SpeederD
03 Apr 2018
Further mandate SECURES FURTHER INDIA EPC AWARDRECEIVED A LETTER OF AWARD FROM VEDANTA LIMITED FOR ITS RAAGESHWARI DEEP GAS FIELD DEVELOPMENT PROJECT LOCATED IN BARMER, RAJASTHAN, INDIA.SUM ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) PROJECT, IS VALUED AT APPROXIMATELY US$233 MILLIONUNDER TERMS OF 23 MONTH CONTRACT, SCOPE OF WORK INCLUDES WELL PADS, FLOWLINES AND A NEW GAS PROCESSING TERMINAL.
SpeederD
29 Mar 2018
RNS About USD1bn of new contracts in March.Petrofac has been awarded a contract worth US$265million for the development of the Marmul Polymer Phase 3 (MPP3) Project in southern Oman. This is the first award to be secured under a 10-year Framework Agreement with Petroleum Development Oman (PDO) signed in 2017, which enables Petrofac to provide Engineering, Procurement and Construction Management (EP+Cm) Support Services for PDO's major oil and gas projects.
spiritfinder
28 Mar 2018
Significant Contracts & Dir Buys! When you have significant new Contracts and heavy director Buys, they suggest a strong bullish sentiment towards recovery, especially with a stock that has seen a previous erosion in its market cap.They say BUY when others fear to, but that can be a two edged sword with some companies not displaying any underlying reasons to support a recoveryHowever, the factors for such a recovery and hence optimism are more clearly aacertained, hence a remarkable opportunity at this stage to realize significant Shareholder value off said recovery.That's also further underpinned by a more robust macro economic environment.I'm building up my holding in staged purchases, having increased my overall holding today by another 30%.Certainly looking very good indeed for said recovery imho and sits well with my less established but highly exciting MATD O&G stock.
veksi
22 Mar 2018
Re: Asfari vote of confidence Moody upgrades petrofac credit rating.[link]
Hardboy
22 Mar 2018
Re: Asfari vote of confidence Contracts worth over $900m announced in the last 9 working days should help everyone's confidence.
veksi
21 Mar 2018
Asfari vote of confidence Boss bought shares worth more than 10 million quid.That says a lot considering he is an insider.This is going up.
Bloodshot
21 Mar 2018
CEO is obviously confident of an upswing in the share price sooner or later. Maybe the SFO inquiry will soon be finished and not as bad as expected..looks promising for investors anyway
Bloodshot
21 Mar 2018
LONDON, March 21 (Reuters) - Petrofac Chief Executive Officer Ayman Asfari has acquired 10 million pounds ($14 million) of shares in the oilfield services company, a regulatory filing shows. Asfari increased his stake in Petrofac from 18 percent to nearly 19 percent after acquiring more than 2 million ordinary shares at 494.113 pence per share, with a total consideration of 10 million pounds, the filing said. reuters.com
Hub
21 Mar 2018
Re: RNS More wins announced this morning which makes March look a pretty good month. You wouldn't know it looking at the sp which is down almost £1 from 580p levels.The mantra these days is that good news is bad news and results in selling and bad news is not as bad as many thought which means it's a buy on bad news and sell on good.Have I lost you yet? It's a strange market place at present. Just need some M&A to arrive to give the Casino a slap around the chops. Petrofac is a target no doubt about that. Just a question of buyers rolling the dice on the possible SFO fine.HUB
SpeederD
19 Mar 2018
RNS PETROFAC AWARDED US$580 MILLION EPC CONTRACTPetrofac Limited is pleased to announce it has signed a binding letter of intent, for a contract worth around US$580 million with a GCC National Oil Company for the engineering, procurement and construction (EPC) of a major project. Specific details in relation to the project remain confidential at this time and additional information will be announced in due course. E S Sathyanarayanan, Group Managing Director, Engineering & Construction, commented: "Petrofac has a very strong record of project execution in the GCC. This latest contract award further cements our footprint in our core markets, and we look forward to delivering a safe and successful project."
Boyobach
13 Mar 2018
Re: March Broker Reports 'Buy side' analysts v 'Sell side' analysts maybe ?? So, two price targets: 470 if you are looking to buy..... 630 if you plan to sell ?I now bunch analyst numbers into two camps and average the top set and the bottom set. I have NO idea if this is any good - just what I tend to do.
FRTEB
13 Mar 2018
Re: Final Divi date. I've seen similar inane questions asked - often by either complete newbies or those with next to no posts. But in both cases I think to myself if they are so inexperienced at investing that they can't find answers to such basic questions then A) they are probably a liability to themselves B) why are they doing it? - go get a financial advisor! and C) do I want to encourage them?! (no!) The other thing that typically happens is the inane question gets answered and the person asking it doesn't come back to say thank you. This was a case in point - 8 days after asking the question Samzin hasn't said 'thank you'. It's not like it costs anything to be polite. This comes across as being self-centred and ungrateful and I think it discourages people from being helpful....Anyway, PFC is up a tad more today, so that's good.
SpeederD
13 Mar 2018
March Broker Reports Kepler Cheuvreux - BUY - 660pBarclays - BUY - 600pOn the other side of the coin:Morgan Stanley - 475pCredit Suisse 460p
Boyobach
12 Mar 2018
Re: Final Divi date. Yes, a polite enough question.The reason for it: 'Haven't seen any announcement', given the FY results and RNS of a few days prior, seemed a bit pathetic to me. If that's an arrogant view then so be it.
Ripley94
10 Mar 2018
Re: Final Divi date. Glad i read this tread .Arrogant remarks to a polite question.
