Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Https://stockcharts.com/h-sc/ui?s=PFC.L
RSI 14 is 23 means less than 30 OVERSOLD.
DYOR
"Exclusive: Petrofac on strategising energy diversification
Petrofac’s new Group Chief Executive, Tareq Kawash, discusses his perspectives on the energy transition and his plans for sustaining the company’s growth trajectory
by Angitha PradeepNovember 09, 2023 04:41 PM GST
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In an industry known for its volatility, 2023 marked something of a turning point. Following a decade of underinvestment, the oil and gas upcycle is well underway and simultaneously, the wider sector is doubling down on its commitment to deliver secure, affordable, sustainable energy. Petrofac’s innovative approaches continue to fortify its position as part of the solution to this energy trilemma, making it an invaluable ally in powering theregion’s future.
This dedication is further illuminated by the appointment of Tareq Kawash as Group Chief Executive in April 2023. Bringing over three decades of rich experience, including tenures at McDermott and CB&I, Kawash’s appointment was followed by a succession of prominent contract awards. His hands-on approach has seen him actively engage at various operational sites, fostering relationships with teams, clients, and key suppliers, thereby embarking on a comprehensive journey to steer Petrofac towards a path of sustained growth.
So, what are his perspectives on Petrofac, the wider sector, and its prospects for the future?
“Before even walking through the door, I already had a good feel for Petrofac. The company had always been a key competitor; I had always seen it as a formidable execution machine, and, as a joint venture partner, I had met many of the people and been impressed by their client-centric culture. Since joining the company, these initial impressions have been validated, and I have been struck by two things in particular."
Shorting increased to 4% by yesterday
https://www.shorttracker.co.uk/company/GB00B0H2K534/
When last time shorting was 4.66 % and share price down to 46 pence. This time shorting is 2.81% and share price touched 46 pence lowest & now back to 54 pence.
But i want to draw your thoughts towards Sainsbury’s
As shorting increased from 2.20 to 4.09 % and share price increased from lowest 1.75 to 2.80 gbp today.
All time increased shorting want help to shorter
Just think for buying opportunity in quality stocks @ cheaper rate.
DYOR
Https://theenergyyear.com/news/petrofac-begins-work-at-uaes-habshan-complex/
Https://stockcharts.com/h-sc/ui?s=PFC.L
Rsi 14 is nearly 23 means OVERSOLD
Heavily bounce back will start
Wrong time for increase shorting.
1, they wants to closing down shorting
2, they are offering cheaper rate shares while they are closing shorting
3, After winning all contract without any negative news it is worth to take opportunity
DYOR
TAKE OVER is most likely due to BOD are unable to buys shares @ this rate or range. After winning good size contract, Rating is upgraded, Bank facilities extended.
I look forward to hearing good RNS very soon.
DYOR
Https://stockcharts.com/h-sc/ui?s=PFC.L
RSI 14 is less than 27. Means less than 30 is oversold in the market.
DYOR
Https://stockcharts.com/h-sc/ui?s=PFC.L
RSI 14 IS LESS THAN 30 MEANS OVERSOLD FOR THE TIMING
Nofear gr8 find and no wonder BOD purchased the shares recently.
Looking forward on Monday opening
Good luck
Current RSI is 32.49 as per link posted you maybe seeing yesterday one which was not updated. Please check?
Https://stockcharts.com/h-sc/ui?s=PFC.L
RSI 14 Near to 30 means OVERSOLD.
DYOR
Copy from Advfn board.
We are on TAKEOVER TARGET. Shorting is not increased. More than 5% shares change hand when large transactions traded within a week still no one came forward as a stake holder. Share price all time nearly low. CMP is less than 300 millions. Debts is low when interest rate is high. Recently contract win worth 565 Millions. Plus BOD Recently shares purchased.
Sorry if i forgot anything please add it.
Good night and good luck.
Https://www.shorttracker.co.uk/company/GB00B0H2K534/
Further shorting reduction to 1.41 %
Good luck
Copy from ADVFN
Petrofac shorting declared around 1.99%
and sleepers shorter around 2.5% plus undeclared. Just waiting for the Shorter activity for the closing shorting. For nearer price i am looking 1 gbp plus.
htTps://www.shorttracker.co.uk/company/GB00B0H2K534/
Good luck
Any view?
https://acrobat.adobe.com/id/urn:aaid:sc:EU:1d42948e-cdd1-419c-9adb-4ca2019eb17d