Petrofac Share Discussion Threads

[dealy] 13/10/2020 10:27

I think its more indicative of the sector, the country and being a small cap (now) that results in zero interest by institutional investors. Dozens of companies are suffering the same fate at present

[action] 13/10/2020 09:27

Again heading down. I really do not like this. How low this has to go now.

[d1nga] 12/10/2020 14:11

In fairness the ship has took on a lot of water, let's hope the fine isn't too large.

[dealy] 12/10/2020 11:55

New CEO probably feels comfortable that he is not joining a sinking ship

[ammu12] 12/10/2020 09:46

Looks like some news could be out soon from sfo

[d1nga] 12/10/2020 09:22

Getting interesting again now with asfari stepping back, sfo must be close to dropping the final bombshell soon, I guess.

Think I will wait to see how much the fine is.

[garycook] 12/10/2020 09:17

topazfrenzy,Totally agree.100% more upside than downside from here !

[topazfrenzy] 12/10/2020 09:09

Last chance to get in cheaply is probably now

This looks like a turning point for the company with the new CEO

[dealy] 12/10/2020 08:49

no need to be paranoid

[molatovkid] 12/10/2020 08:09

Long enough....I'm just wondering if todays news is related to the SFO thing? i.e. bad news coming?

[dealy] 12/10/2020 07:56

how long has this SFO investigation being going on now?

[molatovkid] 12/10/2020 07:39

The answer to that Dealy is when PFC get a clean bill of health from the SFO.

[dealy] 12/10/2020 07:19

New CEO. I reckon that is good news

[pogue] 08/10/2020 07:28

We appear to be at the bottom of the oil price problem is its not going to rise before Xmas, PFC lags the oil price a little normally.

hxxps://oilprice.com/Energy/Energy-General/Oil-Prices-Are-Unlikely-To-Collapse-Again.html

The oil market has already priced in the slowing global demand recovery and the growing uncertainties about the economy amid resurging coronavirus cases in many parts of the world.

Analysts largely concur that oil prices are not expected to move much higher than current levels of around $40 a barrel until the rest of the year, because of still high excess global inventories and the stalled recovery in oil demand with the end of the U.S. driving season and the continued trend of rising COVID-19 cases, especially in major European economies, which have started to re-impose some restrictions to curb the spread.

Yet, despite the bearish fundamentals and the headwinds coming from the so-called second wave of infections, oil prices are unlikely to crash again as they did in April when oil demand collapsed by 20 percent, Michael Lynch, an expert on petroleum economics and energy policy, writes in Forbes. At the same time, even if we don’t see oil prices in the teens again this year, the risks and uncertainties on the markets continue to be skewed to the downside, leaving little room for price gains for the remainder of 2020.

[dealy] 07/10/2020 19:55

not a lot of confidence in this stock right now from investors. looks like a bargain to me

[topazfrenzy] 07/10/2020 15:44

Buy the dip!

[garycook] 07/10/2020 08:40

PeakyTWtraders, Filtered

[ny boy] 06/10/2020 17:08

Should test 150p, if, it’s a bullish month.

Support1: 109.00p. Support2: 1.51p


Resistance1: 282.90p Resistance2: 330.43p

[garycook] 06/10/2020 12:16

Got traction now since hitting 106p.Onward and upwards.Could easily treble from here !

[ny boy] 06/10/2020 11:35

Just got to stay patient here imo, some of my other long term holds have been going very well XAR,NEX,TWD etc, expecting the same here, hopefully a survive & thrive play

[ny boy] 06/10/2020 08:41

Maybe the bottom is in now, bounced off support, encouraging signs but still early days

[pogue] 05/10/2020 17:57

All contractors are going to green energy as the oil companies are so they are going where the client is going. Good to see PFC doing similar. Only issue is projects are very low on manhours as the designs are pretty simple so not much profit as most of the project cost is equipment. The margins are better, not massively though.
So good to go green as that's where the money is going but you have to win a load more contracts to make similar amounts of money as O&G.