Member Info for SS17

When sp goes down, few moaners always complain and moan… everyone should make their own investment decisions after full research , shares always comes with risk ! Whole market is down now due to new Omni variant and market sentiment , just bad timing but I’m optimistic as always , I’m invested here and lost some unrealised gain with my average £1.10, Pfc will shine in due course ! My target is still £3+
To all moaners , you can revisit my comments when it reach there in next 6-12 months . Pfc did go below 90p a few months back I made similar comments ( you can check )then went up to £1.90, I didn’t sell it , won’t moan now as I think it’s worth much more … good luck to those holding LTH

DYoR

I think it’s bottomed, we have seen many variants delta, s Africa , Kent , it’s just short term panic but people still need to travel , IAg will shine as worst is over! just tppped up my average now £1.33
DYoR

looks like it's going my initial £5+ target by this week

£5+

Indicated market has confidence on Pfc, it’s good sign. I think it’s going £2+ soon, we have seen similar pattern on Rolls-Royce, IAg
DYoR

What points you are trying to make ? Following open offer, same amount of cash will be added to the company books, so post 15th Pfc will have more liquidity which will help them bid for bigger contract as well as maintain it’s liquidity.

In my view, that’s the last opportunity Pfc is giving before it starts flying … don’t forget it hit £1.90 after sfo news, nothing fundamental changed since then rather improved likes Russian co news, a few more contract news will take it above £2.50 soon while you keep feeling it was pumped!
DYoR

I think shares will be allocated on 15th, since money taken it confirmed transaction will be processed in due course.

Can’t wait to see fireworks post 15th … Pfc will be in great position to have bigger market share into the renewable industry alongside its other core business ; big contracts news should be coming , we need a few billions $ contract, it will fly
DYoR

looking good, I have taken up my right shares. I think post 15th Nov it will go back to £1.70+
dyor

Barghav, good to see your post, I thought you may have left from Omi game ??, if you recall we were here when Omi went to 2p then shot up to 40+. I had to sell as needed cash , my average was 5p I sold within the range of 25-30p and thought I missed the boat but now it’s giving opportunity to load again, so I’m back again with long term view this time… plz keep posting here as always you are very informative, thanks
Dyor

I received the same from II, but not clear when the fund to be ready? Is it 8th or 15th

good sign, institution are taking position,

Based on today price with 1 for 4 shares it gives value of around £1.27, ( assuming pre placing cost price £1.30)I think sp will shoot up once open offer completed as Pfc will in better shape with enough cash after paying sfo fine , it will also demonstrate Institutional investors have confidence in the future of the business.
We have seen similar pattern for Rolls-Royce… now it’s nearly triple since rights issue .
DYoR

I’m bit disappointed, why do they need to raise at this price when SP went to £1.90+ a few days ego ? Anyway let’s see the rns and short term it may react badly but eventually will go up as we have seen for Rolls-Royce.

I did opposite, bought some more ENQ following eagle news. Hbr of course a solid investment for me, as I commented before in this board it will go up to old Pmo price 60p+: current equivalent £12. Considering many speculating oil may hit $100+ All low cost oil production co sp will surprise us…
Dyor

although I don't trust Fool at all as it keep switching it's view and contradict itself...but good to see positive article
https://www.fool.co.uk/2021/10/18/the-petrofac-lonpfc-share-price-trends-up-on-new-strategic-partnership/

Barenberg on Friday upgraded Tullow Oil (TLW.L, TQW.IR) to buy from hold and boosted its price target to 0.65 pound sterling ($0.89)

not bad start

Does it matter large sell? Someone must have bought that , it’s double entry system ! As investors I should be looking at the business itself, it’s sustainability, current market conditions, oil price steady at around $80, Tullow is low cost producing co , hedged to reduce risk , debts bit higher but if oil price stays in this range , Tullow can pay off easily plus it has large potential reserve! Will be a cash generative profitable business for next few years. All looks positive to me, don’t care who is selling and buying … if you believe in your own research and company you invested sit tight and watch the space !

I’m not new in Tullow ,bought at 60p pre covid , then it dropped to 11p , bought again at 13p, it shoot up to 30p then 50p ! Sold some to take capital out , So seen ups n down , many scaremongers came out n predicted Tullow will go bust , but it survived!! Waiting for big rewards

DYoR

When Pfc drops a few pennies shorter come
to this board and make nonsense comments! Pfc will shock them soon, this price will be a history for Pfc …. Oil price rising so as demand for service provide like Pfc

I topped up some at 4. 27 pm price 51.94! Hope it goes up tomorrow

Very well written and informative. Re reserve, I would remove SL, and to be on the safe side only take 2p reserve , do we know what is it’s current 2p reserve?

Assuming min 500m, oil price at $80, say breakeven at $45, npv $35 gives hbr valuation of $17b, approx £12.5b. So HBr share price should be around £8 range ! If reserve is 1bb, then share price £16, apply 50% risk adjustment still at around £8. As I said before it’s a hold for me, it will come good.

In terms of the investment view, HBR’s latest (as far as I can see) disclosed 2P+2C reserves are 1,691 million barrels of oil equivalent. This includes the Falklands 2C reserves, but let us assume that these are fairly valued by the market.

DYoR