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.

http://sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2313691

haven't read that that link, but prob to do with helicopter crash at a site off dubai ..... nothing to concern PFC per se ..... such a good company this, though it can be a bit volatile

That's the one

Looks like 30, 50 & 200 DMA lines will converge on the chart. It has happened before in 2006 & the sp steadily rose to new heights. Am not knowledgeable enough to say if this is a recognised pattern. Anyone else shed light on this?

Very steep drop for this one

PFC gets lumped in with the oilies, which is marginally unfair ...... am very surprised that 520 did not give support and sp has now teased below 500 ..... so many cheap and top-quality stocks out there, of which this is now one, but the markets are now so vbearish, one would need to be pretty brave to take much of a plunge

Of all the so called oilies PFC has to be one of the ones that has taken the biggest knock on the head !.

support from this time last year at 370p...looking oversold at the mo (what isn't?) so unless you you see WTI at last october's prices (60p) then it's a buy imo.

edit: just realised i was looking at Oct 06 prices. Wti actually at 12 month price so even more of a buy?

It looks more and more weakness coming very soon. SELL at 440p.

Closed at 380p today

true, but where will it open tomorrow? ..... a fair bit higher for sure, assuming Dow does indeed close to where it is as i write = 8837 = +304

it's very easy being the smartarse with hindsight (don't take that personally), but damn difficult working out exactly where one should buy/sell in real time

I really like this share. It does have big support around 380 ish but i've started feeling recently that the FTSE is just going for 3200 the low in2002 i think. Having said that, that is only a 20% fall from current levels so not that different.

More weakness occuring now...370p.

its quite expensive this share given current climate

This bloke don't think so GG -):


22 October 2008


Petrofac Limited
Director and Person Discharging Managerial Responsibility ('PDMR') Shareholding

In accordance with DTR 3.1.4, Petrofac Limited (the Company) was notified today that the following PDMR of the Company bought ordinary shares of US$0.025 each in the Company between 20 and 22 October 2008:


No. of shares bought
Total % of issued shares
bought
Average price per share
Total beneficial
holding following this notification
Total % holding of issued shares following this notification
Robin Pinchbeck
6,349
0.002%
3.9366
1,186,349
0.343%

...and there's more.

RNS Number : 9892G
Petrofac Limited
29 October 2008

Petrofac Limited

Directors/PDMR Shareholdings


In accordance with DTR 3.1.4, Petrofac Limited (the 'Company') was notified on 29 October 2008 that, Maroun Semaan, a director of the Company bought 500,000 ordinary shares of US$0.025 each in the Company on 28 and 29 October 2008 at an average price of 350.73 pence per share.

Following this notification, Mr Semaan currently has a beneficial interest in 30,568,799 shares, which represents 8.85% of the Company's issued share capital.

The Company has 345,434,858 shares in issue as at today's date and all shares have equal voting rights.

Contact for enquiries:

Mary Hitchon
Petrofac Limited
020 7811 4900

if i was brave (or stupid) i would buy PFC today on the basis that they have just landed yet another tasty contract but sp has dropped to it's year low at +/-330

cynic
no doubt about it, it is a good company.
i heard an interview on bloomberg last week discussing oil service companies in general.
it seems the worry is that with oil price currently low plus general market worries etc. many large projects are or may be cancelled/shelved/postponed, leading to surplus capacity being available. this in turn may lead to more aggressive competition along with both falling sales revenue and/or lower margins etc. these things generally take time to filter through and show themselves in results etc. maybe the market is just anticipating? as reflected by current share price.
i'm still fence sitting on this.i do come off it sometimes.
kind regards to you and all holders.
jkd

i am not a holder at the moment, but it is company that i follow ..... the concerns are correct but, along with a myriad of other quality companies, PFC is now probably undervalued

some others suddenly seem to think so too, with sp now +34