Member Info for laidback

Meanwhile Pfc carries on with the work it does so well ....

Were at it all weekend lol

4% of world oil production

Petrofac free to compete for remaining 96% ...

Has been going for decades and part of the oil industry infrastructure.

The Sfo investigation will end sooner or later, my bet is sooner. Whatever the outcome of that you can bet shares will surge with uncertainty gone. Oil price is strong and oil industry looks set to bounce back strongly.

This is a long term multibagger imo, x5 at a minimum. This is the lowest sp in one of the worst periods for world economy.

But im not losing any sleep here...

No sign of customers staying away ...

World class company !

And oil industry is just starting to wake up !

Keep in perspective !

Only 8% of total upto June 20

This move by UAE is only because UAE was named in the furtherLufkin charges.

UAE is runnimg out of oil very quickly. Other areas of world growimg much faster in terms of energy development.

It is ONE public company and thevreadon was Lufkin connection to ADNOC
Decision will be peridically reviewed by ADNOC
Oil activity in 2021 will increase as wotld bounces back
Petrofac have projects all over the world

Won a conteact in Oman a few weeks ago !

This has not had any post covid recovery yet. So theres at least a 100% minimum bounce due over next 6 months imo

sharefall i agree this will mutibag in time

But you need patience of a saint with all the games being played

Imagine waking up to an RNS that SFO have closed their investigation ...50-100% rise easy imo

Wood Group up 5%

You really do need a lot of patience here !

Am i being simple when i assume you need a court case before any fine ? Otherwise SFO would be fining left right and centre. No charges against Pfc after nearly 4 years. All looks a bit sexed up to me !

In the meantime contracts continue to roll in .... 2021 could be best year ever for new business imo !

CHR155
But even at £2 there is a risk, like with all investments.... and there's always issues with any investment

Its the risk/ reward ratio which is very attractive here imo

Ccooper

They have cut a lot of costs for 2021 which would more than offest the reduced turnover imo

Also look at recent order wins which are not yet factored in future projections. Everyone expects a huge bounceback in 2021 world economy's as lockdowns are lifted post vaccine, which means more demand, and more energy consumption.

By 2023 the world economy should be roaring again and Pfc should be back to 300p imo

Gl All. DYOR

Should get much busier...shake will be taking off again !

Between now and results day !

So when do we expect the huge short squeeze here

What's the longest SFO can drag out this saga ? Must be an embarassnent for them at some point

Pfc seem to be a world class business at rock bottom price