Member Info for Neversellshell22

Two thirds of the production are gas as well...

Shell are certainly tidying up.....

No improvement but who knows where we will go today.....

Drifting time maybe.....

Oh for a Whopper of an RNS

https://www.londonstockexchange.com/news-article/CNE/proposed-acquisition-of-egypt-portfolio/14892341

Goldman Sachs see oil at 75$ dollars by Quarter 3....

https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Sees-75-Oil-In-Q3-2021.html

So what does this mean for Petrofac.....

Well it means oil companies are making more and more money so will be looking to produce from more and more fields and need more and more infrastructure....."Hello Petrofac....Can we help you"......

Looking good.....

Oil holding up well and hopefully that will slowly flow through into new work and contracts for us.

Got to say the future is looking more and more positive.....Despite our regular visits from the Doomsayers.....LOL

Here to a good week for everybody..

What are you on about?! Since when did an oil services group with a £3bn sales base and 7%+ normalised op margin, trade at 0.4x ev:sales in a rising oil environment? That's what you get to with a $400m fine and a 200p target. Try 0.7x - which gets us to £4+. Stick to Royal Dutch :)

I know its on their web site and is also a couple of weeks ago but I like this bit.....

"Petrofac’s expertise has been used to upgrade technology and equipment, taking one of the Middle East’s biggest upstream projects into a new era".

One of the Middle East Biggest project.....So a very very serious player....

https://www.petrofac.com/en-gb/media/news/a-new-era-of-export-oil-operations-in-kuwait/?utm_source=social&utm_medium=amplify&utm_campaign=projects&utm_content=a-new-era-of-export-oil-operations-in-kuwait&hsamp_network=twitter&hsamp=baWutD7Y1SQdA

https://www.petrofac.com/en-gb/media/news/a-new-era-of-export-oil-operations-in-kuwait/?utm_source=social&utm_medium=amplify&utm_campaign=projects&utm_content=a-new-era-of-export-oil-operations-in-kuwait&hsamp_network=twitter&hsamp=baWutD7Y1SQdA

Everyone who holds Petrofac should be concerned about the allegations.

As has been so well put there is a risk here and it’s a risk verses reward share.

In time in my opinion we will do extremely well which is why I’m a holder...Others see things differently. Just hold to the fact that everyone on these boards always talks their own game. No one knows how this will end we just have our thoughts, reasons and views..

Good luck..

Don’t think any of us can comment with definite certainty....

The 2 things we can definitely say are...

1 Petrofac have stated winning contracts this year as per RNS and their web site.

2 There likely to be more projects planned this year than in any time in history.... There are several reasons for this,..Firstly there have been extremely low investment in new oil and gas projects in the last few years not withstanding last year which had the lowest investment in decades.

3 The Green / Renewable world is going bonkers and there is literally Trillions being invested in this over the coming years,,,,

Petrofac is a renowned world class company with several renewal projects already and an has a good record of winning major contracts.....

There are a few who are negative towards Petrofac but My thoughts are it’s an amazing investment.

Like any share investment it’s could go pear shape or could do great.....

So with the stimulus package passed and oil up since we closed on Friday where do we go on Monday......

Another little dance upward.....???

That what I thought.....

Possibly one of the worst stocks to short......Unless there is some kind of leak or corruption....

Onwards I say.......

So to be clear Chris, these people are currently not shorting PFC but will do from £1.60...

That doesn’t make much sense (to me)....

Surely they would short for a reason or with expectations of something and not on a whim....

Very Interesting......lol

Hi CSB,

A bit disappointed in your comment which are completely incorrect.

Out of my hundreds of Petrofac post I would love you to point out just 1 that is decamping which is what you accuse me of. In fact you will find several where I have attacked deramper....the last one being 8.29 on 5th March...

I have a very significant sum invested in Petrofac and like most of us are hoping the future is positive....

My comment about shorts being very interesting as I clearly explain was to try and ascertain how they work, where they started etc...

Anyway life is to short to fall out with people either in person or in a share chat board,

Good luck Amigo....

NSS

Nearly everywhere is the answer......

https://www.petrofac.com/en-gb/about-us/where-we-operate/

Petrofac....Right share, Right Time, Right place.

As always do your own research.....

So do we know what price these shorts gone it at.

The amount of companies that are shorting PFC

The amount of shares each company holds.

When each company specifcially bought their shorts...

And one you cant answer....In the face of an alledged Super Cycle, Covid ending etc called on multiple from why havent they bailed.

Very interesting.........

Profit is profit so well done both of you.

Debt levels are certainly manageable so whilst they are heavy as they are with most companies with Covid, as long as we get back to normal they should not be a problem.

Likewise the SFO stuff is well know and as the company is down from approx £4 per share to £1.30ish you could say that all captured in the price. Remember the stock market works on heard mentality so typically gets hammered more than it should and then sometimes rises more than it should on good news....

So as always it what we don’t know that kills us......We could very very easily rise given that as oil production increases so will the services needed to produce oil.....

For me it’s definitely the wrong time to sell but WTFDIK......

If we have a Supercycle, If we have Bidens stimulus, If we get away lightly with SFP then £5 plus per share...

If me Aunty had balls she’d be me Uncle....

IF..........

Operators are expected to commit to developing a record number of offshore oil and gas projects over the next five years, with deepwater projects set for the most impressive growth, Rystad Energy said in a new report this week.

The energy research firm has defined in its analysis a project as ‘committed’ when more than 25 percent of its overall greenfield capital expenditure (capex) is awarded through contracts.

Offshore oil and gas development is not only set to recover from the pandemic shock to prices and demand, which forced operators to slash development expenditures and delay projects. It is set for a new record in project commitments in the five-year period to 2025, according to Rystad Energy.

Offshore oil has already started to show signs of emerging from last year’s crisis, as costs have been slashed since the previous downturn of 2015-2016. Deepwater oil breakevens have dropped to below those of U.S. shale supply, making deepwater one of the cheapest new sources of oil supply globally, Rystad Energy said last year.

In its new report this week, the energy research firm expects 592 offshore project commitments between 2021 and 2025, up from 355 projects in the 2016-2020 period and up from the 478 project commitments in the period 2011 to 2015.

From oil price.com

Still on the move...69.4$ a barrel as I speak....

Could be another good day on Monday.....

Petrofac 5th March 2019 £4.59

Petrofac 5th March 2021 £1.38

So plenty to go yet............

Great post SEA

We started this week on £1.30 and have finished at £1.36 so roughly a 5% rise on the week..

So considering oil has risen 5$ on the week I don't think we have done any shoot the lights out stuff. I know we arent tied to oil exactly but when oil goes up surely so should we.

On the other hand a rise is a rise and is hopefully going to a lead to a re-rate....