Member Info for Duncan_Thickett

A second news story is on the PFC site this morning, in addition to the BP contract. An LPG project for OQ has been commissioned in Oman.

https://www.petrofac.com/en-gb/media/news/oq-lpg-facility-commissioned-in-salalah-1/

Have a look at 4thtiger's posting history in PFC. Almost entirely negative. Each to their own but I think now would be a good time to close any outstanding short. Just ask Blackrock.

I actually think the SP is holding up nicely, given the current low volumes. These are the times that the price is often manipulated downwards. Any whiff of good news - new contract or positive SFO news - and this flies.

DT

Worldquant down by 0.09% to 0.67%. Total notifiable shorts 3.71%.

I agree. It's bounced off 134 three times since the UAE news in March, but I think we'll push through next time to the 150's.

Theres no obvious news due until the Lufkin mention hearing on 21st June, so hopefully we have 7 weeks of price appreciation to look forward to.

DT

Ha, well £4 / share would make me £170k. So yes please.

DT

Yes I expected a drop too, so I'm very happy with this mornings performance.

With 2020 results out of the way, and barring no more unpleasant surprises, I'm expecting a gentle return to the 150p+ levels. With SFO closure...well who knows. 250p?

Thanks Slift, a very worthwhile read.

Also, Capital Fund have only increased to 0.51%. They could have been sitting at 0.49% for months and never had to notify, as they were below the threshold.

Great news that Blackrock have reduced further. Follow the smart money. BUY !

Please excuse caps - copied. DT.

SOCGEN RAISES PETROFAC TO 'BUY' ('HOLD') - TARGET 167 (107) PENCE

Blackrock down 0.26% to 1.28%

Capeview up 0.03% to 0.9%

Worldquant up 0.08% to 1%

Overall short interest 3.92%

Blackrock down 0.54% to 1.54%.

Engadine increase by 0.11%

Worldquant increase by 0.07%

Overall shorts DOWN to 4.1%

Ignore the noise and stay strong. £2 by the summer.

DT

Worldquant increased their short yesterday by 0.11%. Overall reportable shorts 4.43%.

Would be nice to get some good news on contracts / SFO.

DT

Rye Bay now down by 0.3% to 0.2%, so they are no longer reportable.

Engadine are being contrary and actually increased by 0.1% to 0.63%.

Overall reportable shorts now down to 4.32%.

DT

I'm keeping my 50k shares. Target £2 by the summer, but it will be higher should the SFO close the investigation.

Even if this drops a little tomorrow, it will only be temporary. Be brave and don't be psyched out by the BS you read on this forum.

* without

Reduced by 0.48% yesterday to 1.18%.

I love the way shorters can crash the SP 30-40% on a single day, yet are able to buy back nearly half a percent of the entire company within creating the slightest ripple on the SP.

More good news:

Blackrock down a further 0.6% to 2.08%
Rye Bay down a further 0.63% to 1.66%
World quant down 0.11% to 0.86%

So total declared short above 0.5% is now down to 6%, and we're down to 7th in the shorting league table!

Great to see our biggest two shorters, Blackrock and Rye Bay, continuing to reduce! Long may the squeeze continue!

£1.35 tomorrow?

Yes Poker, great news...0.69% off the Rye Bay and Capeview shorts just yesterday. Rye Bay have gone from 3.36% to 2.51% in the last 3 days.

Beautiful