Member Info for Bluelight

It often goes up on ex divi day. My thoughts are its because it's day traded by a lot of amateurs, so when it doesn't drop on ex divi as they would like they rush to close out. That combined with people who sell the day before ex divi only to buy back in the next day having seen their strategy fail, for similar reasons to above. Happens alot.

Yesterday

And not to forget that Chinas go to response in the face of economic uncertainty is to pump staggering sums of money into infrastructure heavy investment, which is very bullish oil. Virtually every past uncertain time has resulted in an action such as this. Anyone believing that China will be impacted is kidding themselves. It's not an open economy like Europe/US, so cant be judged the same way.

So for me its all smoke and mirrors. Sensationalised to get column inchs when in reality the impact is negligible. All in my view of course, but at the end of the day I only trade on my view, not other peoples.

All true, however... Its only inflationary to the extent that it rises above domestic prices, i.e. Imports could in theory be replaced by domestic output which could even add jobs (particularly in america). So theres a natural inflation cap there. Theres also a point that the US is deliverately avoiding consumer goods which would insulate the consumer from the majority of any effects. Also higher inflation, if you take that as standalone is good for oil companies for the following reason. The dollar strengthems as its a defensive currency, which means income in dollars when translated to local currency gives higher earnings for those non us companies, such as PFC. I take your pont on a potential Chinese slowdown, but I've heard that before, over many years, and one thing Ive learnt is never under estimate the Chinese governments impact on growth through central planning.

Guess it keeps the journalists in a job for a while. Always makes me laugh how they sensationalise things. Honestly, does the US changing their mind on slapping a tariff of imported Cinese bike helmets actually make much of a difference on my decision to invest in Petrofac... Much ado about nothing

Anyone else bored with these tariff backs and forths? It's in the news so much it loses all relevance to me. Time they focused on something else, its all getting quite tiresome now.

If only I could :)

All morning have the song in the head "When will I, will be 800", version of the old Bros song "When will I be famous". Can't shake it.

There goes $80/bbl oil. Next stop $100

Understood. Not a fan of the buying in and out trading style myself, prefer longer term investments, adding on dips. You don't lose any money holding for targets.

Patience ifonly. 630 is way too cheap. It should be over 700 already, it will be soon enough.

What a difference a day makes. Business as normal again, as annoying as it was to dip it was nice to be able to add some more in the 590's.

Ditto. At this price versus my target its a 35% upside, so a no brainer for me. Obviously I'd much prefer it was already at my target given my existing holding, but its all about the long game.

Unfortunately the modern markets are broken. The market no longer values profits, improving business, or strong underlying fundamentals. The only thing it cares about are providing ridiculously high valuations to internet based companies that make massive unsustainable losses, or jumping around on every little political comment regardless of relevance. The sooner PFC is taken private the happier I will be. In fact I believe there are quite a few good companies around that I feel would be better off being taken out of the market and into private hands.

Honestly beyond caring now. Ive put my money in it for an 800 target. Just going to leave it now with my alerts set on the way up. Tired of it being played with so will just earn the divi income and wait until it finally reflects reality.

Added another 10ks worth. 590 with oil at $78/bbl, remarkable

Well theres about 700m in asset sales coming in q1. PFC will then either be a near zeeo debt company if its used to pay off debt, or as i think more likely a very good divi payer

All these macro news stories change day by day, I put no faith in them. I was a commodity analyst for many years, i learnt its all just noise. It masks fundamentals which is all i care about as an investor. In my view the modern market is broken. It puts no value in performance and potential. Too many bedroom laptop technical traders distorting markets.

Who knows ifonly. Its only 2% away so i suspect it will test it. But its irrelevant, its just a number. Whether its 350, 500, 600 or 679 its still a buy for me. Im invested for 800 as thats what I value it at. I dont get worried about 10% moves up or down. Im in it for a return not a speculative punt.