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Wow 40p plus
Shorters will be buying back frantically - well done all
Huge buying on level 2 !!!! Short squeeze happening
Going all the way back to 70p, Petrofac to be profitable in 2024 and repay all their debt
Huge volume coming in now, one of the shorters is definitely wanting out today
Huge buying pressure today, could be news tomorrow 35p hit
Petrofac going to 40p, base supported and confirmed at 30p plus
Petrofac should be a big winner today, shorters will be reassessing their positions big time and will be getting out
Markets very strong on the back of the US, expect strong buying and more shorters trying to exit it will be interesting if Marshall Wace have further reduced
Great*
Get for Petrofac especially in future investment in oil
* Petrofac : Peel Hunt reinstates coverage with hold rating; price target 40p
I suspect a RNS will be released once this has been solved and then up another 50%
Performance guarantee secured for the first contract awarded under the Framework Agreement with TenneT. Performance guarantee terms agreed for the first ADNOC Habshan contract – expected to be issued by year end.
Https://www.xm.com/research/markets/allNews/reuters/axa-hsbc-petrofac-53725446
I believe there will be a flurry of buying towards close today
This is being held down, I believe this will be break 35p
It will come this is just adjusting and will continue higher
With over £100m in losses and one hedge fund buying back they know they are trouble and could be margin called. Such strong demand for the shares
Shorters going to be scrambling today, don’t sell cheap here dyor
Should definitely break 35p today let’s see