The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
£20k today one for the kids.
God the rubbish these low lives post constantly.
No body is selling, good luck!
They can definitely spook new retail but not the oldheads who are much thicker skinned and obviously the funds. All fun and games till the fat lady sings very soon.
What’s worse is I know for a fact that those 3 shorting companies have got staff posting rubbish about in this chat forum and also in Advfn platform. Trying to spook retail punt buyers who are here for quick 5-10%.
There is one post comparing pfc to hurricane energy. Lol not so smart comparison when that particular shorting company had short on hurricane before it got bought out.
THis was released Nov 2023.
https://www.oilandgasmiddleeast.com/business/exclusive-petrofac-on-strategising-energy-diversification
This video was released last month. CEO sounds positive. Highly recommend watching it.
No doubt being manipulated. No doubt once the RNS lands, PFC will double in an instant.
Video link: https://www.energyconnects.com/videos/video-interviews/2023/october/petrofac-set-for-growth/
ADNOC Eyes Major Upstream Expansion. ADNOC, the national oil company of the UAE, is reportedly weighing the acquisition of BASF-backed European energy firm Wintershall Dea for some $11 billion. Increasing its portfolio with Norwegian fields that could be adding some 324,000 b/d of oil equivalent.
Maybe PFC will be gobbled up ?
Thanks.
The London office and the Middle East offices are busy. That’s all I can say.
ANOTHER £20MIILION WIN in July 2023.
Following the sale of the vessel to CNRI, around 110 personnel currently supporting the FPSO, including those onshore and on the vessel, will transition to Petrofac from BW Offshore and the transition of people and operatorship is expected to complete before the end of July.
The company underlines that this contract builds upon its existing relationship with CNRI in the UKCS, which has centred around the provision of operations and maintenance services. The deal will be managed from Petrofac’s technical hub in Aberdeen.
Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business, commented: “I’m delighted that we are continuing to grow our presence in Africa with this latest contract from CNRI. We bring our considerable global FPSO experience to the Ivory Coast, adding to our portfolio of service contracts in Africa.
“Petrofac is expanding across the continent, providing local jobs, developing local skills, and collaborating with local partners. We look forward to deploying our expertise and working collaboratively with CNRI and our new employees to effect a safe and seamless transition through to operation of the asset.”
The FPSO works on the CNR International-operated Espoir field off the Ivory Coast and has an oil production capacity of 45,000 bbl/d. The production at the field started in 2002 while the oil produced from the Espoir East and West reservoir is processed, stored, and offloaded from the FPSO located between the two wellhead towers.
This latest award builds on Petrofac’s contract successes achieved throughout 2022, including decommissioning in Mauritania for Tullow Oil, operations and maintenance for Tullow Oil in Ghana, and the provision of offshore operations services for BP’s Greater Tortue Ahmeyim (GTA) project, including an FPSO, in Mauritania and Senegal.
This article was in July. I wonder how many more contracts PFC have won since then. ITs not all doom and gloom like the SP. I think BOD are not phased because they are delivering contracts.
https://www.oilandgasmiddleeast.com/news/petrofac-backlog-hits-6-6-billion-after-strongest-period-of-new-contracts
This was big one in summer this year.
https://www.petrofac.com/media/news/adnoc-awards-petrofac-us-700-million-epc-project/#:~:text=The%20contract%2C%20awarded%20to%20Petrofac,a%20new%20gas%20compressor%20plant.
THIS ONE IS A MONSTER contract worth , RNS released in Oct 2023.
PFC have already secured the contract for landmark carbon capture, utilisation and storage project. which was huge.
I am going to post some information so people can see what they been upto. Not everything is RNS'd. See the values in these.
Get L2. look at live trades, not 15min late ones lol
This wasn;t RNS'd. One would guess PFC have won so many contracts and its pointless to keep issuing RNS as it would be a lot.
Petrofac wins $100m contract extension with Repsol Sinopec
https://www.energyvoice.com/oilandgas/north-sea/538239/petrofac-repsol-sinopec/
What is frustrating is...people are getting such cheap shares. there is 2 X £50K buy this morning, and there is several 20k lots have been bought at a ridiculously cheap. Imagine the frustration in someone like myself you have paid in the 200p and 150p.
well, i guess some are lucky than others. Thats the way world works. I am happy for those people but also you can imagine my frustration.
And trust me.....
THERE IS NO WAY ANY LONG TERM HOLDERS ARE SELLING. THEY KNOW WHAT IS TO COME.
Local shops around your streets operate with future forecast. IF there is new apartments being built, guess who is happy, yes that local shop because future sales.
As I keep saying, they have amassed atleast $1billion worth of contract value (this is value straight to PFC, not project value) in the last 6months. Read the last RNS, payments will be collected in H2.
They have increased headcount in middle east and in london offices of the new contracts.
PFC are working on atleast $600million worth of tender
so the new joiners and especially the paid shorters who are here everyday to write nonsense should keep in proportion.
I think you've made your money - all because of few analyst TP was 35.
You are just a boy. it is in the writing.
old schoolers at PFC know what these contracts mean. ADNOC lifted PFC contraints in March 2021 after SFO case. THat was celebrated. We have seen evidence of huge contracts from them and have included PFC in theire biggest renewal able contract this year.
we LTH know that the order book is strong it has ever been. PFC has not been just quiet. If you people look at the interviews given by the management team since September 2023 to the recent one few weeks ago. They are firing in all cylinders. It doesn't have to be via RNS, as there is nothing to report. THis is FTSE company and one of the world biggest EPC engineering in O&G.
They have started lot early today.
Look out for the big volume. Next week is Dec.
I wouldn’t worry too much about return payments to banks as long you have. Good order book which PFC has. The book hasn’t looked this good in years.
Banks are not in great place either with lot of business folding and can’t afford so they are happy to borrow if you can show the resilience forecast of future works. These contracts carry huge weight. PFC will be Middle East go to EPC company I think that’s what they are targeting in nearer term
Hold tight and we’ll be alright
Something dodgy happening here.
https://www.nfa.futures.org/BasicNet/regulatory-actions-detail-doc.aspx?docid=5133