Petrofac Share Discussion Threads

[bad robot] 16/3/2021 08:22

Genuine Gamblers

BR personally perforated 100p support, broken the hymen.

BR
IN BR WE TRUST
Red Mercury Crew

[pepepepe73] 16/3/2021 08:21

This dog has no bottom near

[oakville] 16/3/2021 08:09

Short positions increased by a further 0.9% yesterday.

[wardy333] 16/3/2021 08:06

Risky at the moment with the shorters still not closing.

[sbb1x] 16/3/2021 08:05

Just bought a few back

[ammu12] 16/3/2021 08:00

Reckon this is going sub 100...

[sbb1x] 16/3/2021 07:58

Sold out yesterday. The company didn't even need to release that rns. But they did.

[pogue] 16/3/2021 07:54

Leoneobull
thanks, I am not giving up posting I just took a rest last time to stop wasting my time when rampers take over no point arguing with them they are not going to change their views no matter what I post and they have more time to post as I have a day job. This time its just a couple of posters I cant be bothered with.

[ammu12] 16/3/2021 07:53

Probably explains why shorters weren't closing shorts!!Pfc is in big trouble imo as other countries/companies might follow...

[oakville] 16/3/2021 07:22

Great timing yesterday opening a 1.33 short 20 minutes before RNS lol. Word over here is this will be trading below 80p within days.

[topazfrenzy] 16/3/2021 07:22

The best thing now is probably to put your money to work in another oilie, one that pays divis, while the share price here settles, then buy back

I think it will go much lower from here, maybe even to 60p, who knows

if that happens then a x5 over the next few years could certainly be on the cards

[ukneonboy] 16/3/2021 07:17

Not looking good for the spread betting, BULLS

[midasx] 16/3/2021 07:12

PFC are busy negotiating a settlement with the SFO, their friends at ADNOC are assisting them in reducing any financial penalty based on affordability. Once the SFO debacle is concluded ADNOC will be back on side.

The SFO must be desperate to settle this case and will be under political pressure to do so in this post brexit World.

Great opportunity to add IMHO

[leoneobull] 16/3/2021 05:56

Green hydrogen project down underhttps://renews.biz/63553/petrofac-designs-on-oz-green-hydrogen-scheme/

[leoneobull] 16/3/2021 05:46

A post from Modestus LSE from the last PFC share price fall....Missing the big pic....Way too many traders here, all wanting to time the absolute bottom at a penny, anxious the share price will sink another 10-20-30% more after they have bought. So what? Selling with a 5% loss in the hope you can get in again when share price is 10% lower, that is what i call nonsense, Pokerchips. It won't keep me awake at night if i have a 20-30-40% paper loss on a position if i have the conviction i bought good or extremely good value at 125 or 150p. As i 've mentioned before, it won't matter in the grand scheme of things if we get the commodity bull market i expect. This company has a decent balance sheet, it has assets you are buying for an extraterrestrian bargain price at an all-time-low...Timing Vale, Petrobras, Teck Resources, Sibanye-Stillwater, Anglo American, Freeport McMoran, most gold and silver miners at the penny wasn't necessary either if you got in after share price got hammered for years and sentiment was depressed. If you had patience you multiplied your investment by factor 3 or 4 even if you had a big paper loss in the beginning...One thing you can be sure of : analysts and press will be most negative when we reach a bottom. When Anglo American traded less than 3.00 GBP, not a single buy-recommendation, mainly reduce and sell. When the share price had multiplied by 6-7-8, only buy and add-recommendations. This is not a buy-recommendation, DYOR.

[leoneobull] 16/3/2021 05:06

POgue, keep posting....your posts are among the only intelligible ones, plus Wigwammers, and perhaps a couple of others

[leoneobull] 16/3/2021 05:02

Pfc are still delivering two contracts for ADNOC. They have won decent sized contracts in Kuwait and Oman. They are cost cutting and slimming down, and they earn a lot from maintenance. UAE cancelled 1.65 billion contract to PFC awarded Feb 20 due to COVID...The big infra projects may get headlines for being huge , but margins are poor.....with Brent near 70, margins should increase IMOV

[lowtrawler] 16/3/2021 01:08

Ryad123, alas, you are currently correct. I fully divested following the news as the risk has increased and the rewards are no longer commensurate with that risk. Until the announcement, PFC had not experienced much impact to trading from the SFO investigation. Today's RNS changed that. Where one goes, others may follow.

[pogue] 15/3/2021 23:57

Stockready
I have read all the posts over the weekend but couldn’t be bothered posting as I had better things to do as I knew if I replied this would happen, I stopped posting in Feb for the same reason. I have been posting on this board for years.You I am afraid are the idiot with no knowledge and I will apply the filter button again as pig wrestling is tedious
Ta ta

[ryad123] 15/3/2021 23:53

@lowtrawler when you say you dont make 100% without risk, the truth is there are many stocks who did just that with much less risk, pmo, tlw, hunting, others like lookers and saachi had historic issues with accounting irregularities but they are now past that and recovering, another day like today and anyone who bought at the very bottom will still be under water. Yes it can go to 300p but that might take a long time, i will be happy to buy back once the cloud lifts, in the meantime i can use the cash somewhere else having trimmed my position by more than 2 thirds.

[stockready] 15/3/2021 23:50

Wig

It will be more RNS coming either tomorrow or this week

Just a punt ;-)

Good night all

[asadme] 15/3/2021 23:43

hxxps://youtu.be/0zQAKydqMsk