Member Info for sj1313

Thats how im feeling about it johny; they are having to work just to keep it here where as before it was a free fall

I agree warthog chunky sells but is it fair to say they are doing the chunky sells just to maintain this level? rather than being able to pull this down further? Ive got a fair a mount of money that i will invest here on top of what i already have at a 25p average, but cant wait forever

Same as. Im looking to buy more. held a fair amount back to hopefully buy at 22p but we are getting nowhere near that so will probably be buying in the 25's today. Dare i say have the shorts run out of fire power? because every time we get close to 24 it bounces again. Either way 25p is a great longterm average

Im starting to think stocknor might be a good luck omen for us longterm holders. Since you've taken out the short the price is holding up nicely

Stocknor the buyers dont seem to be on the same wavelength. I was hoping to buy more at 22p, now it looks like i will be lucky at 23p!

Ive already got a good size holding and ive been waiting a week now to buy heavily at 22p but not getting anywhere near it despite the nonsense from the shorts on here.

I agree mary i think sub 20 is going to be a challenging target for shorts now

Pokerchips have you ever dealt with a company after going through bankruptcy and then handing over to a new contractor? I did in my early days and the repercussions lasted for years. BP wouldn't touch it with a barge pole if there was any suspicion petrofac aren't solid.

Pokerchips i can confirm myself (at a much lower level tendering wise) and BP would certainly not hand out a contract to any company on the verge of bankruptcy. The problems that would create and the risk involved would not been seen as ok

Pokerchips im with BP on this one. they will have done a level of due diligence with PFC being an ongoing concern

Open question for the board:

exactly how many contracts has BP dished out over the last few years to companies on the verge of bankruptcy or as poker chips claims are so poor they have no assets left as equity? i can guess the answer and i will keep buying at the lows

And for the record on my background, a key part of my role is tendering and theres no way i would be dishing out contracts to PFC if they were in the dire state the shorts on here try to claim. There has to be a level of due diligence and i know BP certainly have that

But paul curtis if you would have bet against the shorts in 2021 at pretty much exactly the same level you would have made a lot of money. I solemnly swear if this breaks 26p I will make sure the shorts have to spend more money today. good luck all

I suspect poker chips wants to buy back in at a lower price, and poker chips thats fine as I want to make further lower priced purchases too

Id say you suggest you suspect wrong poker chips. Petrofac are considering selling assets which they wouldn't be able to do if all assets are used as collateral

Reverse of the shorts!

Thanks PFC-veteren i think thats the most balanced view on here. Im here for the long-term and will keep doing the reverse and buy in larger increments as the share falls. I can happily sit on this investment for years

Ive consistently kept buying as the share drops, increasing the buys by higher increments and what ive been surprized by this time around is they are getting nowhere near the previous lows. even as an investor i was expecting to get a buy at 25p today. in-fighting with the shorts

Toxic tony will be finding the nearest bridge if hes still shorting this

Locked out to negotiated orders only!