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Petrofac Ltd (PFC)

London
Currency in GBP
Disclaimer
27.42
+1.42(+5.46%)
Closed

PFC Price Commentary

A new UK and ADNOC contract now signed off. Should start to tick up but expect this to really make waves in H1 of 2023.
Exits the 250
Not the first time. Many comapnies exit and re-enter. PFC are one them.
This stock is only for trade and no long term hold. Amazing to see that it is still going down even though oil price remains elevated.
wait for the music to stop first
bought half back at 80
Going South
Back in the 90s by next week. Shorters running riot.
A thumb down but I'm on the money!
Wiuth H2 looking weak thus far then the outlook needs to be 2023. I can see this sliding further in the 80's with limited revenue streams and debt to resolve.
Q4 upon us soon and still no sign of the deals the Boards predicted some contract awards. H2 was meant to look rosy so they need to get their skates on to ensure the SP doesn't lag further. No contracts in H2 then I see 90-95p range.
And here we are, fast approaching the 90's.
Still treading water but believe H2 will be positive for PFC with many contracts to win. CEO seems positive too. Great price to get in if you're willing to hold for 24-36 months.
Steady retrace back to 100. Needs a contract of sizeable note to lift out of this decline.
Im inclined to reestablish a long position in this again
Should price clear and sustain then next stop 137/145 with a final push on to 160
103p being hammered post Russian invasion
Why has petrofac not followed the rest of the oil companies? Is there a reason?
thank you
Because their real name is Petrof.ck
bribery scandal is still hanging over
The company is on a clear road to recovery. They have been resiliant and clear in their future direction. There is definately long term growth and profits to be made!
111.5p
120p big drop on Covid news..
126p today
I'm in energy sector and anyone will tell you epc business is probably one of the most challenging (for reasons such as insanely high liquidated damage if you don't deliver a project on time... Why do you think they needed to pay bribes in the first place?). I would imagine the new management will have to be even more aggressige on their pricing to win new projects (this add risk to LDs). Again, this stock is for short term trading. I would not hold this stock into quarterly result announcement.
new CEO in place and the closure, finally, of the SFO investigation, oilfield services company Petrofac (LSE:PFC) looks to be turning over a new leaf.
shocking and painfull but the shares have recovered from the 121p lows..in for the long term...so 2023 isn't that far away..
Back to 95 soon, this share is big drama queen
I reckon 115p and settle there.
No one should buy this stock for long term hold. Its only for swing/day trading.
likely to see gap down today. 180 million-pound fund raising.
Possibly -20% to -25% correction but hope I'm wrong
168p is it time to double down ?
Strategic partnership with Gazprom to promote gas supplies around the world and develop Russian markets 225p short term and 400p long term LOAD UP BUY @172p today
With no news i expect this to retrace to circa 155 - 160 in the next week or so. If it does I'll fund another 30% of my cash reserves to it. Further drops then a nother 30%.
well from a "holders" point of view I hope not... but if you want to triple down...it's Great for you...my target for next week is 175p
I see no reason why we are not min 250 by year end. I'd also expect us to be trading at 400 by mid 2022.
Jan totally agree and a toe up with GAZPROM can only be good news
other sites stating shares are being held back and the expectations are to be in excess of 400p
400 plus with Adnoc unblocking them and awarding them a contract
explain your post a little more...what's adnoc and can you flesh out your comments ??
Adnoc is Abu Dhabi Oil company. They blacklisted Petrofac due to onging SFO investigation. I am hoping as the SFO matter is resolved they will unblock Petrofac to participate in mega projects. Hoping the same from Saudi Aramco
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