MyHobby
17 May 2018
Re: AGM Risk selling maybe, but no sniff of a leak though? Just to confirm.D
Hydrogen Economy
17 May 2018
AGM Hard to know why the dip with Brent hitting $80. The AGM is scheduled for tomorrow (18th) so maybe a bit of selling as risk management in case any negative news.H2
lizardtongue
17 May 2018
Morgan Stanley Kiss of death if I ever saw one.No news as to why the 10% drop this morning!Time to jump back in???Anyone know why?LT
Baker2005
17 May 2018
Re: Running out of steam well somethings afoot. They just dropped 8%. I am out for now until the dust settles.
Jack_Walsh
17 May 2018
Broker review????????????????????? Morgan Stanley today reaffirms its underweight investment rating on Petrofac Ltd (LON
FC) and raised its price target to 720p (from 475p).Underweight, but have raised there target massively to a point £1 above current price????????????????????????/
shugg1e
15 May 2018
Re: Running out of steam Plenty to go yet
Hydrogen Economy
15 May 2018
Re: Running out of steam MTWell it could be, but I'm not sure there is much sign of that yet looking at the chart. I have been slicing profit on the way up which gives room to buy back in case of a big dip like we saw in Feb which can happen any time but don't see anything to say that is imminent. On the contracts, March was a bit of a exceptional run, there have been longer periods without any announcements, if oil stays above $70/bbl there will be plenty more projects to bid.The SFO investigation remains the big unknown with no schedule to conclude.H2
marktime1231
15 May 2018
Running out of steam I have been holding for a recovery in PFC to 670, but a loss of momentum has me worried that we might not get there so soon, so I trimmed today.Brent at $79 is amazing, but the stream of news about contract wins has dried up and I wonder if PFC would be affected by putting Iran back on the naughty step.Pretty sure PFC remains a long term recovery bet so I will be looking for good news and the right time to increase my stake again.
veksi
10 May 2018
Re: X-div Divi + current sp makes this worth 655p now.It's not in my target price yet but it's tempting to think of taking profit off the table? Those who held must be pleased.To push much further need contract news. SFO inquiry drop would see this fly to dizzy heights. Long is the wait.
shugg1e
27 Apr 2018
Re: Barclays raises price target to 800p fr... Thats a nice upgrade i had 720p as the top target 650p on a weak runNice bull pullback completed
contrarianstyle
27 Apr 2018
Barclays raises price target to 800p from 600p Nice to get dividend and gap closed today with upgradePetrofac Ltd : Barclays raises price target to 800p from 600p
Boyobach
27 Apr 2018
Re: Sold too soon Fair points Shugg1e.The PFC boat has sailed for now as far as I'm concerned, having recouped my 2017 losses and eventually made a healthy profit I'm not interested in re-entry at these ex-div levels, especially with the SFO risk still outstanding. Fortunately I can benefit more directly from PoO elsewhere.GL in the meantime.
shugg1e
26 Apr 2018
Re: Sold too soon Dont worry about oil price the Saudis want $80 plus for their forthcoming Aramco float so i fully expect north of that this summer.For those that sold great chance to re enter this morning but buyers bought up the weakness even on an EX div day but now with the dividend missed you will be chasing that extra 20pAs long as oil stays strong PFC will continue northwards hopefully Trump will pull out the Iran deal and oil will spike up taking oil shares with it. Im not interested in the politics.
Boyobach
26 Apr 2018
Re: Sold too soon No kidding, shugg1e?Price holding surprisingly well today. Maybe because Brent is back on the up, although I can't really figure why PFC would react to relatively small short term PoO fluctuations. US production should swiftly ramp up at this kind of level, effectively putting a cap on the price. With the onset of the US 'driving season' demand, I guess PoO should remain firm for a few months.The sp drop from 625 to today's 576 was of a similar scale to that of late January (immediately before the big drop) and might have marked a potential buy-back point if it were not for the reasons set out by Speeder. On balance it is hard to see what will sustain the upward thrust that the sp has recently enjoyed. As February showed, the sp remains very vulnerable to the slightest whiff of bad news and remains quite fragile.
shugg1e
26 Apr 2018
Re: Sold too soon LolThe reference to Tuesday was infact a euphemism for something quite different.
