Register
Login:
Share:
Email Facebook Twitter


#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign


Petrofac Share Chat (PFC)



Share Price: 554.00Bid: 554.60Ask: 555.40Change: 6.80 (+1.24%)Riser - Petrofac
Spread: 0.80Spread as %: 0.14%Open: 543.60High: 559.20Low: 543.60Yesterday’s Close: 547.20


Share Discussion for Petrofac


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

Marcus_
Posts: 59
Opinion:Hold
Price:547.20
RE: Zzzzzzz
Sun 15:09
To trade or hold that is the question. I'm tempted to take a small profit. But the share seems to be stable and has good dividends. Will probably end up holding as there are not too many decent options to invest in at the moment.
 
Warthog4
Posts: 1,006
Opinion:No Opinion
Price:545.80
RE: Zzzzzzz
Fri 09:09
Ooops!
Sorry!
MarkBellUK
Posts: 1,322
Opinion:Strong Buy
Price:539.40
RE: Zzzzzzz
Thu 15:38
sssh!
Warthog4
Posts: 1,006
Opinion:No Opinion
Price:537.20
Zzzzzzz
Thu 13:07
No comments since 10th Jan.-must be a record.
MarkBellUK
Posts: 1,322
Opinion:Strong Buy
Price:540.40
RE: What happened...
10 Jan '19
Sorry not RNS Reuters:-

BRIEF – Petrofac Secures Engineering Design Services Contract In Brunei
Jan 10 (Reuters) – Petrofac Ltd :

Petrofac Secures Engineering Design Services Contract In Brunei
Deal To Provide Engineering Across All Phases Of Asset Lifecycle For Entire Portfolio Of Onshore & Offshore Assets For Bsp & Blng
Co & Partner Serikandi Oilfield & Services Sdn Bhd, Secured Multi-annual Engineering Design Services Contract
Won Contract To Support Brunei Shell Petroleum (Bsp) And Brunei Lng (Blng) In Brunei
DogTyred
Posts: 567
Opinion:No Opinion
Price:540.40
RE: What happened...
10 Jan '19
A few shorts increased their positions at or around 4.80 in December and share has been on a run since. Quite a bit of short selling today (going by the rapid poxy sells) to drive the price down a bit so expect the same tomorrow as shorts try and recover some lost ground.

PS: What RNS about Brunei??
MarkBellUK
Posts: 1,322
Opinion:Strong Buy
Price:540.40
RE: What happened...
10 Jan '19
Lets the forget todays RNS securing the Brunei contract as well Warthog!
MarkBellUK
Posts: 1,322
Opinion:Strong Buy
Price:538.80
RE: What happened...
10 Jan '19
Lets the forget todays RNS securing the Brunei contract as well Warthog!
Warthog4
Posts: 1,006
Opinion:No Opinion
Price:535.80
What happened...
10 Jan '19
today??
Some sterling progress of late: shorts down to below 6%: Brent over 60 bucks again etc
Result?? SP down nearly 3%!
I give up
Pokerchips
Posts: 6,246
Opinion:No Opinion
Price:543.60
RE: Shorts reducing
10 Jan '19
...and directors buying....news afoot ?

Directors can, theoretically, only buy once any "news" is out in the public domain........so ..one can only assume that there is currently no wind in the sail....but.... everyone optimistic that current bids will materialise into some contracts before the next scheduled market update
wolfhound
Posts: 651
Opinion:No Opinion
Price:548.80
Shorts reducing
10 Jan '19
...and directors buying....news afoot ?
Warthog4
Posts: 1,006
Opinion:No Opinion
Price:550.20
RE: RE the tide is turning
9 Jan '19
On the contrary, taking 17th December as PFC's last low, PFC has risen 23%; Wood Group 9%.
If you start with WG's last low on 27th December the figures come out at 20% and 21% respectively.

Just shows what you can do with statistics-the Government does it all the time!!
denby69
Posts: 836
Opinion:No Opinion
Price:553.80
RE: RE the tide is turning
9 Jan '19
mmmm very funny that pfc is flying wood groop have loads mor debt bu it is gaing twice as pfc ??
Marcus_
Posts: 59
Opinion:Buy
Price:548.00
RE: RE the tide is turning
9 Jan '19
Bought at 503, saw it fall based on nothing, so pretty safe to say it would rise again.

The Jefferys rating has helped accelerate that a little bit.

