Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thanks for the post.
We can see the bounce back on Monday and contract win RNS plus shorting reduction. Price increase will be bonus
Good luck
In March, TenneT awarded an initial package of contracts to three consortia: Hitachi Energy/Petrofac, with six projects; GE/Sembcorp, with three projects; and GE/McDermott/Sembmarine, with two projects. The total came to $25 billion worth of industrial activity.
On Thursday, TenneT awarded an additional $8 billion worth of work for the last three systems to Hitachi Energy/Petrofac, GE/Sembcorp, GE/McDermott and Siemens Energy/Dragados. The core components of TenneT's proprietary 2GW power transmission system will be built in Europe.
In March, TenneT awarded an initial package of contracts to three consortia: Hitachi Energy/Petrofac, with six projects; GE/Sembcorp, with three projects; and GE/McDermott/Sembmarine, with two projects. The total came to $25 billion worth of industrial activity.
On Thursday, TenneT awarded an additional $8 billion worth of work for the last three systems to Hitachi Energy/Petrofac, GE/Sembcorp, GE/McDermott and Siemens Energy/Dragados. The core components of TenneT's proprietary 2GW power transmission system will be built in Europe.
"PARIS, April 19 (Reuters) - Air traffic is on course to break above pre-pandemic levels buoyed by a rebound in Chinese traffic after extended lockdowns, Airbus Chief Executive Guillaume Faury said on Wednesday.
"The reopening of China is proving to be a strong driver of air traffic as it progressively recovers, and all regions should now converge towards normalised levels or even higher levels than before COVID," he told a shareholder meeting monitored by webcast.
The head of the world's largest planemaker voiced disappointment, however, with the speed of recovery of supply chains, telling shareholders Airbus had not been satisfied with deliveries that fell below company forecasts last year.
Company chairman Rene Obermann kicked off the Amsterdam meeting urging European nations to "get their act together" on their quest for strategic autonomy amid the conflict in Ukraine.
France-based Airbus is a major European defence contractor with a stake in Eurofighter combat jets as well the future Franco-German-Spanish FCAS air combat system.
Russia's invasion of its neighbour in February 2022 has fuelled extra defence spending and rekindled a debate over Europe's dependence on the United States for its security.
Airbus named former Rolls Royce aerospace division chief Tony Wood to its board, mirroring a similar position held by former GE Aviation chief David Joyce at Boeing.
Analysts say the two planemakers are increasingly aligned with their respective wide-body engine suppliers, though engine makers supply multiple platforms and GE has a key role on both narrowbody brands through a joint venture with Safran. (Reporting by Tim Hepher Editing by Mark Potter)"
https://www.shorttracker.co.uk/company/GB00B0H2K534/
Further reduction.
https://m.marketscreener.com/quote/stock/IOG-PLC-14424335/news/Drilling-Update-43526707/
They have played ping-pong game.
Once they reduce other shorter appear and when other shorter has closed the deal they increased shorting.
Basically they just trying to maintain pressure on shares price. But they already lost the control on share priced. Now how to collect the shorted shares from market is a question for them. They get one week before to reduce the shorting before 25th April 23 update?
Liquidity
Net debt at 31 December 2022 was USUSD349 million (3), with liquidity of USUSD506 million (4).
Petrofac remains focused on ensuring the Group has sufficient liquidity to support its strategy, including unlocking the significant working capital balances built up over the period of the pandemic, as well as collecting cash advances on new awards.
The Group has made significant progress in extending its borrowing facilities, having reached agreement in principle with its lenders to extend all three facilities by 12 months to October 2024. We will update the market following the signing of the extension agreements.
Liquidity
Net debt at 31 December 2022 was USUSD349 million (3), with liquidity of USUSD506 million (4).
Petrofac remains focused on ensuring the Group has sufficient liquidity to support its strategy, including unlocking the significant working capital balances built up over the period of the pandemic, as well as collecting cash advances on new awards.
The Group has made significant progress in extending its borrowing facilities, having reached agreement in principle with its lenders to extend all three facilities by 12 months to October 2024. We will update the market following the signing of the extension agreements.
Shorting reduced 3.08%
https://www.shorttracker.co.uk/company/GB00B0H2K534/
Now all shorter are 69 % to 51 % range. They holding shares from last Thursday till today approximately 9% shares traded and 1.10% shares has been reduce so far. No one has came forward with stake holders.
Next week will be crucial as ISA & SIPP top up. Retail investors are going for top up
Slightly further reduction
https://www.shorttracker.co.uk/company/GB00B0H2K534/
Directors can not buy the shares till 25th Apr 23 Blackout periods. after result we can see the purchase of share by director as 13 Billons euro contract they win.
DYOR
95 pence plus. I am happy with strike back to our friend shorter who offer me @ 49 pence my last lower price purchase ( i chase them from 76 pence till 49 pence which i never thought that price but lucky for winning of contract by petrofac for renewable energy was my target)
Renewable energy and carbon capture is my next target plus Wood group takeover story. Petrofac updates & maybe we are on takeover target before Wood group.
Fingers crossed & good luck
After receiving 13 billions € contract is renewable energy.
There are more contract win in pipeline & one day oil cut want effect on doing few months planning on dealing.
Have patience for bounce back plus last 2 working days shares trade as shorter are looking for shelter
They will take advantage of 3 days reporting fot other shorter to closed the shorting .
Please note that last 2 days turnover is important as yesterday 10 millions and before that 25 millions shares traded. Neither shorting reduced or stake holder's declared
DYOR