Petrofac Share Discussion Threads

[sketchley] 26/6/2019 11:19

Does anyone understand whether the details in the Guardian article mentioned above, are likely to have any knock on implications for PFC ?

[garycook] 26/6/2019 02:59

Woody,Struggling on ! Out of HGM at 206p yesterday.for a tidy sum.

[woodhawk] 26/6/2019 02:46

Hi Gary, looks good - and nice divi if we have to hang around! Been doing well in SCPA (yet again!) and just had another dabble in CARD too. Missed the boat with HGM recently, but you can't win 'em all!! Trust you're doing well?

[garycook] 26/6/2019 02:35

Woody,We should make some nice profit.Minimum 25% upside plus from here.Sold out entirely of PFC at 659p on 02/10/2018.

[notimpressed] 25/6/2019 23:07

if not already posted from the guardian

SFO drops investigation into trio accused of energy industry bribes
Ata Ahsani and his sons formerly owned and controlled Monaco-based firm Unaoil

[pogue] 25/6/2019 17:01

Dont feed the trolls there is a filter button ladies and gentlemen.

So clearly the market was hoping for better results than promised in this fertile environment the company is not going to go bust as far as I can see so it will recover.

To cheer you up here below is a link to a report of the chances of a $5 to $10 oil spike. You may consider this bull porn but the conservative price spike suggested makes me think the person quoted was being sensible rather than sensational.

hxxps://oilprice.com/Geopolitics/Middle-East/Expert-Chances-Of-US-Iran-War-Are-At-Least-50.html
There’s at least a 50-percent chance that the rising tension between the United States and Iran could escalate into a conflict that would disrupt supplies, Fereidun Fesharaki, a former energy advisor in Iran in the 1970s and now chairman at consultancy Facts Global Energy, told CNBC.....
The U.S. had apparently prepared a response to the downed drone with strikes on Iranian targets, before U.S. President Donald Trump stopped a planned strike 10 minutes before it begins, because, he said, it was “not proportionate to shooting down an unmanned drone.”

Had President Trump gone ahead with those strikes, oil prices would have jumped by $5 to $10 a barrel because of the geopolitical risk premium, Fesharaki told CNBC....

[bouleversee] 25/6/2019 16:51

You don't say. Well I suggest you sell short at that price if you are so sure.

[halfpenny] 25/6/2019 16:27

PFC can fall very very quickly....arghh

[halfpenny] 25/6/2019 16:26

Now looks like a disaster FRAUD PROBE CONTINUES.... £3 or less my target price

Oil and gas firm Petrofac today said new orders had slowed because a fraud probe scared off some customers.
New order intake at the FTSE 250 business which builds oil rigs and provides support services was $1.7 billion (£1.3 billion) for the six months ending June, down from $1.8 billion a year earlier.

[scooper72] 25/6/2019 15:10

I've topped up as well with another decent chunk.

[woodhawk] 25/6/2019 14:26

Back into PFC again at 409p. Have done very well from this level twice in the past and hopefully third time lucky!

[wallywoo] 25/6/2019 12:48

did anyone notice halfpenny completely changed his post from:

"going down to £3" to

"£4.50 very likely"

Talk about fickle

[timmy11] 25/6/2019 12:04

though we got rid of all the halfpennies....well there is always one that gets away

[wallywoo] 25/6/2019 12:00

lol halfpenny, it is not corruption they are in trouble for, it is a back handers to the guys giving out these huge contracts. A culture that is endemic to the middle east.

PFC will get their knuckles wrapped but no one else (especially the customers care)

[bouleversee] 25/6/2019 11:05

Go and spend a halfpenny.

[halfpenny] 25/6/2019 11:02

Wow may get solid growth on potential market. If news flows on potential market gains then may move up rapidly.

£4.50 very likely and may be soon.

PFC are restructuring so thats positive news with costs improved.

[wallywoo] 25/6/2019 10:58

topped up too. This is great value IMO. Divi's likely to be good going forward, and the SFO relief rally has to come at some point. The dark cloud has been hanging over pfc for too long

[garycook] 25/6/2019 10:25

Topped up.Good buying oppo.at 410p

[jungmana] 25/6/2019 09:06

O/t check out LEK. Seller all done and too oversold. Recently released a great results rns and imo short term target of 10p there.As always dyor

[fuji99] 25/6/2019 08:55

If and when the SFO investigation is out and in order, the blacklisting by saudi and irak will be lifted. Otherwise this could weigh on the share price for a while as the numbers showed.

[gozzy88] 25/6/2019 08:42

The drop just creates another buying opportunity

[gregpeck7] 25/6/2019 08:35

LEK seller now cleared, down from 20p to 4p, some very healthy returns to now be made.. Turning higher on volume.

[fuji99] 25/6/2019 08:34

Agree OXMAN - However, I think the market anticipates a possible middle east disturbance (Iran instability that can disturb the neighbourhood) which could affect business activity. Also divestment (on-going) of some businesses is not well understood. How this will affect future numbers ? So all these uncertainties may put a break to any share price recovery. Unless positive SFO news arrives and more contracts signed. I still believe PFC is a long term hold in any portfolio.

[warranty] 25/6/2019 08:33

Not exactly an overly positive update, was hoping for better. Still concerned about the Iraq issue over trust which could affect future business, with knock on elsewhere. Can see this back below £4 again before any pick up but certainly until the SFO case is resolved, one way or the other.

[its the oxman] 25/6/2019 08:26

Hit a bit hard today for an in-line statement and with plenty of bidding activity kind of think this should be closer to 500p.