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I expect harbour to go back for the BP North Sea assets v v v soon,
Soder,I do not think that's possible now as BP have closed the bid process for these assets and will announce the buyer in due course but I stand to be corrected on this as I have no link to post but I read it recently as a BP stakeholder as well.
I am getting a buy on II now but not earlier its .2125 just now but it does seem blocked in a narrow range
Jim,
its a small Kurdistan driller that did not cut its excellent dividend in spite of many headwinds in the global oil market
Need to chat with Boyo,he exited at exactly the right time last week.I keep it on my portfolio to remind me how stupid I was to get involved with PFC.
Its not for the faint hearted for sure.They have some results up soon,may be best to wait till then but I rather suspect that sentiment is not with PFC but smart short term investment could earn you 20% if your timing is right.
bankrupt travel stocks leading the market higher! Lol
Have to agree with that statement
I was amused by Modestus comment a few days ago about how quiet these pages used to be probably till Gamestop came into the news in a battle with the shorters and suddenly everyone seems to think there is a buck to be made with PFC.You maybe right,I certainly hope so as I have held a serious shareholding in this company for a few years but you are now discovering that PFC does not really follow any patterns at all. The new contracts are relatively small affairs that really just enables the company to keep its skilled people working and on the company payroll.Getting the ADNOC contract back would be big news but it will take many quarters to get the company profits look a bit more sustainable.Oil price does not move service companies much on the upside so you might as well sit back and enjoy the ride but it might be disappointing for some
No big deal there Kilman,I have a contract note from Barclays for PFC at 1441.82 for a purchase on 21/10/2013.This share had great potential then and was doing better than Wood Group.Just kept reinvesting divi and sometimes bought a few extra as well.I am not really convinced that this share is really taking off yet as we have had many false dawns over the last 8 years.Sentiment around oil prices has been great recently but that can all evaporate in 24 hours as serious investors like Boyo have seen a few times especially with another oil related share that we both own.Enjoy the day in the sun but remember that oil service companies do not follow the same pattern as oil companies re share price swings and the day when PFC can produce a good profit are a few quarters away for sure
Modestus.
You are quite correct re oil services rally v oil companies.When oil plummets both service and oil companies tumble but as the price goes up oil service lags oil companies for obvious reasons concerning future work and contracts.Am buying SLB and Rig on a monthly basis now.Rig(transocean has gone up like a rocket).Worked for both of them anyway.
oil prices will likely stage a spectacular recovery and that will ignite the sector renaissance.
I am patiently waiting for that day,its not here yet but with Oil companies destroying their capex for exploration there is going to be a shortfall of crude sooner or later
Whatamess.Always enjoyed your comments on IAG board,I do concur that it may well be possible to get into that stock in double fingers but not tempted as I need to sell RDSB to raise cash to raise funds so will ride the Shell tiger for another 2 years.
Am another PFC optimist and may top up in the next couple of weeks but may wait for inevitable Brent pullback before it pushes on to $60 a barrel
Good luck with that Boyo,I need about 400% increase to get back on track with PFC. Saw your post on RDSB as am serious holder of the share for 11 years,certainly not accumulating anymore.I always find it much harder to chase a share up as I am doing with my old employers Transocean(RIG).For various reasons its climbed from 67 cents to $3.40 just because its the only decent sized Driller that has avoided Chapter 11.Also buying Apache(APA) but no other oil producer
It was tongue in cheek comment really bunks,I have another one called the Hashiba effect but will stay stum about that one.I remember him ploughing into HUR,hope it wasnt bad timing.
Roofer.There are a lot of us silent Genelians out there.I have been in the stock since late 2013.The highest price I paid is £10.84 in one of 4 tranches I bought in Jan 2014.I broke even at some stage when only invested £30k but now have a book cost of circa £110k.Not in profit just yet but getting 15cent dividend and reinvesting.Hope to achieve £3.50p in the next 2/3 years..I have noticed that Genl.l performs better when nobody posts on LSE
Coaster,plan to hold at least 2 more years,have had them about 11 years so if one adds in Divi reinvestment I am ahead of the game and showing profit.Only nervous about my Transocean shares that could face Chapter11 but I think they are getting away from that point but heavily indebted all the same
You are not alone as my break point is £21.5 but I think a lot of people and institutions are in the same boat . Was not so bad in past times if share price took a wobble as you picked up cheaper stock through divi reinvestment but am optimistic about price of oil in next 18months.
Boyo,
$50 oil.Is that WTI or Brent