Petrofac Share Discussion Threads

[ammu12] 11/9/2020 09:37

And who's buying them ?

[technowiz] 11/9/2020 09:28

did you see all that selling. 100k shares sold at 135p. all within 1 minute. heres hoping for a reversal of the trend today.

[ammu12] 11/9/2020 08:58

135p wowCrazy After the last update this was 190p.

[topazfrenzy] 11/9/2020 08:51

so cheap lol

[lowtrawler] 10/9/2020 19:25

I dabbled in PFC a few months ago and made a small profit but found the volatility difficult to predict so decided to leave alone. Have been watching for anything sub 140 as that seems to be a strong support level. However, I'm not convinced enough to return.The broker note is bleak. They aren't trading at historically high levels but they have record levels of working capital and are delaying supplier payments to fund it. That is not sustainable.I'll keep watching as the working capital will need to resolve over the next few months. Hopefully it will do so positively and I can then reconsider as an investment.

[computercoders] 10/9/2020 17:47

Lots of broker notes have agendas. I don't follow them to be fair.

[action] 10/9/2020 17:21

Scary analyses as cashflow is king to be going concern.

[computercoders] 10/9/2020 16:39

Check out my post from 21 August.. I got my 138 topup price today! And a bit at 137p!

[computercoders] 10/9/2020 16:00

I'm taking another topup now can't resist

[wallywoo] 10/9/2020 16:00

Think today's fall is due to a broker downgrade. They normally have their own agenda.Looks like a buying opportunity to me.HTTPS://www.sharecast.com/amp/news/broker-recommendations/bernstein-downgrades-petrofac-to-underperform--7636434.html

[computercoders] 10/9/2020 15:59

Technically oversold and just double bottomed on 4 hour

[computercoders] 10/9/2020 15:45

I topped up some this morning and happy with that for now. Got quite a lot in this. As it's my number one oil play.

[dealy] 10/9/2020 15:38

multi year low. Work still has to be done

[pogue] 10/9/2020 15:21

Next year could be good if oil goes up I agree, I will wait till Dec before putting more money in though :0) May miss the bottom but there is a large upside if oil makes a big recovery so wont miss much.

[computercoders] 10/9/2020 15:08

It's a good recovery one. No debt isn't there. Ince divi back will fly. Next year though

[pogue] 10/9/2020 14:54

Not really its reflecting the fact there is no work out there and contractor offices around the world are laying off engineers. Client budgets have been slashed to the bone and oil price recovery is not expected this year by anyone in the industry so the outlook is hardly positive.

[computercoders] 10/9/2020 14:36

This price is insane

[ammu12] 10/9/2020 13:38

Barclays 330p

[ammu12] 10/9/2020 13:00

Crazy share price Was 190 not long ago after the update!!

[computercoders] 10/9/2020 11:33

Got 110 grand in this now. Average 151p

[computercoders] 10/9/2020 10:04

NY boy when is 109p support from? I wasn't aware. It's never hit that though as it?

[ny boy] 10/9/2020 09:22

Technicals

Support1: 109.00P Support2: 151p
Resistance1: 282.90p. Resistance2: 330.43P

I have a 133p low reading 31 July, needs to hold for a double bottom?

[computercoders] 09/9/2020 19:23

Taking lots more here tomorrow. Always a trade from this level.

[knowing] 09/9/2020 16:22

Hoping for the same outcome

[mustau] 09/9/2020 16:15

Fkuded Until the FSA is investigated!