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I think I've got in quite early, heavily shorted and you can tell there are so many FAKE bulls commenting on this forum.
This is the most shorted stock in the London stock exchange
See below for reference
https://shorttracker.co.uk/
www. Short tracker.co.uk
Last time I shares the link they masked the website so you can't click on it for some weird reason.
I am anticipating the biggest short squeeze of 2024 ....
Petrofac have been heavily shorted for months now ranking No1 currently at 11% short interest.
Good luck Real Bulls !
I am anticipating a short squeeze
Premier Oil (PMO): Premier Oil saw a short squeeze in 2020 amid speculation about potential mergers and acquisitions in the oil industry. The stock price rose from around £0.20 to over £1.20, marking an increase of about 500%. Premier Oil's short interest was around 15% of its float.
Why are existing shareholders not excited???
The sort squeeze to come it's going to be parabolic......
It's just a matter of time before this explodes in my opinion.....
I think these short sellers have got into all of your heads .....
I'm going to be rich 🤑
Very strong buy in my opinion...
They wouldn't be extending contracts if they were not profitable....
In regards to advances payments....
Their clients wouldn't be making payments if they felt they could lose their money!!
Do not listen to these shorts sellers...
I'm so surprised they haven't already closed their positions.
I am expecting to see the biggest short squeeze of 2024 here.
I can't see why they would need to raise capital from dilution if they can get raise capital from future work .....
Remember 57% is owned by retail shareholders, that's us with voting rights....
I would not vote for a dilution ......
I anticipate the conclusion from the talks with lenders in the coming weeks before the balance sheet is released....
My PT is 100+ in the very near short term
Good luck bulls.
Yes, like I've said and I'll say it before, I've bought this about a month ago one of the reasons being it is heavily shorted and anticipate a short squeeze. Also retail investors with voting rights will only favour us .....
Good read, once talks with lenders are in complete and plan for balance sheet/restructure is in place, this will settle way above 100
https://www.proactiveinvestors.co.uk/companies/news/1042381/petrofac-says-very-good-progress-is-being-made-as-strategic-review-continues-1042381.html