with the drop in oil prices ?

[cinquepercento] 18/12/2018 08:20

Riviera:RE:oil prices 1st October:

Thanks for checking.

Fuji99,MidasX and EdmondJ

It is a nice trading update.

It will be interesting to see what price we see on this today but oil price down to ...58.48 at the moment.

[edmondj] 18/12/2018 08:11

The business is certainly resilient; backlog sustained at $10.2 billion; can the stock buck currently weak sentiment in the oil market though?

[fuji99] 18/12/2018 08:09

Excellent update in the midst of hard times ! A good achievement for PFC.

[midasx] 18/12/2018 07:56

Good trading update with net down to $250 million.

Expectation of multiple new contracts in the new year.

[riviera1069] 17/12/2018 17:29

Look at price of oil chart from 1st October 2018.Looking to get in after trading update in the morning. Gl

[cinquepercento] 17/12/2018 16:36

Fuji99:


Re:HTG :Hunting PlC?

I read the RNS re:end of year trading statement:
I see what you mean,in that it does not look good.


It seems to me that Hunting PlC has been coming down in a more or less straight line from around 820,commencing around 1st October this year.
It seems that Petrofac has been coming down in a more or less straight line from around 660,also,commencing around the 1st of October, so what happened on the 1st October?

[cinquepercento] 17/12/2018 16:19

Fuji99: Re:Check out HTG Treatment

I will do that,fuji99.

Thank you.

[fuji99] 17/12/2018 15:27

Cinquepercento - I am rather more worried by what PFC will say tomorrow. The market seems to respond with a harsh punishment to anything misplaced or any detail showing a slight doubt. Check out HTG treatment following its trading update today.

[cinquepercento] 17/12/2018 14:59

Fuji99: re:unpredictable:

What you say makes sense:

Oil price seems to be stuck at around $60 for now.

I just bought some more at around 444 So we will see how low it goes before a little bounce back.

[fuji99] 17/12/2018 13:19

Cinquepercento - With this market behaving in such unpredictable way, it is difficult to figure out any outcome for any type of update. So IMO, although I am invested in PFC for a while now, I usually don't touch any stock before an update or results to add for example. Asos was the terrible example today.

[cinquepercento] 17/12/2018 12:44

Fuji99,

I am thinking, 455 to 456 recovery then on down to 440 ?

[fuji99] 17/12/2018 11:10

So far two trading updates (HTG and WG.)in similar sector were negatively seen by the market. For PFC, if it gives some hints of positive news on the investigation it could rise otherwise could it be like the others ? We shall see.

[midasx] 17/12/2018 10:31

Trading update tomorrow, they got it below 450 was that the target?

[riviera1069] 15/12/2018 00:44

Also trading update next week. Could move things higher or be a Bwana skin.

[riviera1069] 14/12/2018 15:24

460 seems to be holding. Without any contract news or SFO updates I just see this going with POO and the market. Which currently is drifting down

[bwana4] 13/12/2018 20:58

Over a 100% profit in AAZ. I MENTIONED it on here a while back.
The only person that took any intrest was Pogue. It was @ 42 P now today at 91 P.
some whinging people moaned about O/T. Lol me and Pogue are laughing at the small minded comlainers.
I got out of PFC @ £6.50. Bought AAZ from 34P. Best miner of Gold. A pure hedge against
this Market, I just mentioned after a long reserch.
what did I get!! Keep it to PFC😈.
😁 what!!! I more than doubled my money.
Is this not supposed to be the motto of investing? To gain money.
I hold over 200K shares in AAZ NOW.Watch it go over £1.20 in the near future.
Keep it to PFC ??? WHY???
Just because some fall in love with a share.
Oh by the way, politics should not be discussed on this BB. Why? Because it upsets some!! 😂 LOL. Who is laughing now?
Good luck anyway.Iven Morons deserve luck.😂ԅ15;😅😄;😆.

[wolfhound1] 13/12/2018 17:25

Democrats in from Jan, Donny will be fighting a rearguard action onshore and focus will be domestic issues, He wont want a fight on two fronts so I suspect US-China hostilities might now subside and that will be good news for stocks and PFC into 2019.........

He may now let price at the pump (pap) rise and blame the democrats( with a little help from his friends)..... he will need something core to his voting platform to keep the blame rhetoric rolling

[riviera1069] 13/12/2018 13:39

Still see 440 but maybe that's hoping.

[wolfhound1] 12/12/2018 16:01

I can see this breaking out past the 500p levell inside a few days and then onwards and upwards

GLA

[cinquepercento] 12/12/2018 14:56

Riviera: Re: this will drop back again:

I tend to agree with you, and I am thinking that it will peak this time, at around 490 then drop back but this is just my best guess.

[riviera1069] 12/12/2018 14:07

Yep. Going quite well at the moment.Still think this will drop back again with all the volatility.As I say I nearly bought low 450s so would have sold mid 470s for a quick trade.