Member Info for Bluelight

I think that's a mistake. I used to be heavily into the house builders, but that sector has broken out to the downside, and fundamentals weaken each month for housing. The house builders incomes have peaked, and will now move into a down cycle. All just my opinion of course

If you think about it logically, virtually every oil analyst is predicting a supply crunch over the next few years, which is likely to lead to +$100/bbl, and corresponding investment increases. If PFC continues to be undervalued by the market, for sure its peers wont undervalue it in that environment. No doubt whatsoever it will face an aggressive takeover approach. Personally I'm surprised it hasn't occurred already, it's just a waiting game.

PFC in its current form wont exist in 4 years, it will have been taken over long before then.

Someone is doing their damdest to keep it at 570 today. Interesting how Glencore, in my view the most corrupt company traded in the UK, gets hit with a series of potentially massively damaging investigations, and the share price barely budges. Yet we get unproven issues linked to other companies and the share price gets dropped by 70%! This market utterly baffles me at times.

No I dont have any interest in trading oil. Too exposed to political interference. Prefer oil based companies

Its not that long ago oil was well over $100. People just have short memories, and when prices are low expect them to stay low forever. They never do. Its a cycle.

I see $100 brent as virtually guaranteed this year

Oils up move has a long way to go. Theres been a decade of under investment and now its starting to show. Tender activity will pick up substantially over next 12-24 months. The oil markets very cyclical and we are now in the investment phase again. Form your own views on the implications for PFC. Wasnt far off on my $80 target this morning

Then when it goes over 600 ifonly have patience and wait for a decent profit before selling. No point holding it at a loss when it was at 525, if you sell it when you breakeven. You should sell when your profit target is reached, not before

Unlikely as oil is very strong, as is the overall market

You need to learn from your past mistakes ifonly. I'm not going to give you advice. You know yourself by now that patience always pays off, and constant in and out loses you money.

It has a habit of following it down instantly though, but lag woefully wen it goes up. Just one of PFC's lovely little characteristics that we know and love

Would have thought we'd be up around 600 today to be honest, what with oil tearing it up again. Still, plenty of time

Got a feeling Brent might hit $80 today

For me large shorts when sentiment has turned positive is a good thing. Most of those shorts will have been added on the momentum down. Now momentum has shifted those shorts will slowly close, increasing the upwards momentum. Its why we always over/under shoot too much.

Ifonly, you really need to learn to be patient with PFC, and any investment for that matter.

Maybe £17 is a bit much, but over 2 or 3 years could easily get back to £12. My target for this year is the 700-800 range.

There will be some very annoyed people who sold on the 520's and 30's. That's the thing with Petrofac, its a sentiment stock, and as soon as sentiment changes prices move sharply with it. Looks like sentiment has finally flipped back.

Reading up on it, looks like you are only obliged to release an RNS for something that is likely to materially affect the share price. Given the market has recently done nothing with any contract win less than $1bn, then it seems fair for them not to bother.

Personally I don't blame them. It makes no difference to their share price when they put it in an RNS, as market ignores the fundamentals and most contract wins. So why pay to put it in an RNS, when you can just put it on their investor relations site.