Petrofac Share Discussion Threads

[valuetracker] 05/2/2021 12:31

back to 200p

[master rsi] 05/2/2021 12:31

looking good on the DEPTH of 141 v 111

Depth 141
12:30 14 116.5
12:24 4,143 116.45
12:24 1,767 116.35
12:24 1,619 116.35
12:24 1,338 116.35


offer side
Depth 111
116.7 393 12:28
116.8 15,000 12:23

[master rsi] 05/2/2021 12:17

116.80p +2.10 (1.83%)

Is on the move, and is UP
don't forget to put your order in!
If you want to be on the train express

[sami69] 05/2/2021 10:37

New CEO..
New middle east contracts..
Lufkin Sentencing next week..
Oil sector looking up..
Current Share price near lows..

Why would you risk shorting this now? One day soon some major good news is going to send this skyrocketing as I believe the SFO/PFC issue is coming to a close.

It's time to be adding to your position if it goes lower not time to short.

All in my opinion.. Good luck all!

[mickinvest] 05/2/2021 09:50

Brent $59.50, presume the shorts were put on at a far lower price, will do a bit of reading on previous reports and be in a position to buy over next 7 days if things settle down as looking for a bit of oil exposure.

[wigwammer] 05/2/2021 09:45

Are shorts increasing recently? The largest and most credible institution on the short side are Blackrock, who have reduced their short by 0.5% since Jan 25th. Capeview - I don't know who they are and their short is a fraction of Blackrock - have marginally increased their short this month.

[sbb1x] 05/2/2021 09:15

What date is the court case again...Thanks in advance

[topazfrenzy] 05/2/2021 09:14

Had another little nibble

[wigwammer] 05/2/2021 08:53

If you're only contention is that "shorts are always right" ... you're wrong. ATB :)

[comedy] 05/2/2021 08:42

next thursday sentence

[comedy] 05/2/2021 08:41

how about buy? lol

[currencytrader1] 05/2/2021 08:34

Please don't tell me this is another site full of delusional rampers desperate to get back to their inflated entry point because they can't read the market??
Get over it, sell or hold, please don't sit in your chair sobbing, did yer mum tell you this was easy??.. BLESS.

[mickinvest] 05/2/2021 08:28

Currencytrader, profile created less than a month ago and no doubt to hide all your short failure history going by your 30 odd posts, filtered.

[currencytrader1] 05/2/2021 08:21

Really don't understand why people are adding st these levels when shorts are increasing?
Shorts are no fools and are all over their research.
There's no way they would increase if they weren't driving this way lower than 100p.
Rhey chase big pay days, not penny's...

[wigwammer] 05/2/2021 07:35

Soulhead - they have just raised $400m this week by issuing debt, which significantly reduces the likelihood of dilution. Pepe - it is risky, but I don't agree it is a lottery ticket. It is a ticket with the odds stacked in the owners favour at this valuation. Assuming even a $400m settlement - would the shares be down here if it just had another $400m debt instead? Markets don't like uncertainty, fingers crossed that uncertainty is lifted soon.

[asa8] 05/2/2021 07:12

Damage already done by the shorters

[pepepepe73] 05/2/2021 07:07

Fine size is what really matters here in the short term.

[oakville] 05/2/2021 06:52

Shorts increased this is going to get hammered. Happy to hold to 80p and see where we go from there.
Long on 8 stocks and short on 2 with RR being the other one.

[leoneobull] 05/2/2021 06:27

Irrespective of fine size, which nobody knows, with Brent at 59 usd and huge stimulus packages on the way.....I can only see contracts picking up rapidly....

[pepepepe73] 05/2/2021 06:26

@soulhead, a fine of £75m is too low.

Who knows, but makes no sense with current stock price. Clearly, markets are expecting a disaster. Surely smaller than current impact in stock price.

Next week we will have a clear view.

As I said many times: it's a lottery ticket.

[leoneobull] 05/2/2021 06:04

Brent 59.24 USD. Pick up in contracts looks nailed on, or my name isn't brown paper bag with 100 USD notes in!

[topazfrenzy] 04/2/2021 22:06

Tempted to buy some more tomorrow, be greedy when there's blood on the streets as they say