Petrofac Share Discussion Threads

[pogue] 14/5/2019 21:38

notimpressed
I make money on shares by guessing trends. I see a trend upwards in oil and can see the possible sparks that may lift it. I cannot stop it all I can do is speculate. Have you sold out of your PFC shares at the thought of them going up if a war starts? If not then you will profit as well, welcome to my side.

[bouleversee] 14/5/2019 18:24

My thoughts exactly. I'd rather lose my money than make a profit that way.

[notimpressed] 14/5/2019 18:02

pogue I assume you dont make investment decisions
based on an ethical and moral perspective

[pogue] 14/5/2019 15:54

yup good timing looks like Iran has started to hit oil infrastructure ratcheting up the oil price. Now if they could take out a refinery there would be a nice little contract for the rebuild there lol A tanker in the straits on fire though would be good enough for a spike.

[scooper72] 14/5/2019 11:12

Sold all the way down and just started buying back in.

[halfpenny] 14/5/2019 10:38

Wow still looking extremely risky, BAD news can be negative with large falls below £4.

Lets see how low below £4

[sunnybeachboy] 13/5/2019 10:10

Taken a few

[pogue] 10/5/2019 12:20

Oil bouncing today despite Trump's imposition of increased tariffs could be the bottom of the oil price fall so much news about decreasing exports from all the usual failing states must start kicking in soon. Next big event is OPEC+ meeting 25th June where they will decide if they maintain the cuts they imposed. Unless Trump has a bad burger for dinner and is up all night on Twitter.

[scooper72] 10/5/2019 01:38

Sold most of my remaining holding a week or so ago. But judging by previous dips in the last year or so around 400p has not been a bad place to start buying. Might sell my K3C and a couple of other subdued holdings soon at a loss and see if PFC can help meet the short fall.

[sunnybeachboy] 09/5/2019 14:14

In the buy zone imo

[halfpenny] 09/5/2019 13:07

I would wait for further news as i mentioned it take two or more to Tango!!
Bad news will wipe out more value so lets see as its still very Risky to me....

[11_percent] 09/5/2019 11:28

Getting close to "buy" territory.

[halfpenny] 09/5/2019 08:43

Still very Risky and more likely to drop below £4 and heading to £3.5.
More bad news may result in greater falls.

[sprocket man] 08/5/2019 16:18

I think it's the news of US oil invetories.
hxxps://uk.investing.com/news/commodities-news/us-crude-oil-inventories-fell-by-396m-barrels-last-week-eia-1505585

[bouleversee] 08/5/2019 16:04

Am thankful for small mercies. Pretty well everything I own is down today.

[wolfhound1] 08/5/2019 15:44

Someone or something pushing it up late in day...news ?

[knowing] 08/5/2019 13:06

It's getting tempting at these levels. On the other hand SIA is ex divi tomorrow so may jump in there first.

[pogue] 08/5/2019 10:55

considering Brent is down over 2% it is a fair bet its going down today. Not sure why the company should comment on the drop in oil price mind you. Maybe they are waiting to see if Wood Group issue one because their share price has been falling because of the oil price as well? Never seen one like that but you never know.

[notimpressed] 08/5/2019 10:14

has it stabilised or just pausing for breath?

[ny boy] 07/5/2019 14:50

Looks like heading for 400p support, silence from the Company is a concern.

[pogue] 07/5/2019 13:35

I see Trump has screwed up a good news day for oil by Tweeting, he makes trading oil shares v difficult everything was going up nicely yesterday jeez. Nigerian outages, Venezuela uncertainty, Iranian Gulf crisis brewing, end of sanction waivers, Libya at war again then he goes and annoys the Chinese by claiming they are backtracking on a trade deal. A less trusting soul would think he was doing the latter just keep oil down to win votes. Good article highlighting the main points...

hxxps://oilprice.com/Geopolitics/Middle-East/Trumps-Dangerous-Oil-Price-Game.html
Trump’s trade war may have depressed oil prices at the start of the week, but the U.S.’ decision to send warships to the Middle East is an ominous sign of a potential escalation in conflict with Iran. The oil market seesawed on Monday as traders tried to balance these two sources of instability....

[halfpenny] 07/5/2019 12:00

Last major drop in Feb, do we think bad news will flow by June?? Still Risky and falling to £4 support level.... arghh

[ipw] 06/5/2019 13:07

Def turnoff all reminders, they become very time consuming and annoying especially when includes those filtered.

[pogue] 06/5/2019 11:18

Turn off the reminders I have never used them, life is too short to follow every post on ADVFN