Petrofac Share Discussion Threads

[wardy333] 15/3/2021 15:33

Shorts will close now.

[timmy11] 15/3/2021 15:32

this is getting really ridiculous
can they make a decision now either way

[topazfrenzy] 15/3/2021 15:31

getting boring now lol

[wigwammer] 15/3/2021 15:31

Not good news. But the sfo probably don't want to destroy it - could be a wake up call for them.

[timmy11] 15/3/2021 15:29

sfo wants to destroy this company ..all it has to do is drag this on for another 3 years
can someone ask them why they want to destroy a British company?

[halfpenny] 15/3/2021 15:28

PFC massive Risk not looking good fall expected below 100p. Corruption and who else is to blame? Remember No Smoke without fire 🔥

[thags] 15/3/2021 15:25

Why did it drop today

[velvetide] 15/3/2021 15:23

Oakville, what value are you putting on the Hydrogen operations ??

[midasx] 15/3/2021 15:22

But we have already been punished?

Of course, case dismissed!

[oakville] 15/3/2021 15:18

Gotta be under a quid this week.

[oakville] 15/3/2021 15:18

Oh dear...lol

[midasx] 15/3/2021 15:13

Is this the slap on the wrist?

[pepepepe73] 15/3/2021 15:13

SFO is destroying PFC. Crystal clear

[sbb1x] 15/3/2021 15:04

Buying opportunity

[tonysss13] 15/3/2021 15:00

oops


UPDATE ON UAE


Petrofac Ltd announces it has today been notified by ADNOC Group that it has been suspended from competing for new awards until further notice. This follows the SFO's announcement of additional pleas in January by a former Petrofac employee under the Bribery Act 2010 in relation to historic contract awards in the UAE in 2013 and 2014.



Petrofac will continue to execute two EPC projects for ADNOC currently under construction. ADNOC has stated that it recognises the long-standing nature of its relationship with Petrofac and has confirmed that its decision will be reviewed on a periodic basis.



Petrofac is committed to operating at the highest standards of ethical business practice. No

[oakville] 15/3/2021 14:27

New short opened at 1.334

[sbb1x] 15/3/2021 13:48

Trade the granny out of it. But make sure you are holding when it breaks out towards 300

[ukneonboy] 15/3/2021 09:45

Sbb1x - spectacular FAILURE trying to ramp-up Boohoo shares

and FAILING again with Oilers !!!

[money mad] 15/3/2021 08:46

Hopefully the tullow profits will go in here and push the shorters out

[sbb1x] 15/3/2021 07:52

Target 300

[midasx] 15/3/2021 07:32

The delayed results potentially due to wishing to announce agreement with SFO regarding their investigations.

What price PFC if the case is dropped with limited agreed financial penalty and slap on the wrist?

[sbb1x] 15/3/2021 07:27

JUST IN:CITI raises Brent crude price est. to $69/b in 2021 from $64/b and says Brent may spike to $80 at times amid OPEC+ curbs.#CITI #Brent #OOTT

[fizzmiss] 15/3/2021 06:50

Stock, most companies give bribes to secure deals, the only issue with PFC is certain employees got caught.

Would be great if we all lived in honest Alice and wonderland, but we don't.

Sit back and enjoy the ride; today's news, tomorrow's chip paper.

Not sure if you are aware but COVID put stop to the world's economies and will soon pick up bringing many further deals for PFC IMHO

Thinking about it; its very very very old news and been talked to death, PFC will soon fly!