Member Info for oilheadgame

I see one or two peeking their head up lol what farce

Thanks G

I want people to make sure the content is not lost and companies profile is not lost here with daily sp action and naysayers.

Regards to funding, I think it will be announced maybe in march along with trading update.

By then I expect this to be well In 60s as minimum.

I think the deal will be much close to £1 than 30p+

The backlog and future contract coming next year is too big to have measly equity price. It’s not worth for the company.

US funds love distressed assets. An fund will easily pick these up under AUM which are usually in billions.

*always stating

Benchmark is 40 or just under.

Downbutnotout, I thought you were a price guru??!!! Also stating it ???!!

No???!!

Tareq Kawash, Petrofac's Group Chief Executive, commented: "Our focus on rebuilding the backlog and unwinding historic working capital has resulted in tangible progress against our organic plan to strengthen the Group's financial position. "To further accelerate progress, my near-term priority, and that of our Board and leadership, remains on improving liquidity and materially strengthening the Group's balance sheet, to deliver on our long-term potential. "We are completing contracts in the legacy portfolio as planned, we continue to deliver well in the initial phases of the contracts awarded in 2023, and, as a result of excellent order intake, we enter 2024 with a high-quality backlog in both traditional and renewable energy of approximately USUSD8 billion. This provides us with good revenue visibility and demonstrates the continued confidence customers have in Petrofac's delivery."

BACKLOG AND OUTLOOK: -- Exceptional new order intake(2) across both E&C and Asset Solutions, totalling approximately USUSD6.8 billion in the year-to-date, with Group backlog(3) expected to be approximately USUSD8.0 billion at the end of the year. -- Robust business outlook underpinned by strong backlog and a healthy Group pipeline scheduled for award in the next 18 months of USUSD62 billion, including the remaining projects in the TenneT multi-platform Framework Agreement

COP28 awards to come in Jan onwards. I hear more green project tenders being worked on

Spoke to a floor trader this morning.

Apparently funds can hedge to get out. So the 2200, 4400, 6600 shares you see are auto sells to keep price down for a large exit buys.

Yesterday it was in 2100 shares sell or multiples of.

The shorting funds are obviously buying it back. Just not reported. He also said small companies don’t report /declare their positions when they are stil offloading . Cut off is 5-10days of notice

I finally got some funds to buy. I have been accumulating since Christmas. I hoping to bring my 120+p avg down to a reasonable level and have exit for 12-18months.

I’m sure pfc will be bought up then

39.1 to buy

1 billion = 1000 million

So everyone knows.

We keep throwing $6.6billion (=6600 million) backlog for 2023 won by company and more billions for 2024 etc. imagine the profit they make from these contracts . In O&G contracts , companies makes 10- 20% profit

How is pfc 200million mcap?

Sp predictions are for losers pal

They all Italians!!lol

Eat that pizza from home depot

Do you remember the few weeks back everyone was wondering whether the shorts were playing a very risky game, or in possession of information that is not in the public domain.

Well now we know, the risk managers didn’t know jack!!!

The used information on covenants and performance guarantee and delay payments already available in previous RNS to exploit the share price from 80p. Don’t forget they keyboard warriors who popped up from nowhere since October till 20th Dec, constant attack!! Also got their buddies to short pfc knowing full well a company of this size isn’t going to release a RNS “we don’t know any reason of sp decline” as pfc aren’t any old AIM stock. The fact pfc didn’t respond at all gave them more fire power to increase the short to 3.2% and 2.6%

Both these firms are truly damned now. Unless they bought around 50,60,70 p plus to make any money.

Helikon defo lost money on 20dec short increase already!!!

I will check what days the increased the short and what the corresponding SP was- that could give a good indication of price these idiots are locked up at!!!

If you lot are reading this board!! Well good luck 😉

Are royally fukd…..

That’s lot of borrowed share to be bought up again.

When you see MW closing from 0.83% to 0.65% ,

you better start at least thinking of closing SOME of your 3.21%!!!!

The cheek to increase on 20th Dec aswell. Defo scare lingering tactic which has absolutely backfired now sitting at 40p!!!

The other one is at 2.48%😂😂😂😂😂😂😂

Given the fact that website short tracker is an independent company, does the hedge fund needs to conform to any notification clause of increase or reducing their short. I would assume they would immediately issue notification of addition to scare people etc, not the other way round? MW is a bigger company than the other two losers. So their governance will be poor.

So I’d expect some of these idiots will have closed a bit also

You know that was pure binary play and risky play that fortunately paid off for them right?!!!

It was binary before, not anymore. We have some clarity and confirmed guarantee on the biggest projects. It can’t go to naysayers anymore to come up with conspiracy theories

Well done to him/ her, still a ballsy move to buy at 17p

Anything around 200mil mcap should be bought up. IMO.

This should slowly make its way back up to 300+mil mcap

The company and workforce is huge for 200mil mcap. I can’t believe this was 100mil at one point .

With 9000 people and $6billion worth of order book.

Do P\E on that!!!

You know that was pure binary play and risky play that fortunately paid off for them right?!!!

It was binary before, not anymore. We have some clarity and confirmed guarantee on the biggest projects. It can’t go to naysayers anymore to come up with conspiracy theories

Well done to him/ her, still a ballsy move to buy at 17p

Spot on. Their analysts have probably set up a programme for controlled exit. But I doubt yesterday and today would’ve bought back 2%.

They need to flip 1% each at lest the top 3 shorters.

Pfc maybe at 5% short interest is legit at this point in time.

This shall also pass fellas . Hold on.

i think mcap between 220-270million before any further news.

i’d be watching for more deals to close in q1.

all oil companies will be looking to firm up their assets as much as they can now.

all the narrative about oil demand going down is dog ****e. demand is up on all metrics are up

pfc anticipate $45billion worth contracts , so i’d expect $billion contracts rns coming often to catch these losers out.

i’ve said since that call, pfc has gone into long term territory with an improved trust from industry and worldwide and legacy contracts coming to an end. they would want to shuffle the resources from thai projects to larger multi billion projects

this 3digits share , easy . can’t wait for this to be 500mil market cap for starter

hold