Petrofac Share Discussion Threads

[pogue] 18/9/2020 11:12

Have a look at RDSB its not doing very well either if you are in that market. Personally I am not touching oil until new year and only keeping those I have as no point selling it will turn but all you get picking a bottom is smelly fingers.

[wallywoo] 18/9/2020 10:00

True again pogue, but the share price is at a all time low for a reason. Experience has taught me to buy good companies with no debt when they are valued at their lowest. It would not take much good news for this to jump 20 percent in a short time. That will do me!

[pogue] 18/9/2020 09:54

wallywoo
the biggest driver of companies is profits and currently the oil sector is not generating much of that, when that turns around so with PFC, a short boost if the SFO drop the case will get eaten away if there are no profits.
Read the article below to get an idea of the current situation. Until last week most articles on oilprice.com were positive finally they, and the industry, are recognizing the obvious fact... oil demand is low and likely to continue that way for a while. Oil will turn, it always does, but not this year.

[wallywoo] 18/9/2020 09:25

True Dinga, but I have played this 3 times so far since March 2020 (all with 10-20% profit), it is cheap as chips with no stamp duty and you always have the chance of a relief rally. The longer the SFO case goes on (without charges) the better the chance of a favourable outcome IMO. Add to that a short squeeze and this could really motor.

[d1nga] 18/9/2020 08:20

Wally the bears have it nailed for the past couple of years.

Needs to see sfo out of the way before it's going to change.

[wallywoo] 17/9/2020 12:29

Huge bull bear battle going on here. Not surprising with around 7 percent of shares short.I am on the bull side, but no winners yet. I know they have a order book issue, but also over£1b net real assets and a market value less than £500k.This will recover IMO

[ammu12] 17/9/2020 12:11

A Petrofac – SOCAR (State Oil Company of the Republic of Azerbaijan) joint venture (JV) has secured a services contract with BP Azerbaijan.Under the five-year deal, which is said to be worth around $100 million, the JV will provide BP Azerbaijan with international payroll and personnel support services, including training services.

[ammu12] 17/9/2020 08:20

This should be 160 now Dodgy mms

[ammu12] 16/9/2020 16:20

Brent up This should be 160+ now

[topazfrenzy] 16/9/2020 16:13

Could the bottom have been hit earlier today?

Let us hope so! So ridiculous this SP, time it rallied hard from here

[hodhasharon] 16/9/2020 15:45

Share Price vs. Fair Value 67.8%
Undervalued
Current Price UK£1.35
Fair Value UK£4.20

Below Fair Value: PFC (£1.35) is trading below our estimate of fair value (£4.2)

Significantly Below Fair Value: PFC is trading below fair value by more than 20%.

[ammu12] 16/9/2020 15:42

Brent up 3% This is due it's 10%Up day

[ammu12] 16/9/2020 14:38

Bidding 132Is this the new 52 week low ?

[ammu12] 16/9/2020 14:29

Crazy drop

[technowiz] 16/9/2020 12:11

127,529 @ 137.45 late reported trade. 12:09:44

its massive. is that a seller out?

[scooper72] 15/9/2020 21:58

Not saying wrong. I guess ITV is a good example. Any others you would put in that category?

[action] 15/9/2020 20:47

Limit order for 133p did not go through today. I recon that is positive.

[dope007] 15/9/2020 16:29

Loads of stocks like this out there, but with less risk I would say

[scooper72] 15/9/2020 16:19

Just glad I'm only down 8 quid on a little tentative spread bet. Hoping to catch the rebound and go in with more. Remember the days when it was a shock to see this drop under 400p per share.

[ammu12] 15/9/2020 16:12

Oil going up and pfc down Can't be right

[ammu12] 15/9/2020 15:45

New 52 week low could happen here.Let's hope it stays or 110 could happen

[computercoders] 15/9/2020 15:25

Wow this price in uncharted for me