focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The consensus seems to be that the cost of SFO outcome is costed in to current SP. I did read on this board that there may be a major contract award in the pipeline and I agree that this will I’m sure boost the SP.
I still see sentiment improving this side of ex div. but DYOR
......but as with all of these ore bitcoins they are all probably right if you wait long enough.
In January I think HSBC called it around 600. Couple of weeks later with no change in techs or fundamentals they reevaluate the data that was available when they called 600 and move to 380, or thereabouts. Go figure!
I found this report useful in the context of the marketplace generally. 175 less providers.
http://www.haynesboone.com/-/media/files/energy_bankruptcy_reports/oilfield_services_bankruptcy_tracker.ashx?la=en&hash=2BE6456FA3C1725E6C3588DE59C001602CD646DE
I also liked this.
https://www.petrofac.com/en-gb/investors/net-debt-and-liquidity/
It paints a good picture to me of a company that has weathered the storm and one which has its financial house in order and is therefore well positioned to take advantage of the opportunities in the marketplace.
GLA
DT - you’ve got that right! While they publicly condemn Petrofac privately the world will continue to turn as it always has. I’m messaging from Egypt BTW and I can assure all that the culture remains the same. As they say the river will keep flowing. >Brokers who have short interests I’m sure will down grade.
One thing we know with PFC is volatility is assured and we will all be right in the medium term.
Can’t see the Iraqi thing having too much influence on PFC as the Wood Group is off as much, if not more, as PFC today. I’m back in on the basis that I did not expect an entry level this low for a while. Ex div next week. Could do with a positive RNS though.
Who is to say longs out this morning and shorts out this afternoon and we end the day back where we started!
GLA