Petrofac Share Discussion Threads

[sbb1x] 15/2/2021 16:26

Reckon this is both feet in the 140s tomorrow

[lowtrawler] 15/2/2021 16:20

Step-by-step. First target is 140p. I suspect there will be resistance at that level and personally don't expect a rapid move higher from that level. If oil remains strong, 170 is on the cards but I think it will take many weeks rather than days. The gamechanger is still going to be closure of the SFO investigation and nobody really knows if that will be this week or even this year.

[mickinvest] 15/2/2021 16:15

Hopefully goes higher, added 10k there and managed same at £1.252 about 10 minutes after the open.

[sbb1x] 15/2/2021 16:12

High of the day paid lovely

[mickinvest] 15/2/2021 15:52

I would have thought if the shorts had any control, we would have bounced of £1.30 but seems to be no resistance and pullbacks seem to be non-existant compared to the 2-way swings around £1.25-1.26 earlier, can't be much resistance to £1.70 if oil continues it's march north.

[knowing] 15/2/2021 14:57

Expect a few shorts are starting to get itchy fingers

[sbb1x] 15/2/2021 14:56

Looking good here

[topazfrenzy] 15/2/2021 14:52

140 could be hit today, the shorts are going to have to close much more than they are doing so far ..

don't give them anything, not a single share, let them burn

[mickinvest] 15/2/2021 14:29

Nice steady grind up today with the dips getting bought and decent volume.

[ttny2004] 15/2/2021 13:37

Expect once we break 140 an attack on 160 to 170 levels and then an attack on 200.

[whites123] 15/2/2021 12:42

The Raft of not good, but GREAT news emanating from PFC.

www.petrofac.com/en-gb/media/news/

www.petrofac.com/en-gb/media/news/

[whites123] 15/2/2021 12:38

A new alliance has been formed giving North Sea oil firms a quicker and cheaper means of developing their fields using platforms owned by Repsol Sinopec Resources UK (RSRUK).

The Aberdeen-headquartered firm has joined forces with energy service giants TechnipFMC and Petrofac to lay on an “an integrated, technically robust and commercially flexible solution”.

The trio are seeking to maximise the recovery of oil and gas from the UK Continental Shelf (UKCS).

RSRUK, a Spanish-Chinese joint venture, said it was providing access to its facilities under the “industry-led infrastructure code of practice”.

The company will be hoping to prolong the production life of assets in its portfolio, which contains some of the most mature platforms on the UKCS.

TechnipFMC will deploy its “iFEED” front-end engineering and design service and its integrated subsea business model, iEPCI.

For its part, Petrofac will provide all topsides engineering and operations support.

RSRUK chief executive Jose Luis Munoz said the industry had to get better at recognising the benefits of utilising existing North Sea infrastructure to deliver more barrels and minimise carbon emissions.

Mr Munoz added: “This industry collaboration brings together three well respected, experienced companies that have the resources, drive and ambition to support the continued success of the industry for many years to come.”

Nick Shorten, managing director of Petrofac’s engineering and production services, west business, said: “With more than three billion barrels locked in marginal fields across the UKCS, small pools represent a big opportunity.

“Industry level collaborations such as this will drive the standardisation required to reduce the time and cost of tie-back developments.

“Petrofac is thrilled to combine the asset knowledge gained as Repsol Sinopec’s operations and maintenance partner, with our engineering and project management expertise in support of this exciting collaboration.”;

Jonathan Landes, president subsea, TechnipFMC, said: “We are delighted to play a part in helping to maximise recovery of oil and gas from the UK Continental Shelf.

“Leveraging our integrated subsea business models, iFEED and iEPCI, we are ideally placed to support and optimise future development opportunities from early concept to first production and beyond while minimising the carbon footprint.

“With a shared commitment to excellence in Health, Safety, Environmental and Quality standards, we look forward to working with Repsol Sinopec to deliver a culture of efficiency, standardisation and sharing of best practice as we adopt this unique and important alliance in the UK.”

[dealy] 15/2/2021 12:25

they are so arrogant they will probably increase their shorts

[pepepepe73] 15/2/2021 11:45

stock price is ramping up nicely.

let's see what the shorts gonna do now.

[mikealig] 15/2/2021 09:41

Agreed. Let's squeeze the shorting barstewards!

[topazfrenzy] 15/2/2021 09:26

don't give the shorters one single share of yours, let the squeeze to £2+ begin

[dealy] 15/2/2021 09:22

the longer this goes on the greater the risk for the SFO to lose all credibility

[midasx] 15/2/2021 07:51

Yes the witch hunt should be dropped and PFC look for substantial damages from the SFO !

They have overstepped their authority as we now know!

[sbb1x] 14/2/2021 23:22

Brent 63.40$ you beauty....

[sbb1x] 14/2/2021 20:37

Oil glut draining at 4 million bpd. Oil heading to 70$ a barrel. She'd load of work coming the way of PFCEd Morse of Citi says Brent possibly going to $70 this year #OOTThttps://t.co/Ow5GYgqYlG

[sbb1x] 14/2/2021 20:35

BofA Global Research says the oil consumption to pick up by 5.3 MBPD in 2021, 2.8 MBPD in 2022, 1.4 MBPD in 2023.BofA estimates the global oil demand today at around 92-93 MBPD, still 7 million below 2019 levels.#OOTT #Oil