Member Info for Paradisewanted

Don’t get it. Shorts continue to reduce and yet price continues to decline (baffling).

Https://www.google.com/search?q=petrofac+jobs&client=safari&sca_esv=c89792427d75d45d&channel=iphone_bm&sxsrf=ACQVn089zkpRsR5qyzLM7StVqO-8qFVIGg%3A1709394368008&source=hp&ei=v0njZZPVNML0i-gPo8KEsAQ&oq=petrofac+jobs&gs_lp=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&sclient=mobile-gws-wiz-hp#fpstate=tlexp&htiq=petrofac%20jobs

After getting deleted from the MSCI UNITED KINGDOM INDEX, What does this mean for PFC now?

Despite shorts reducing price still down- should be going up.

Any idea, who this anomaly?

Https://www.iraq-businessnews.com/2024/02/28/iraqi-cabinet-approves-final-settlement-with-petrofac/

Https://finance.yahoo.com/news/institutions-own-26-petrofac-limited-110130960.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAD0tXYe0IIbFROqZcEjadMfohKu0rPzgKxgWBbEKndYK_ihvuP7qoMEvpVmI_331sBp2XG1mfpvGxlfGYm2O0ZeVNzINAvGwMYFajjud7ZryyjVu7vo-T8-zxrnz9ifLEsI1x0IuS8M2eTmflPZ7E3MURi8eQE60DpPJc-YAR-sQ

Http://uk.investing.com/equities/petrofac-ld?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

Http://uk.investing.com/equities/petrofac-ld?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

Https://www.marinelink.com/news/skandi-emerald-ahts-set-petrofacs-511152

Https://www.nof.co.uk/news/2024/january/asco-awarded-emergency-response-agreement-with-petrofac/

Https://www.petrofac.com/media/news/engineering-the-solution-for-hard-to-abate-sectors/

Https://www.globalcement.com/news/item/16874-petrofac-conducting-carbon-capture-feasibility-study-at-aggregate-industries-cauldon-cement-plant

Looks like snapper is back lol

To be honest, I’ve really been hoping since last month that ADNOC will buy a stake in PFC.

Let’s hope this still happens.

Https://gaspathways.com/adnoc-acquires-10.1-equity-stake-in-uks-storegga-2478

Https://www.oedigital.com/news/510601-petrofac-gets-multi-million-contract-from-bp-for-west-africa-ops

Yes and some chunky buys too. Likes of Snapper and aliases can disappear too.

Suspect shorts will start to close positions now realising PFC is not heading towards administration or share dilution.

This is going back towards £1 sooner than expected.

Two million more buys than sells. Don’t understand why this is not breaking out towards 50 pence

Daz423 - this is strange because there have been more buys than sells All day so far!!!

CaptNemo

Thanks. Shorters will are being forced to close as the price is rising. They have to close to avoid further losses additionally because they want to close due to end of financial year by 31st December.

It’s really going to be interesting to see how high this ends close of play this Friday.

I suspect shorters will not have sufficient shares to buy back so this will continue to rise at least until close of business on Friday 5th January- yippee about time we profited from their criminal behaviour of shorting this stock All the way down. Now this can go All the way up:)