Member Info for crl123

Definite recovery play. Watch this space between now and May. Demand for oilfield services will not lessen, especially as Ukraine has turned into a protracted struggle.and Russian oil is only going to India and China. The bad bits are out. Shorters are here so what should we expect? I expect 3 months of buying back. And when recovery ensues, this will rebound through early 2023. The comment about inflation matters too. It is too high globaly and is being addressed.
Petrogac does not have a poor reputation for its services. Preferred list is meaningful. We must just wait a while for shorters to do what they do. Great opportunity at this price IMO , regardless of my 40% loss!!

Bottom drawer for 6 months or buy if you can. Shorters have squeezed it down and recovery will be real in ‘23. To be at 65p? It’s shorters opportunism . Otherwise it would have been just a commensurate drop, not a 50% ( ish) plummet. That is the essential truth. They will be with us for a while buying back at these levels.

The arrival of the derampers is unwelcome but very very predictable.
Shorts may bring this down to buy back , but the loss is already priced in.

Paddy
I wasn’t worried ‘til I read your post :-)
Aaargh.

Ship has a leak, a loose rudder ( CEO) , and multiple barnacles on the hull. You know who. Check out Shorttracker.
I am always interested in knowing of a business which doesn’t (!) have and dodgy dealings. SFO has profited from the norm.
Tesco got away with it and RBS and Barclays and HSBC and Glencore ( just got a fine last week though) etcal.
Corruption is the norm. This govt. lives off , profits from and contributes to it.
Have a nice holiday Baroness Mone. And shame on the DHSC for its opportunism. Never known a market mor a govt. as sleazy.
Roll on new CEO in May as I don’t think the effervescence ( volatility) will settle until the fat lady and shorters have sucked Pfvc dry and departed. A while yet.

Doesn’t have to be a bloodbath though. Shorters normally don’t jump in and out. This bunch will be here a while to bleed what they can. They utterly control the price with their timed 10lk and 15k AT trades. Check it out. They can play for much longer yet. They are usually heavily into a share for months. PFC is normally shorted between 2 and up to 10% but this year was short-free for a long while. Sistematica stay in here. The share may do whatever it does, but we have the devil on our back for a while yet. It’s not all about tomorrow. They will try to deceive us out of our shares in many ways. But they already know what’s in the results and update in my opinion. I have never known the market as corrupt as it is now .

Let it wash over you. Easy mistake to make as some people are nasty. Understand that people get fed up with a**holes delighting in causing trouble. If you can do this, then you might be able to brush it off.
Sorry for you if you are genuine and they got you wrong. People stir …just look at a few on today’s threads.

Whynon Earth broadcast your average to
people ( like me) who hold at ove a quid. Crass. And no it won’t be a multibagger.
I am wearing a knee brace after an accident but at least I have one foot on the ground.

Pat . Your post made me laugh. Thanks.

Shorters rarely lose. They know what we don’t. This’ll be a tricky one I think.

Unfortunately it is very very rare indeed that shorters lose out. Even in the US during the Reddit debacle in lockdown, the hedge funds managed to close the market on a ruse in order to prevent trading. Shorters hold a huge amount of control.
Not since VW about 10 years ago have I ever seen shorters with their personal shorts on fire. I have seen them destroy many viable companies which just needed space with credit or financing but didn’t get it because shorters annihilated the market cap. Trust me, they will come out winners no matter what . Ultimately , the algos control the price, and the shorters contril the algos.It is not true that too much is being made of the shorters here. They are the reason the price has gone from in the 90’s ( rational) to 73 ( highly irrational).

Well..whatever it is, there is definitely something afoot.

Yes they did forecast free cash flow to be flat H2. And their debt. vs. cash is favourable. So there is something else afoot. A Rights Issue at 73p when it was 94p after resignation makes little sense. A Placing would have to be at a huge discount now. An issue with creditors/bondholders is feasible. All of this would have been leaked to the shorters and shared.
Either way, they are set to be here for a while, and it is now over 4%. PFC has always been shorted though. Sometimes hugely more so than now. Sistematica have been in here years. The others come and go. Anyway, I have no doibt that they will keep their teeth in here well into the New Year, regardless of how much lower they push it. I detest shorting and it destroys balanced markets and companies but it is made legal and this amoral chaotic government encourages it by loosening restrictions only last week.

