Petrofac Share Discussion Threads

[twixy] 04/2/2021 19:31

Cape View increased their shorts yesterday:hTTps://www.shorttracker.co.uk/company/GB00B0H2K534/

[csj0hn] 04/2/2021 16:32

'Won contracts of £300m and this has no effect on the SP? Feels like someone is taking some fools for a little ride.

[topazfrenzy] 04/2/2021 16:30

Had 3 helpings today, thank you for the cheap shares

See you all at £4 later in the year

GLA

[leoneobull] 04/2/2021 15:46

God bless Malcy...apart from his share tips...PetrofacPetrofac has announced contracts in Oman worth around $300m through Petroleum Development Oman (PDO).The first is a direct EPC contract for PDO's Marmul Main Production Station (MMPS) – Gas Compression project. The scope of work for the 30-month, lump-sum turnkey contract includes engineering, procurement, construction, commissioning, start-up and initial operational support.Located at Marmul in the South of Oman, approximately 800 kilometres from Muscat, the purpose of the new facility is to eliminate permanent flaring and manage associated gas. The work includes gas recovery and booster compressors, gas sweetening, dehydration and other units, utility systems and modification of existing facilities.The second is a project delivery contract with Petrofac's partner and main PDO contract holder Arabian Industries Projects LLC, for selected PDO concession areas in the North of Oman. The scope of this seven-year contract is for provision of reimbursable engineering services, integrated project support and management services, and has an option to extend for three years.Elie Lahoud, Chief Operating Officer – Engineering & Construction, commented: "Petrofac has a significant track record in Oman and PDO are a longstanding client. We look forward to building on our strong relationship through these latest contract awards. Both will be delivered by our teams in the Sultanate, with the focus on safety, maximising local and sustainable delivery, and generating In-Country Value."It does not surprise me that PFC has made significant progress in Oman, when visiting with them a little while ago it is clear that PDO has immense respect for PFC from the top down. Despite the witch hunt by the SFO I expect the company to in due course win substantial new contracts which will dwarf the £400m market cap.

[currencytrader1] 04/2/2021 15:39

Also holding my short until 90p, there's way FURTHER down to go yet... GLA

[sea7] 04/2/2021 15:33

It does not surprise me that PFC has made significant progress in Oman, when visiting with them a little while ago it is clear that PDO has immense respect for PFC from the top down. Despite the witch hunt by the SFO I expect the company to in due course win substantial new contracts which will dwarf the £400m market cap.

[wardy333] 04/2/2021 15:12

Well I for one do not believe RYE BAY have closed still showing on short tracker PFC.

[wigwammer] 04/2/2021 14:23

"A big fine would put PCF at the doorstep of massive dilution for current shareholders." ... the company raised $400m in liquidity yesterday. Puts a big spanner in the works for any shorts hoping for a heavily discounted dilution.

[plunger2] 04/2/2021 12:44

Agree with all that - Whites.
FCA's last short sellers spreadsheet was 27/1/21. So we have no official picture on what happened since.
Normally to close a short like Rye Bay (12m shares) you would need to see massive volume - maybe 40-50m shares.

JMHO

[whites123] 04/2/2021 12:16

Today we see and witness the extent of short sales and how stocks can and are held back.

This was the catalyst to the events we saw Stateside over GME, when retailers said enough is enough.

However it also demonstrated the corrupt manner in which brokers liases with and partner Hedge Funds and are courted by the press.

11th and the sentencing of Dave will hopefully draw a line under a big big part of the investigation.

I would like to see one of two things happen.

Either directly afterwards and included in the SFO announcement about how long Dave will get would be an announcement of cessation of investigation, or.... PFC to announce that Sami has negotiated a settlement to close the case down and PFC admitting no liability.

Either one will allow the re-evaluation of PFC to evolve with no disruptive short sell claptrap..

Isn't it annoying that these "Short sells" use gambling apps to operate..
Spread bets, CFD's, leveraged positions that are just pure out and out gambling.

[whites123] 04/2/2021 12:06

A big fine would put PCF at the doorstep of massive dilution for current shareholders. It's a lottery ticket in both ways: shorts and longs....



Ohhhhhhh please...

PFC would first have to be charged with something...

JEEEEEEEZUZ

[pete123456] 04/2/2021 11:43

Good spot sam

[sam_] 04/2/2021 11:34

Here you go:

[pepepepe73] 04/2/2021 11:21

Based on volumen traded, seems Bay Capital LLP sold their exposure by 28th - 29th January.

[plunger2] 04/2/2021 11:17

I read that on LSE board yesterday - but is it true.
No confirmation elsewhere. (i.e. FCA)
I would reckon you would beed a share turnover of 40m+ to close a 3.5% short.

JMHO

[sam_] 04/2/2021 10:57

London (www.aktiencheck.de) - Short seller Rye Bay Capital LLP closes net short position in shares of Petrofac:

The shortsellers of Rye Bay Capital LLP are taking advantage of their exposure to shares of Petrofac (ISIN: GB00B0H2K534, WKN: A0HF9Y, ticker -Symbol: P2F, Nasdaq OTC-Symbol: POFCY) completely back.


The financial professionals at Rye Bay Capital LLP, founded in 2015 and based in London, England, reduced their short position from 3.53% to 0.00% of Petrofac shares on February 1st, 2021.

The short sellers of the hedge funds currently hold the following net short positions in the shares of Petrofac:

0.49% CapeView Capital (01/29/2021)
0.00% Rye Bay Capital LLP (02/01/2021)

Thus the short sellers of the hedge funds currently hold a total of net - Short positions of at least 0.49% of Petrofac shares.

[oakville] 04/2/2021 10:28

Won't be closing my short until I see under 90p. Target is 80p. Shorters are in complete control here.

[lodgeview] 04/2/2021 10:00

Clearly not a share to be involved in unless you're short.

[pepepepe73] 04/2/2021 09:32

@Master, you're a funny guy.

[master rsi] 04/2/2021 09:27

pepino

Are you deft or something?
Change your nickname again

No way José, say the USA

pepePepe73
Member since: 18 Jan 2021

[comedy] 04/2/2021 09:24

lol if you say so. nice to sell some at £1.20 and buy back more lower:)

have a nice day:)

[pepepepe73] 04/2/2021 09:18

cause shorts are still on the driver seat taking advantage of uncertainty.

A big fine would put PCF at the doorstep of massive dilution for current shareholders. It's a lottery ticket in both ways: shorts and longs

[lodgeview] 04/2/2021 08:20

Going red...

[plunger2] 04/2/2021 08:16

It's a decent contract win - not mega but not much smaller than the market cap.!!!

Very interesting.

GLA

[sbb1x] 04/2/2021 07:50

Brent tagged 59$. They will start to win alot more contracts