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Indeed - DavidW2016.

Honestly speaking, I didn't know or think PFC had made that much impact based on what we see news wide. It's only these instances we come to know, but this is an Awards, so tell us what you are really doing in the background because that usually means there is a lot of work done to build up to the Awards etc.

Middle-East is starting to lead on sustainable life. Not just energy sector but quality of life too, and how they want to live. Being an engineering firm, they can easily go beyond just oil & gas construction - they have assets and skills to upscale.

That would be my 'blue-sky' thought for PFC.

Https://www.petrofac.com/media/news/petrofac-receives-the-gold-seal-for-creating-sustainable-impact-in-the-uae/

Petrofac receives the Gold Seal for creating sustainable impact in the UAE

Petrofac has been awarded the Gold Impact Seal for delivering on our sustainability strategy in the UAE. The Impact Seal is the country’s official federal recognition that certifies, measures and rewards entities leading sustainable impact practices aligned with environmental, social and governance (ESG) criteria, the UN Sustainable Development Goals (SDGs) and national priorities.

The award of our Impact Seal highlighted areas of excellence including the alignment of Petrofac’s procurement approach with the UAE’s national objectives and driving in-country value. Advances in new energies and digital solutions to overcome sustainability issues were also commended, along with our approach to promoting innovation in the workplace.

We have some how come back to the same price range as just before ADNOC contract. How is that even possible? There is only one answer now, as I had mentioned last week. There is no reason at all to back in low 70s!!!!

Re: 4.644m share - I think GLG and/ or Millennium took out new positions, or some of the others are reducing...

The ADNOC contract should be seen a clear sign of confidence that the last leg of uncertainty is not in question anymore. To question the timing of events and awards, one has to look at was it just by chance or a company that is now fully capable. ADNOC think so, and so do their other customers.

We should be heading towards the 100p in due course (hoping within a month or two), and then after we are back to where a lot of people hesitated. To those that were able to buy and hold in 50's, 60's and 70's onwards - good job - it will pay off in the (near) future. Confidence is the key in this business, backed by sound company fundamentals.

I still there there is a contract from Saudi to come; Aramco is my mind.

After all the latest news and contracts, if this SP still hangs around 70p range or even mid-80p range, then we know for 100% fact that there is abuse of market going on. We should have been in 150p plus as at todays news, plus all prior news and awards.

Great news!

I was talking about ADNOC on Monday this week with fellow poster - Sm66.

In fact, I actually had a dream about it on the weekend gone....

Dreams can come true after all?! lol

Have a great weekend all LTH and Buyers!

I was thinking the same thing on the weekend Sm66 - they also said a lot of work is initiated from Sharja hub, so ADNOC is lined up well as per the past.

Takeover would be amazing if the share goes to £2+ , Maverick - hope you and others are right; we need a lift off.

Probably see some short positions change between today and tomorrow.

I still have this feeling that PFC are closing off some big deal(s) like TenneT soon, which should set this stock to where it should be - well over £1.50. That said, I think we would have been there already based on all the contracts, news and events.

Although TO might not always go well, I do think it could be our best option to seriously take PFC to a new price range. If WG is anything to go by, then from 70p range to £1.80 to £2.50 (on news of TO) will wipe out most of the shorters. This will then get us back to pre-summer last year when things were moving along at steady pace.

Just a thought as many have said similar...

This is great news, but what I think we need is a jump of 15 - 20p - that way the shorts will be forced to close and/ or will find it harder to bring down SP (as it has been lately) and most likely will have to take out new positions or default/ margin call. At present they (shorts and others) are able to manage the 5-10p upward movement to their price range.

100% agree Ftsefan, and DavidW2016.

I have always wondered where PFC is overall; there are way too many firms still on small % (less than 0.5%). But that also means a lot of them can come out a lot quicker than others, which will have a domino effect on others - great news for long buyers.

How many of these gaps are still open to be filled around these price range. Why does it take so long to fill them up?! It's like its being used a tool/ option to keep price down.

Let's see if Cube benefits from this drop, and the others too.

IR team have fallen asleep again maybe, re: RNS.

That along with some new contracts I think is coming our way. The shorters need to start reading the signs and get out within a month.

Cube probably managed to get a new price yesterday or today - some push happening this morning.

Hi LeeRex,

Good to speak and morning all. Yes, good point and therefore, it would be unrealistic for PFC to expect such offers from PE, as much as we would love that. A £2.50 would be a great T.O. base price, and upon full completion it is likely to go in to £3.50 plus (end of the year with T.O. and no screw-ups in between).

From what I read the divs are likely going to be introduced upon break-even, by which point the share price has to recover quite a bit too, around the £2.00 plus mark according to some chart markers I saw.

There is still a mixture of matters for PFC to deal with, mostly financial; if II's and anyone else are waiting on that, they are mixing the high volumes around the current price range - also depends if there are enough shares for such groups.

I was expecting this to be in 75p - 80p by now.

Astaris had reduced last week (0.10%). I suspect Qube will need to try as well. I am watching GLG carefully because they should be out soon unless they have bigger fishes to fry than they PFC one.