Member Info for Neversellshell22

The fact that our results have been delayed as long as they aren’t for any underhand reasons could play into our hands now.

We will have a very solid 3-4 months of increased revenue, news and plans that all things being equal will help push us along....

End of year......Who knows but would love £3

Baker Hughes -1.8%
Sclumberger 2.4% up
Halliburton 3.0% Up
Petrofac 5.4% up
Wood Group 9.7%
Hunting 11.1%

So mid table...If it was a school report it would be doing well but can do much better...

Any road blocks ahead.....

What the next resistance bump ??

Just got to hold it and push on.

Got a great feeling about today and that Uncle Same will push us on today....

First SP finish of the day to get this part started....£1.40

Every oil company I see in the green except Shell....

Oh well...Slow and steady.....

Great buy Naked.....

You won't be holding for long....lol

Complete rubbish....

Petrofac is where it is because of the SFO....

You could make a string of issues with Shell as well, high debt, moving out of oil at boom time, unproven green plans, environmental damage.......Easy to point out the negative parts but both overall great companies.....

I used to love going to the circus and seeing then clowns....

Its much cheaper these days.......

Oil still marching on at nearly 68$.

Surely a decent Friday for us....

Come on you've got this Petrofac....

Not necessarily the share price but the fact that Opec are doing the sensible and right thing.

Keep production sensible which keeps the price 60-70$ which means plenty of oil is used....

Which means that there is plenty of work for Petrofac.....

Everyones a Winner.....

If we defeat Covid
If we have a Supercycle
If Biden unleashes his stimulus
If the SFO is unfounded

SP thoughts ,,,?

Yes but what if the "IF" happens.....

Exciting reading just thinking where we could go SP wise....

I know some will scoff but you hear of multi baggers every day.

If your an "IF" believer anything could happen........

We seem to be holding our own a bit at present....

I would imagine we will all sneeze a bit when USA Opens.....

As the world comes out of hibernation they will need companies like Petrofac with proven skills and experience not just to work with the demand for more oil and gas but also more importantly for the new green world which I think I read will need something like 32 Trillions dollars, thats 32,000,000,000.......

A few quid going to Petrofac wouldn't go a miss....

Some positives noises...........

The early weeks of 2021 have seen a steady increase in a number of key market indicators, including a rising West Texas Intermediate oil price and improving rig count," said chief executive officer Jim Johnson.

"This positive sentiment, if sustained, bodes well for the global energy industry for the coming months as operators seek stability across the sector to enable them to confirm new drilling programmes and capital investment.

"Supporting this sentiment is the availability of Covid-19 vaccines and the rollout of immunisation programmes across the world."

Johnson said that within the US market, the company's Hunting Titan segment had seen a "steadily improving" revenue profile in recent months as onshore activity levels increased.

"The business has reopened a distribution centre to meet this demand and has made selective additions to headcount.

"The group's US operating segment, which provides equipment to both onshore and offshore projects, anticipates accelerating activity in the second half of 2021, following the slowing of offshore projects in the second half of 2020."

One of our competitiors results today.....

Performance in the year was adversely impacted by the reduction in activity in the global oil and gas market. The Group's strong year-end cash and bank, coupled with improving market indicators, position the Group well for the year ahead and support the final dividend proposed by the Board. Hunting's resilience through the past 12 months demonstrates its ability to respond decisively despite challenging market conditions, while also executing key strategic initiatives that will deliver future growth.

Revenue $626.0m (2019 - $960.0m)

Underlying loss from operations of $16.4m (2019 - $94.3m profit

Still paying a dividend and I would guess pretty much the sort of % of drop we will have....

Seagreen will become Scotland’s largest and deepest #offshorewind farm, with a key role in providing enough green energy to power more than 1.6 million homes. We’re delivering the offshore and onshore HVAC substations, supported by
@Linxon_Company

Hope you’ve got some patience with the speed the SFO work....

Blimey didn’t realise we had a foot print in Texas...

https://wandwenergy.com/about-us/

https://www.petrofac.com/petrofacts/permian-basin

Let’s hope they are busy...lol...

Let’s hope we have a change of fortune and step up a gear today.....

Still down massively from it’s pre SFO days of £1.70 which was considered cheap...

One day Rodders.....