Petrofac Share Discussion Threads

[chris20001959] 06/3/2021 08:15

New swing range ,total speculation but I'm going for 132 -137 .

[sbb1x] 05/3/2021 20:33

Forget $70! Let's talk about $80:) #OOTT https://t.co/A6bJ4oBEcy

[sbb1x] 05/3/2021 20:01

Excellent ut close of 136.80$Brent 69.50$ the work should start rolling in imo.We have broken out of the trading range, I believe the trend is now higher!The trend is your friend!

[chris20001959] 05/3/2021 13:17

Stepping into the 40,s in the not too distant future.

[richyf3] 05/3/2021 11:44

Breaking out of its trading range . Shorts closing I hear .

[noreply1] 05/3/2021 11:24

My eyes are on the ut price tonight.A shorter is buying back imo

[stalker_boy] 05/3/2021 11:07

decided to close my short here as the price combined with rising oil is a concern. As was mentioned before I also believe that everything along with the kitchen sink has been priced in.

[sbb1x] 05/3/2021 11:00

This should be 200. Scummy shorters.Time to buy more

[mickinvest] 05/3/2021 10:58

Brent over $68 and Sterling dropping to under $1.38 is all good here, going to be a lot of urgent orders given out and don't think there is the capacity for countries to ignore Petrofac even if they wanted to.

[dealy] 05/3/2021 10:12

Shorters on Tullow have taken a beating over the last 2 weeks. Might make the Petrofac shorters nervous

[richyf3] 05/3/2021 10:02

Looking good .

[eodfire] 05/3/2021 09:19

But still lagging peers. Need this sfo case gone.

[wardy333] 05/3/2021 07:12

Brent nearly $68 a barrel today , should improve the S/P here,

[cybernest53] 05/3/2021 00:28

From Baron Investments
@baroninvestment

"No unleashing of oil, demand rising, it’s hard not to see #BrentCrude trading in the $70s short term , a proper over-tightening prospect now. Front month Brent settles at $66.74 , +4.17%."



This is good news for Petrofac. It will further sustain their share price while awaiting SFO news and 2020 y/e results now due in April! GLA! :)

[lodgeview] 04/3/2021 17:05

POO up 5% and a poxy 2% rise here. Great if you are a shorter. They always win.

[wardy333] 04/3/2021 17:02

Oil price 5% up hence the Blue finish here.

[plunger2] 03/3/2021 08:52

Well if a sentencing becomes a review and further info is required then one must speculate that the SFO v Lufkin case has sprung a leak. And the leak has to do with the Supreme Court KBR finding. If so it could be that "Irregular" Section 2 notices were served and the SFO needs 4+ months to correct the situation. If they get the co-operation of foreign jurisdictions then they may be okay. But if they don't - look out above for the share price here.

The SFO are so quick to trumpet success and very slow at owning up to difficulties. I still think the FCA (another weak outfit) should be riding shotgun on the SFO for potentiially creating false markets. But hell will freeze over first!

JMHO GLA

[leoneobull] 03/3/2021 05:52

PFC debt is not that high, about 250m from recollection....when it turns over billions and used to be valued in the billions....BUT if a sizeable fine, yes, managing the balance sheet and cash flow becomes more an issue

[leoneobull] 03/3/2021 05:49

Shaf. Prior to CV, PFC was 350 to 450 and that was with the SFO case ongoing.....all depends if a fine is agreed, or the case falls apart. Either way, undervalued IMOV

[wigwammer] 02/3/2021 17:41

Mil. They've just got $400m from a bond sale. With oil rising, that may well prove enough. We will see..

[pepepepe73] 02/3/2021 17:33

Seems a little bit weak last days.

It's fully tied to brent price and it seems to be in a short term correction

[milanista11] 02/3/2021 14:51

wigwammer
Perhaps not new financing needed but capital increase as the balance sheet suffers immediately and the fine amount can be eventually settled over the years with cash flow.

[petrich] 02/3/2021 14:48

Its just bad timing as we all have been guilty of sometime in the past.

Long term won't make a jot of difference as for me at this price this is a great buy....