Member Info for AD66

http://www.bnnbloomberg.ca/baker-hughes-orders-surge-28-as-global-oil-demand-climbs-1.1710523

Clinigen have agreed to be taken over hence the rise. POI, Citadel have upped their short to the notifiable .5% again as reported yesterday. At least they gave Polar a chance to buy cheaply.

I suspect the shorters worked hard to push TLw out of the 250. Difficult to know what Pictets strategy is. A period of consolidation for Tlw.

https://mail.shorteurope.com/details_company.php?company=PETROFAC%20LIMITED&land=united_kingdom
Rye Bay have already made a lot of money over the years from PFC

Polar still own 7.8%. Can anyone explain why Morningstar (considered the most reliable source) shows no record of Polygon. Is it because the shares are held in overseas Nominee accounts perhaps?

I am not a shareholder here but perhaps one of you may consider it worthwhile to draw the attention of the company/FCA to the pattern of recently reported shorting. It seems to smack of acting in concert which I believe is illegal.

I agree that one shouldn’t feed this troll. Just interested to note two quite different writing styles between the first two paragraphs and the final “conclusion” here! How silly!

So which scenario concerns you most - the alleged corruption of this terrible company or wait, the fact that it is bound to fail and the balance sheet is worrying you sick. You may just be an obnoxious agitator but please go away.

No one disputes the dire state of the oil services industry at the moment and the tough trading conditions which Petrofac faces which is partly why it is priced at a £1. There is a news vacuum at the moment so the hedged shorters are shuffling their decks. There is a curious connection to your historical posts and now and their activities. Why post with your pseudo legal jargon if you don’t rate the company. You will notice many people here are long term holders. Show some decency and go away.

The SFO today reporting it has secured 2 DPA agreements with 2 companies that cannot yet be identified.

Petrofac Signs Contract for Halliburton DecisionSpace® 365

Look up Algorithmic Trading on Investopedia. Most trading is done on Sets using algorithms by market players. It means they have the ability to influence the direction of trade by trending quite small buys and sells. The advantage for PIs is that it increases liquidity in a stock.

The former COO has sadly died

I have just seen a small feature on antivirals on CNBC following on from Dr Fauci. I haven’t been following the Merck product but presenters seemed keen! Is there a risk of sidelining the two minnows on the trial should results come soon from Merck.

Slightly nasty tone Aye. There was and is the hope of a resolution to the SFO enquiry which will make a difference to this share. It was also a top income share. Fairly reasonable I would say.

I apologise for the misinformation regarding the ‘drop’ pre May 2017 SFO announcement. My view, shared by some on here was that shorters had increased prior to RNS releases. I quite agree that they are not the whole story here but when one takes hits to pensions etc based on skilled manipulation it leaves a bad taste. Fortunately I can wait and thank you for your research

I am holding since £7 and have managed to average down this year. Petrofac has always been targeted by shorters because oilers and service companies are subject to enormous volatility. This stock is easily manipulated and historically falls an average of 10- 15% following results, regardless how well received. It’s big attraction was a 6/7% dividend. Times are tough for PFC but hopefully not bad enough to send it over the edge. Blackrock and ilk seem to have some access to info on the company as it plunged the day before the SFO announcement in 2017. The SFO don’t want to let this one go and I believe having David Davies on the board and the. Ex Chairman and his wife being party donors means it will have to be allowed play out with the government on the sidelines. The fine will not be allowed to ruin the company but unfortunately the taint of the SFO has and is affecting its business. I am holding.

I believe Saipem may have been awarded the package1 contract. Will have to check. As a company it works on very low margins

Do go to the hospital. Your partner needs
monitoring. All the best

Not sure it has too much relevance to PFC but Paul Bond has been convicted in his Unaoil retrial.