Petrofac Share Discussion Threads

[sbb1x] 25/9/2020 11:59

340,000 trade ? Short closing?

[tomc85] 25/9/2020 11:55

damm sorry to hear that! i'm in for a 1/4 of a years net salary. Don't need the cash so will just rough it out.

American markets wavering not helping as well as lockdown fears i guess.

[computercoders] 25/9/2020 11:52

Fuaark this looks baaad. Just been sick in mouth. Down 30gees

[tomc85] 25/9/2020 11:37

yea with no support levels other than £1 physiological.

Unless it does one of those strange events and targets 60p like glencore, barc, EVRAZ etc

[dealy] 25/9/2020 11:27

total capitulation here

[tomc85] 25/9/2020 11:18

Yea its gone outside the falling channel that started mid august and an RSI of 20.
Looks like top up time to bring down the 159 average.

[hraj] 25/9/2020 11:11

The saying be fearful when others q re geeedy and greedy when others are fearful..im loading up on this, these prices are worse than 2010 lows when I last bought and made lovely amount from pfc. No brainer really

[computercoders] 25/9/2020 11:10

I don't know where it's going from here. Never seen this for this share. My average 151p

[sbb1x] 25/9/2020 07:49

Markets opening upSome won't like thatEuropean Opening Calls:#FTSE 5865 +0.73%#DAX 12676 +0.55%#CAC 4787 +0.52%#AEX 545 +0.63%#MIB 19045 +0.73%#IBEX 6688 +0.68%#OMX 1784 +0.34%#STOXX 3173 +0.43%#IGOpeningCall

[simmsc] 25/9/2020 00:45

Too right, time to average down (when share price has finally settled).

[sbb1x] 25/9/2020 00:32

The Ut shows 615,713 not 700,000 thats i mentioned earlier thats how much imo was dumped into the market during the day Hence the reason we finished where did!!The oil glut is draining at alarming rate, the July/ August glut dropped nearly 80 million barrels, the figures for end of September will be out start of October, the glut is going in the right direction and higher oil prices will come and pfc and other companies will start winning big contracts again. Anyone with highers averages now is perfect time to start averaging down.Theses have a 52 week high of over 400 and and now we are sitting at a 52 week low. Anyone investing now could be seeing 300% gains in next 12 months. Only thing you need is balls of steel and patience.Just a 11k investment now could easily be 40k in 12 months.The lack of money being invested in oil now will see oil back to 60/65$ with 12 months. Who has the balls to play the long game and nick 300% or more.Patience people its all game to scare out weak investors, the biggest transfer of wealth is happening in front of our eyes.Play the long game people!

[tomc85] 24/9/2020 22:07

Looks like the parasites dumped another 700,000 shares on the short side today. Anyone buying this needs to do smaller buys to top up Remember know stamp duty. I will be buying more but in smaller batches like the dog shorters do.
Sbb1x, why do you say this? What gives you this impression? Cant see an rns.

[john09] 24/9/2020 21:36

Wait for 80p

[sbb1x] 24/9/2020 21:34

Looks like the parasites dumped another 700,000 shares on the short side today. Anyone buying this needs to do smaller buys to top up Remember know stamp duty. I will be buying more but in smaller batches like the dog shorters do.

[hraj] 24/9/2020 17:20

I've added long positions today near 110.Ridiculous

[sbb1x] 24/9/2020 15:09

A sneaky flush down to 52 week low looking for more scared sellers. Think sellers are exhausted time for this to rise.

[sbb1x] 24/9/2020 15:01

Dark days like this are always best time to buy. Today is a buying day and not selling day.

[ny boy] 24/9/2020 11:59

Yes it more or less hit my lowest support level to buy @ 109p, so I did buy some this morning, one would think with the share price falling some 70% approx this year, that any negative news from the SFO result, is priced in? If the case is dropped, surely a 50-100% upside?

Risk reward, seems attractive, at just over 110p!! Dyor as usual

[sbb1x] 24/9/2020 11:11

Been buying these this morning, this price is once in a lifetime moment

[sophia1982] 24/9/2020 09:50

Anybody knows if there are any development on the Unaoil case? Or David Lufkin being sentenced? There must be some SFO-related reason for this debacle.

[pogue] 23/9/2020 19:47

Going forward the world will be different I am afraid I am having to adapt as am actually working for companies like PFC. This article below will explain the situation better than I can.
Please note the margins on renewable projects are a lot lower for the engineering and design, far simpler and less hazardous so less spent on safety, if you move into the consultancy part of it then the margins are a little better but the contract cost is not very high. The upside is the assets Shell will be selling will be run down as oil companies rarely sell anything in good shape so there should be some refurb work short term.

'Shell has been reported to be undertaking a major cost re-allocation program known internally as “Project Reshape” in order to overhaul its oil and gas development arm and invest more into the renewable energy and power markets....'

[waldo2020] 23/9/2020 16:38

Spineless is one word...I have few other words in mind that are more apt! SFO need to end this before this company is no more

[timmy11] 23/9/2020 16:18

SFO is killing this company and politicians are spineless
wont take them to task
how long do this have to go on for

[tomc85] 23/9/2020 16:05

and another interesting fact we were the same price as wood group at one point post covid breakdown. now we are nearly half in share price terms.