Petrofac Share Discussion Threads

[1cripes] 18/3/2020 13:48

Probably not as their debt is relatively low. But some with higher debt in the sector might.

[asusasus] 18/3/2020 12:54

Are these going to go bust?

[fuji99] 18/3/2020 11:40

PFC is also a good hold for steady decent dividends over the long term.

[d1nga] 18/3/2020 10:54

Oil may have just bottomed, Russia starting to blink in the game of poker with SA


Eta spoke too soon SA response was to increase Aramco production.

[markbelluk] 18/3/2020 09:01

Yes from the total above 0.5%. The issue is we dont know the additional movement, if any, below 0.5%, unless someone has a pro subscription link Infront etc, but even then when I had one it wasnt accurate. Euroclear is precise, giving total borrowed stock, but trails by previous month end...

My very general rule of thumb to gauge a total short position was to double that above 0.5%

[1gw] 18/3/2020 08:28

markbelluk - but that's due to Citadel going from 0.6% declared short to 0.49% isn't it? So actually only a reduction of 0.11% but the entire 0.6% disappears from the total declared position because it is now below the 0.5% threshold.

[markbelluk] 18/3/2020 08:03

Shorts Reducing

The level of disclosed Short Interest in PFC has changed materially.
Short Interest has moved from 6.85% on the previous trading day to 6.27% today. That is a movement of -0.58 percentage points.

This data is taken from the FCA and comprises all disclosed short positions above the 0.5% reporting threshold requirement.

[pogue] 18/3/2020 07:45

Wolfhound
the only agreement between Russia and Saudi will be to increase production, Russia called this war just a week or two ago to wipe out US shale that is not going to happen overnight so no production decreases imminent. You will know when an agreement is near when you hear of significant US shale bankruptcies.

edit decreases not increases doh

[wolfhound1] 18/3/2020 00:09

It looks like criminal court cases will be impacted due to coronavirus with conversations due to take place tomorrow.

Re shorters - bear in mind if they are still short in 20 (?) April they will have a divi to cover so I suspect we will see them take profits at these levels, plus if case were to be dropped or plea bargained then they could get caught on the hop.

Oil price, with the volatility in the market the shale producers that have been running on debt just heard the debt knell. The cost of borrowing going forward for them will be junk bond level of interest rates even with Fed rates on the floor.

Iran is suffering heavy from corona, so will have limited impact. Saudi and Russia could xome to an agreement yet just before/after ramped up production actually is due to commence.... I am pretty sure Saudi will be adding loads of stocks at these low prices to their existing 5%+ of entire US market portfolio holdings

[1cripes] 17/3/2020 22:19

Low debt in comparison to peers. High and imminent yield. Recovering order book. Material share ownership of directors and recent director buys. Weakening dollar which improves dividend value. Oil, surely, at the deeper end of trough related to OPEC/Russia issue.
I’m holding for now.

[pogue] 17/3/2020 22:07

Goldman must be loading up for the next short if they are saying buy. There is no sign of a resolution in the oil price war and demand is off a cliff due to the virus there is no reason for this to bounce apart from a dead cat bounce.
Be careful.

[killman2] 17/3/2020 14:35

'Goldman said margin dilution for the firm was “already reflected in consensus” and they saw the risk/reward profile was “skewed to the upside”.'

i.e. all bad news known so buy while still cheap!

[d1nga] 17/3/2020 14:19

Pop was because of goldman upgrade and buy rec.

[killman2] 17/3/2020 10:49

bottomed at 150 finally, all bad news factored into price now imho...

[d1nga] 17/3/2020 10:40

Shorts closing out imo

[notimpressed] 17/3/2020 10:08

what's occuring with the share price rise?

[ny boy] 16/3/2020 12:45

Looks brutal out there, all I bought was BP in 250’s
Not keen here, as a lot of collateral damage in the sector

[smithp1] 16/3/2020 10:48

Looks like we are witnessing the collapse of the entire financial system. Helicopter money next ! Cash is king !

[stevieweebie2] 16/3/2020 09:26

Divi lol. I got slated for selling out at 270 and lossing a couple of Grand, under 170 now and freefalling, Divi will soon be 30% ;)

[killman2] 16/3/2020 08:43

back in at these levels (156p)...bringing average way down...waiting for divi now..

[smithp1] 14/3/2020 06:45

Major central bank intervention next week expect a very strong rally for a few months . Going to get a few Pfc Monday if the price hasn’t shot up too much.

[ny boy] 12/3/2020 14:00

Not investable at present, like many stocks but there will be selective bargains in a few weeks...hopefully

[11_percent] 12/3/2020 11:20

Ok, I was having a laugh.....its not about PE or divi.

This is getting hit with both.....the general market crash.....AND.....the oil price crisis.

180 you say......I just wont even guess where this going to stop.

At least the shorters are making a packet....

[killman2] 12/3/2020 11:02

180 is my buy line...