On 3rd July PFC announced that it was trading well ahead of expectations. Not surprisingly, sp jumped but has now fallen back pretty much to the same level as before the announcement.

While perhaps not as exciting as finding the next Cairn, remember that in the goldrush days, it was rarely the prospectors who made the money, but rather the suppliers of the spades and tents and stuff - e.g. Levis if memory serves me aright.

They say : never catch a diving knife, but sometimes you have to because this one when it goes up : it goes up...!

Falling knife in this current market is very dangerous.

it's a damn good company, but that does not mean sp has bottomed

Looks like I'm getting my second chance to get in here.

Yes, I should have waited a little longer, problem is : can't watch it all the time, work to do, I have missed many a rise whilst at work, I might even double up if I can see the bottom, I still think we shall see this stock above 5 very soon (as long as oil prices don't drop too much.

Head and shoulders pattern here !

Well there you go, silly me, serves me right ! should have known better, drop looks overdone now !

Oilies taking a knock, I did sell quite a few a few days ago, should have sold them all, but there you go,,,,

Oh ! well done required field, perfect timing in coming back into PFC .

should be a dead cat bounce from here, looks overdone now in my opinion.

Recovering a little now, anyway you look at this it will outperform the market over the next 12 months

The way these oil stocks have dropped you would think that the oil price had come down by a third, and there was profit warnings across the board, quite the contrary.

had clocked up a fairly pretty profit so have banked it ...... today could be very rocky indeed, and it is totally impossible to tell where Dow will end up ..... as PFC can be pretty volatile at the best of times, selling seemed no more than prudent, though am very sure indeed that i shall buy back in due course

cynic... have a look at WG. ( Wood Group)... good results just out !

thanks for the thought ...... good company for sure

if the market was not so damn scary and jittery, i would wholeheartedly re-recommend PFC and would be buying back in after those first class results and the unwarranted fall-back of sp.

mind you, WG. did exactly the same and then recovered sharply the following day

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on reflection, but not without some trepidation, have just bought at 551

Bought in today with proceeds of IEC sale (made a loss there, hoping for better luck here!).

Afternoon all. Well, I have added PFC again to my ISA at 539p. Results good and 'usual' after event drop. The takeover hype is defused for a while, but I can 'feel' news in the air as the oil services sector in both UK and Middle East is buzzing.

if PFC gets an approach, that would be a bonus .... i just think the company deserves its premium rating both on history and prospects

Oil at an all time high, tremendous results..what happens ? it dives...nothing making sense any more !