I don't see brexit impacting this as most contacts will be outside the eu. So a good stock in what could be a set of turbulent months ahead
Consultgreg
Posts: 271
Opinion:No Opinion
Price:545.80
RE: RE the tide is turning
9 Jan '19
Again more buys than sells...continuing the momentum!
Bluelight
Posts: 1,127
Opinion:No Opinion
Price:548.20
RE: RE the tide is turning
9 Jan '19
I've barely looked at it for the last 3 months. No point when markets are bouncing all over the place. I have my target and alerts set, when we get there I will be happy. For now I just sit back and enjoy the divi income until value is realised.
alto1
Posts: 636
Opinion:No Opinion
Price:548.40
RE the tide is turning
9 Jan '19
sit back relax bold statement pfc 600p end of week decided not to look at sp since Monday or bother with news but it looks to be doing ok from seeing it on here. yes i forgot it shows it on here der.
MarkBellUK
Posts: 1,322
Opinion:Strong Buy
Price:548.60
RE: Mark
9 Jan '19
Ive no idea to be honest. You would guess so but so many political / global economic factors its impossible. What I do know is OIL is flying!!
rHatton
Posts: 1,547
Opinion:No Opinion
Price:538.80
Mark
8 Jan '19
Do you think it will close the gap?
MarkBellUK
Posts: 1,322
Opinion:Strong Buy
Price:535.40
RE: Today
8 Jan '19
Definitely very strong now. PFC has DOUBLE gapped up on the daily chart!
Consultgreg
Posts: 271
Opinion:No Opinion
Price:531.60
RE: Today
8 Jan '19
Looking good again now
hey_arnold
Posts: 117
Opinion:No Opinion
Price:523.60
Today
8 Jan '19
Some heavy selling from profit taking this morning. I saw the stock price get pushed down 1% in about 10seconds from someone obviously selling a large volume.
alto1
Posts: 636
Opinion:No Opinion
Price:519.80
RE article may not show charts
7 Jan '19
Petrofac increasingly targets project management activities in the refining and petrochemical industry.

The company’s backlog has halved since 2015.

POFCF’s revenues and earnings declined in 1H 2018 following phasing of many lump-sum projects.

The crude price fall can become a concern for the company’s recoverable asset pricing.

Petrofac’s cash flow from operations is negative.

Petrofac has challenges ahead
Petrofac Limited (OTCPK:POFCF) (ADR: OTCPK:POFCY) provides engineering services including conceptual and feasibility studies and front-end engineering and design (or FEED) for onshore, offshore, and downstream energy facilities around the world. The company is making strategic changes in response to the energy market environment. Petrofac is aligning its assets into various project management activities in the refining and petrochemical industry. Its backlog has shrunk considerably over the past few years. The company is trying to clean up its leveraged balance sheet by selling assets. The fall in crude oil price can result in further impairment charges. In 2018, Petrofac’s stock price has decreased by 7% and has outperformed the VanEck Vectors Oil Services ETF (OIH), which declined by nearly 46% during this period. OIH represents the oilfield equipment & services (or OFS) industry. Petrofac is likely headed for a slowdown in the short-to-medium term unless crude price improves dramatically.

How does POFCF’s geographic growth pan out?

Now let us look at how the industry drivers played out in the geographies Petrofac operates in. In the Middle East and North Africa, upstream operators are utilizing more oil-rich resources to maintain the stated spare capacity. Saudi Arabia, however, is planning to increase natural gas production capacity. With a commitment to increase natural gas usage, Algeria presents a growth opportunity for Profac. In Algeria, Petrofac commissioned the Reggane natural gas plant and the Alrar plant in Q3 2018. I have shown in the above chart how international rig count has steadied in 2018. The data is taken from Baker Hughes’ rig count.

Saudi Arabia is POFCF’s second largest revenue producing region, accounting for 12% of its 1H 2018 revenues. The company has an EPC contract in Saudi Arabia’s GCC upstream project, which is worth ~$580 million. In Saudi Arabia, the integrated energy giants are making an increased allocation in the downstream, i.e. in refining and petrochemical operations.

In Europe, POFCF’s Engineering & Production Services (or EPS) segment is anticipating a recovery in brownfield opportunities, while the E&C segment seeks offshore wind opportunities. It is forging a partnership with other equipment manufacturers to bid for both high voltage AC and more massive high voltage DC transmission opportunities. In the U.S., the company is pursuing operational maintenance opportunities in the Gulf of Mexico.

Why is downstream the new focus for POFCF?

As disclosed in the comp
alto1
Posts: 636
Opinion:No Opinion
Price:519.80
RE update new charges
7 Jan '19
i have no problem with policing but it's when they just go fishing and kill companies sp. and when they get it wrong they just move on.i was doing some research on my american sites and they done a piece on pfc which is rare and one of the yanks had this to say!The Serious Fraud Office inquiry killed this stock - causing it to fall from about GBP 9 to GBP 6 and it has never recovered, even when oil spiked. And not sure I ever even read a conclusion to the inquiry. So do we presume the SFO found nothing? Having absolutely killed the company's share performance , the SFO just walks off into the sunset? Seems very unfair indeed. i will post full article for those interested.
MarkBellUK
Posts: 1,322
Opinion:Strong Buy
Price:516.20
RE: crazy markets
7 Jan '19
Whats crazy is this opened at 550 and there was liquidity in the pre market auction as well. Simply because Jefferies put a BUY from HOLD on it yet reduced the target to 590 from 640




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.