Member Info for Sm66

Of note in the acquisition report is their goal to become a FULLY INTEGRATED global energy provider!

Https://www.prax.com/the-prax-group-announces-successful-acquisition-of-hurricane-energy-plc/#:~:text=The%20Prax%20Group%20Announces%20Successful%20Acquisition%20Of%20Hurricane%20Energy%20Plc,-By%20Prax8th&text=The%20Prax%20Group%20has%20announced,Hurricane)%20in%20the%20United%20Kingdom.

Astoria capital are worth a closer look.

They’ve only ever shorted PFC and Hurricane energy.

Hurricane were the victim of a strategic acquisition by the Prax group in June this year.

Given the facts that PFC have been winning large contracts, had their credit rating increased and expect to be cash neutral this year, the current share price appears very low. I know they still have to prove the cash position but they have years of lucrative work booked in and are growing the company.

Are Astaris helping to position PFC for a takeover bid?

ADVFN showing over 1m shares traded after hrs range 52.8-53.9 Unknown trades ? How convenient. Be interesting tomorrow to see which shorts reduced?

Https://www.petrofac.com/media/news/petrofac-supporting-uk-energy-transition-through-new-decommissioning-contract/

I guess it depends on the strength of the news/situation that causes any reversal

Well, trading update due in December, the company have claimed they expect the second half of the year to be cash neutral, if this is maintained and next year’s positive cash flow prediction is maintained then any shorts would be on thin ground as the recovery plan would be proven!

Bloody predictive spelling

Sense obviously not dense!

Poker

A lot of dense from what you’ve posted.

One would hope the reversal is close and will be significant?

Misprint

He holds 89m shares

Asfari is holding 95m shares, I make that approximately £45m, where do you get £9.6m from?

I’ve been watching the buys V sells ratio’s for the past few weeks.

Sells pull the SP down, as one would expect.

Buys also pull the price down.

I think, almost without exception October has seen more buys than sells every day and yet The SP has slid from mid 70’s to 50?

Bumper year for contract wins also a diversified bundle of work.

Loan extension.

Credit upgrade

This time last year the business was weaker and yet the SP in the 120’s.

I’m continuing to hold Gla

Here’s a question for the wiser gamblers out there.

Why did 2 shorts increase yesterday when the SP was 56p ish?

Why didn’t they increase when we were in the 80’s a couple of weeks ago.

Many options here I guess

They’re hedging against a long position?

They’re pushing it down for a 3rd party?

Makes little sense on the surface.

Https://simplywall.st/stocks/gb/energy/lse-pfc/petrofac-shares

Industry average is currently 0.7x PS

PFC is currently 0.1x PS

Way to cheap

150-200

I do hope you’re right Mav?

Can’t believe the way this has dropped since winning another $600m contract and a credit upgrade.

Something is at play here, this has to be outrageously undervalued right now.

Https://www.unitetheunion.org/news-events/news/2023/october/unite-secures-petrofac-ithaca-win-over-working-rota

No chance

Improved credit rating

Record contract win

Ever improving backlog

The worm has turned, unfortunately for us PI’s the shorts have had a good run but they must reach their target soon?

Https://www.energyvoice.com/renewables-energy-transition/538921/japanese-firm-to-invest-10bn-in-uk-renewable-projects/

ADVFN showing 1.2m+ buys and 430k sells almost 3-1

And we’re down 4%?

Another orchestrated short departure.

Personally, I’m looking forward to here buggers closing their positions, almost there!