Member Info for Bluelight

I don't know the exact rules, but I'd be surprised if a company has to state every contract they win in an RNS. I don't see other companies doing it. I think they just choose to, but now seem to be changing and not bothering. That contract extension is on their news page, but not in an RNS.

I've started noticing that too lately. I've picked up on them winning a couple of 100m plus contracts but they have not come out with an rns on any of them. I'd assumed it was because they hadn't completed the paper work on the deals, but looks more like a company decision not to state them in an rns now.

Actually wasn't only Jefferies that upgraded PFC. Today also seeing upgrades from Kepler Cheuvreux, and JP Morgan (Price raised to 680)

Congratulations. Why the need to inform everyone?

I disagree there. I feel it gets walked down because its a day traders play thing, and gets stuck in trends way too much because these guys don't care about fundamentals. The same when it went up, that was probably 5-10% too much on the up move. But to be trading here with oil at $76, and performing every day worse than the sector, peers, and the market is just embaressing.

It's now down 25% on where it was last month, and oils dropped a whopping couple of dollars. Talk about overdone.

Indeed, it's just a waiting game now. For me the low market valuation is irrational, so it's just a matter of waiting until the momentum changes. At the moment its only trading down on momentum, and it's ignoring fundamentals. I'd be very surprised if there weren't an attempt to takeover PFC, but as mentioned Asfari would be a blocker if its not at the correct valuation.

Personally I'd rather they said less because every time they make a statement the market batters the share price regardless. In this case, less is more beneficial. I think their investor relations are finally learning.

I'm getting bloody sick of this price manipulation. PFC is rapidly becoming an absolute dog. Take it private for Gods sake.

Paint, and Dry

Everyday I expect a bid RNS. Just waiting for the day when it arrives and I get my target. Today, Tomorrow, a month... Who knows. It's a waiting game

Oh to log on one day and actually see something interesting for a change, incredibly dull market

Another day, same old action. Incredibly boring. Wake me when it starts to behave more rationally. At least the world cups on to keep us entertained

A royal pain that. Wanted to trade first thing for an up move, but all online dealing was down. Now its up and I've missed out

Its incredibly difficult to be a good short term trader, as that's dominated by hedge funds and banks prompt trading desks. Its impossible to know what will happen day to day, depends on their strategies, which can change in an instant. Longer term trading is much easier, and much more profitable (certainly for me anyway). Take a view on the sector, think about likely developments over coming 12-18 months, if its bullish sit back and let the returns roll in, just like it is doing now. We are in the upcycle, but there's a long way to go for the oil services sector to go up, with all the new investment which will come on over the next few years due to better oil prices.

You've been in long enough to know it comes in spurts. Its very common to not have news for 2-3 months at a time. Regular RNS's only matter if you have a very short term trading mindset. You are invested so you should only look at the overall picture, and take a view on the sector going forwards. How you see that sector should determine your bullishness or bearishness, and your trading strategy should reflect that. I know its simple thoughts, but sometimes I see people letting very short term issues affect their longer term strategies, which is a cardinal sin in my view.

Contracts are won randomly depending on tender dates, PFC can win multiple in a matter of days and weeks, or none for a few months. This is the case, and always has been the case throughout its history. It surprises me RDR that you raise such a thing, given you know this as well as anyone else on this board given your historic postings on here. A cynical person would associate your reversal in tone, and your changing view, with your decision to get out at a lower price.

Volumes non existent today, tells you all you need to know. Games again

This will gap up tomorrow. Been a battle to keep it down at 570 today despite a roofing oil price. Other oilers performing very strongly. I see a very strong open tomorrow to play catch up.

Weve all seen it before. I remember this dropping from 450 to 390 for no reason. Its just part of PFCs character. Trends up, short term up/down 10 15% is fairly normal, frustrating at times but lets be honest, its why most of us are here. Trick is to invest at different levels and not worry about timing it perfectly