I think there is little doubt that the shorters have shared some insider info re.Tuesday.
However, there will be a bottom at some stage, whether Monday or Tuesday.
And then what usually happens is a share stays at that level and is traded there for a while. The aim is to bring price as low as possible and to try to get as many p/i’s to sell as possible. All meticulously planned in the world of shorting.
Surprised Cape View( leech of all shorters) are not in here.

Sadly shorts normally win. They have knowledge and control that we don’t have. Very rare for them to get burnt sadly.
I detest shorting but the govt. is at fault for its laissez-faire amoral approach. But this govt. has to be the most corrupt I have ever known. I am involved in politics and have been for a very very long time. Boris led to my resignation of membership and I will notvrejpin with the endemic corruption in Parliament. I too am on a big loss getting bigger. At around £1.08p average. I thought that was cheap! I stand to lose a lot but only if I sell which I won’t.
The UT has always confused me in all my years. I don’t understand it. The big trades , as I had predicted before close, did happen. They are cumulative trades which don’t need to be declared. It’s a MM ruse to keep us in the dark as much as a product of algotrades. At 73.45p it is hard to know if buys or sells. They could be the accumulation of either. We can’t know. Lots of shorters are in here and it’s late in the day. They could be gradually buying back or selling more stock which they have on loan in order to drive the price further down. There is more to the Tuesday report than just a sum up. It contains something leaked to the traders in my opinion. Just an opinion. It could be a fund raise. A rights issue would be deeply unfair as so many of us cannot afford to partake. Or an issue with bonds being recalled . The shorters would certainly know about that. I am speaking purely from speculation.
But as I said, the whole thing stinks as obviously somethingbis out there which we don’t know about. But I will hold tight.
I know how long shorters stay. They will be here a while unfortunately.

Leerex. They’ll be sucking mine as well. I am not selling at these prices.
I am not sure if there has been a leak. It is commonplace. The City stinks. It is more corrupt than the stuff the SFO was investigating! Corruption is endemic . Parliament as much as business ! But banks ( all -yes all-the high street banks were found guilty of corruption in the last 8 years), Tesco cooked the books, Glencore just found guilty last week, etc etc. People should wake up to the truth that corruption is how things work. It stinks but it just is how it is. These shorters have some kind of knowledge of-say-a fundraise, that we don’t have. They certainly know more about the upcoming report than we do, so there is a leak. Which is the norm. The City ( like the Tory Parliament) is as corrupt as ever in history. No different abroad. So we can sell out at 73p or 65p or whatever , or we can tell them to go suck them. Yes I go for the latter and will wait 6-12 months plus to see how it pans out.
Btw Petrofac has been awarded contracts recently. That is how it operates. No tangible assets iis an irrelevance. Demand and reputation matter. To demote Pfc for not having assets is sidetracking. That’s not its nature.
So I am expecting more downward pressure Monday and maybe a forced slump Tuesday…but it’ll play out. Shorters want your shares eventually. Plain revulsion at shorting will keep them firmly in my hands….even though the paper loss hurts a lot.

Kairos just gone above 0.5%
It could have been just under.There could be other unreported shorts just under 5%.
Pfc is really being hammered.
It may be a bad Tuesday ahead.
Either way, they normally take a long time to shuffle off, so I expect more games for quite a while. We could indeed see 60p. Ouch for us who are long.Or not.
This shorting game is very stealthy.
It destroys markets-I don’t care what others think of it. It is outlawed in some Eiropean countries for this reason.
See it working now.

Look out for some very very large after the bell cumulative trades.

Shorters are certainly buying back though. Some of them.
Just following the live trades shows this.
A few big ones going through ..all buys. But who knows?

Poor report yes. But that is expected. And was a while ago. The fraud was clear. But there has been fraud in almost every high street bank( RBS/Lloyds/Barclays/HSBC, Tesco cooking the books, Glencore found guilty last week etc etc etc. Fraud in our government. Fraud is endemic.In 2013 , the govt. watchdog company against banking fraud lost its CEO. He abducted to Mexico with the govt. funds. True story. It is the way of the world .
This company is being targeted by shorters for other reasons. We don’t know what.
Or just targeted.
In 2015 Glencore was targeted by Goldman Sachs to 65p. Now £5.35. It was just a target.
There may be something dismal leaked from the report. There may not be.