Member Info for kirti12shah

https://m.marketscreener.com/quote/stock/PETROFAC-LIMITED-4005555/news/Algeria-s-Sonatrach-signs-300-million-EPC-contract-with-Petrofac-41888661/

https://m.marketscreener.com/quote/stock/PETROFAC-LIMITED-4005555/news/Petrofac-secures-field-maintenance-services-contract-extension-with-ADNOC-41858185/

https://www.independent.co.uk/news/business/rolls-royce-nuclear-reactors-modular-b1954284.html

https://www.independent.co.uk/climate-change/news/mini-nuclear-power-rolls-royce-b2016752.html

Capita, up 8.9% at 27.78 pence, 12-month range 19.89p-55.98p. The outsourcer reports a contract extension and a business disposal. Capita secures an extension worth GBP42.7 million to its contract with Barnet Council. It could be worth up to GBP57 million with indexation and potential additional work, it adds. Separately, Capita says it has agreed to sell payments business Pay360 to Access PaySuite, a division of Access Group, in a GBP150 million deal. "The sale will help reduce indebtedness and provide additional liquidity, which together shall further strengthen Capita's balance sheet, whilst also allowing Capita to enhance its digital offerings for clients," the company says.

https://www.petrofac.com/media/news/petrofac-and-oman-hydrogen-centre-collaborate-to-develop-the-sultanate-s-green-hydrogen-capabilities/

Https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=PFC.L

Shorting started to reduced
https://www.shorttracker.co.uk/company/GB00B0H2K534/
Good night

When you see target price for petrofac 1.50 to 2.10 pounds
This is a good opportunity for entering
Good morning and good luck

https://www.petrofac.com/media/news/first-power-at-scotland-s-largest-offshore-wind-farm/

Citadel Advisors LLC0.49%22 Aug 2022
Close shorting by reduced to less than half %
Good morning

Shorting started to reduced
https://shorttracker.co.uk/company/GB00B0H2K534/

AGREEMENT WITH SHELL FOR PHASE I DEVELOPMENT GAS OFFTAKE
ENGINEERING STUDY

Highlights:

Agreement has been reached with Shell to conduct an Engineering Study for the preferred
offtake route and agreed tie-in option for the Phase I field development.

The offtake route is via a tie-in to Shell's Southern North Sea infrastructure for transportation to
Bacton for onshore processing and delivery to the UK Gas National Transmission System

The Engineering Study will be conducted by Petrofac and will provide a basis for design and cost
estimate for the preferred gas offtake route for the tie-in of Hartshead facilities and the required
brownfield facilitv modifications.

Shell will provide assurance on the final study prior to commencing Front-End Engineering and
Design studies.

Hartshead Resources NL (Hartshead, HHR orthe Company) is pleased to announce that it has entered
into an agreement with Shell UK Exploration & Production Limited (Shell), to undertake an Engineering
Study for tie-in of Hartshead's Phase I gas field development to Shell's infrastructure. The Study
agreement will provide a basis of design and cost estimate for the tie-in of facilities through Shell's
infrastructure detailing the required brownfield modifications as part of the gas offtake route for the
Anning and Somerville gas fields.

The study work will be undertaken by Petrofac and managed by Hartshead. Shell will provide project
assurance, prior to entering the next phase of engineering work, which is the Front-end Engineering
and Design (FEED), prior to final Field Development Plan (FDP) submission to the UK government.

The Engineering Study with Shell will define Hartshead's route to transport its natural gas and
condensate to the prospective points of sale and is, therefore, a critical component of the future FEED
and FDP workstreams.

Bought few more for average down and happy with my purchase
It is one off the company to used nuclear power to generate electricity, hydrogen as a fuel + build engine to work with SAF what else you want
Good afternoon

JP Morgan stays 'overweight' on Petrofac, says bid pipeline 'growing and accelerating'

Thu, 18th Aug 2022 15:01

(Sharecast News) - Analysts at JP Morgan reiterated their 'overweight' recommendation for shares of Petrofac following a meeting with the oilfield services outfit's management during the preceding week.

Management's highlighting of higher odds of larger scale awards and confidence as regards their ability to beat a book-to-bill ratio of 1.0 into year led the analysts to retain their conviction in the group's ability to beat its peer group.

They conceded that the company's steer on free cash flow over the back half of the year and working capital situation had "increased pressure on a cash flow turnaround from 1H23, which is a headwind to the investment case."

But cash flows from its Integrated Energy Services unit offered line-of-sight on an improvement.

As well, cash advances on new contracts and commercial close outs could turn sentiment around, they said.

Furthermore, the bid pipeline was "growing and accelerating".

"Indeed such is the volume of work being planned by certain key customers, that beyond the orderbook growth that we look for in 2H22 and 2023, PFC may see its E&C division benefiting from longer duration agreements."

JP Morgan had a 175.0p target price on the shares.

Due to shorting increased and share price rise it may be indication.
We never know but it is good for shares holders.
Good morning and good luck

I have purchased few more yesterday due to shorting declaration of increase.
Some how they wanted to hold price before sudden rise. Why and what is a reason for increase shorting @ bottom price ?
I am waiting for RNS for big contract win.
Plus delay in contract win is good news for the Petrofac due to inflation problem.
GOOD AFTERNOON AND GOOD LUCK

https://www.petrofac.com/media/news/construction-starts-at-refinery-modernisation-project-in-lithuania/

https://www.lse.co.uk/news/RR./rolls-royce-first-half-profits-fall-but-fy-guidance-backed-e69wpwfi6o784va.html

https://www.shorttracker.co.uk/company/ES0177542018/