Member Info for ShrewdDude67

But this is beginning to look like a duster here. I want oil because I'm a holder but surely, if there was a whiff of the black stuff it would have leaked by now especially in this connected world with social media and satellite connections from offshore. If there was oil, I would have expected some behind the scenes buying from those in the know and a significant tick up in share price but its well and truly stuck around the 12p mark. You wouldn't know there's a drill in progress at all from the price action. It's weird! It just doesn't feel like a share that's about to boom IMO.

Quite a collapse over last hour or so. Lost 20p of its gains.

Are we about to see 6 quid here this week?

This is ready to blow anytime now. Don't be surprised to see it suddenly suspended. Too much happening in RoC now for any other outcome. If your in, well done, sit tight and wait for the inevitable. If your not invested, ask yourself how you will feel to wake up and see that little red dot announcing great news leading to riches, but not for you.

Has been trading in a very tight range now for 1 week. Will it break above, or below? My guess is that there will be a last minute rush to get in before 26th April for the divi. After that, unless there is contract news, it may drop back to 540/550's before the next leg up.

What the f**k is holding this back??? Oil now roaring ahead at nearly $73 barrel and were drifting aimlessly around 556p. We should be pushing 580's by now with oil at these levels.

Hold onto your hats folks. It's squeaky bum time from here on in. Life changing news could drop any moment now.

Oil up 3.2% to almost $71. If it stays this way we could see 560p breached tomorrow barring any overnight shenanigans in the middle east. As each day passes now, this gets more attractive with the big 18p divi getting closer and closer.

Again it runs out of steam in the 540's. Has to get above 546p. I suspect another few days as we get closer to divi day.

At the moment, both wheels have come off this chariot and it's run into the sand. Larry Bottomley, what a joke.

Anapa, big ask 545 today. But, lets hope so. I suspect we'll all wake up tomorrow with military action in syria by the yanks. That will rock the markets I suspect so rest of week could be disappointing. I hope I'm wrong though.

Putting me off buying more.

PFC has overtaken Wood Group share price.

Well, I think a TO is not implausible because we know margins have tightened in recent years for the oil services sector following the collapse in oil price in 2014. Whenever margins tighten in a sector, you often see consolidation taking place to achieve cost savings and so increase margins. We've also seen the pound fall since Brexit vote making UK firms cheaper to buy than previously. From a 3rd party perspective looking for acquisitions in this sector, Petrofac seems like a nice play for a number of reasons I won't go into here. Don't be surprise if a bid drops onto the table here. I won't be.

is a dead duck.

Just want to say firstly, welcome back to Retour Du Renard, place just wasn't the same without ya! Now, PFC are batting it out of the park at the moment with all these contract wins. It is further conclusive proof that any negative effect on PFC's ability to win contracts in light of the sfo charade is nonsense. Don't expect any heroics today because the market is choppy, but in the coming days and weeks (particularly as the divi date approaches) the market will re-rate this company in light of the continuing improvement in outlook. I also feel that the last 3 or 4 contract announcements have been largely overlooked by the market and this will change soon. Recovery now well underway. Strong Buy.

Dow getting battered. Oil heavily down. Red day tomorrow seems nailed on. Could be a good top up day for PFC tomorrow if they dip under 5 quid. I smell a bid coming here.

The yield shows as 4.6 percent on HL website for BDEV??

Yes, great to have you back here Mark. Listen mate, I was down 30 grand on PFC when they dropped to 403p in the days after the horrendous Feb 5th RNS and had a few dark days and nights about it. But, I knew the company was good and had a bright future and the SP would recover, and it duly did. Now, Im back to break even, hell, I was even a few grand up on Monday albeit briefly when price nudged 536p. The message/lesson here is.........dont fret or panic when you go heavily underwater. As long as its an irrational drop (like with PFC in this case), be patient, accept itll take some time to recover, but recover it will. Just a question of time and if you dont need the cash for anything else, then time is on your side. Ive been underwater lots of times, sometimes a few hundred, sometimes LOTS of thousands, but Ive got the patience of a saint and Ive always waited it out and emerged well up in good profit. Ive got 60 trades chalked up on my bedpost now since I began and Ive only lost money on 1 trade and that was Tesco - I lost 153 quid. Thats 59 winners ranging from a few hundred quid to several thousands. I dont believe in stop losses because Ive seen how the MMs take them out with their games only to then reverse the price back up. Also, Ive learned to let the winners run a bit further than I used to. Glencore taught me that! Im still learning though and Im careful to always have at least half my pot in cash on the sidelines in case of a crash to grab some bargains and average down. Next few weeks will be very interesting here, in a positive way I think. And, looking forward to a nice 4500 quid pfc divi.

Large 800 grand purchase just after the uncrossing trade. Someone is very confident.