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Petrofac - service supplier to oil/gas industry (PFC)     

cynic - 31 Jul 2006 16:46

Chart.aspx?Provider=EODIntra&Code=PFC&Si



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.

HARRYCAT - 14 Jul 2016 12:54 - 680 of 839

Liberum Capital today reaffirms its buy investment rating on Petrofac Ltd (LON:PFC) and set its price target at 1000p.

HARRYCAT - 30 Aug 2016 08:47 - 681 of 839

"Oil services company Petrofac said it made a $12m first half net profit compared with a $182m loss in the same period last year.
Revenue rose to $3.9bn from $3.2bn, helped by record levels of activity and expected to deliver full year results in line with expectations with a net profit of around $440m.
Petrofac booked a $123m exceptional charge for the first half and said profit excluding losses on the delayed Laggan-Tormore project were $236m. It said it had a strong bidding pipeline for engineering & construction for the second half of this year and into 2017.
The interim dividend was held at 22 cents a share.
“We have delivered a positive set of results for the first half of the year, reflecting good project execution. We are on track to meet expectations for the full year 2016 and our high level of backlog gives us excellent revenue visibility for 2017,” said chief executive Ayman Asfari."

mentor - 21 Sep 2016 23:35 - 682 of 839

Petrofac tells Tunisia it starting shutdown over protests - official, source

TUNIS, Sept 21 (Reuters) - British oil and gas industry services company Petrofac has told Tunisia's government it has started to shut down its local operations after months of protests disrupted gas output, a government official and a Petrofac source said on Wednesday.

Petrofac, which supplies around 13 percent of the North African country's domestic gas needs, sent a letter to the government saying it had begun the process of leaving Tunisia, the two sources said.

Prime Minister Youssef Chahed was holding an emergency meeting with defence and interior ministers to find a solution to the Petrofac situation and end the crisis.

Petrofac representatives were unable to give an immediate comment

HARRYCAT - 15 Dec 2016 08:39 - 683 of 839

StockMarketWire.com
Petrofac said in a pre-close trading update that its FY net profit is expected to be c.$410m in 2016, in line with previous guidance.

"We are on track to deliver positive results in 2016 in line with guidance reflecting record revenues, solid operational performance across all of our businesses and the delivery of significant cost savings," said CEO Ayman Asfari in a statement.

"We also continue to make good progress on our strategy to refocus on our core strengths and reduce capital intensity. During the year we exited the Berantai Risk Service Contract in Malaysia and Ticleni Production Enhancement Contract in Romania."

OTHER HIGHLIGHTS:
- Group (excluding IES) is expected to deliver a better than expected net profit of c.US$465 million: IES is expected to report a loss of c.US$55 million, predominantly reflecting low realised oil and gas prices and a change in depreciation policy

- Results will benefit from record revenues, improved operational efficiency and a c.25% reduction in headcount during the year

- Group order intake of US$1.4 billion reflecting challenging market conditions. Group backlog of US$14.5 billion at 30 November 2016 (30 June 2016: US$17.4bn)

- Reducing capital intensity with c.US$300 million of proceeds from Berantai RSC exit

- Net debt currently expected to be around US$0.9 billion at the year-end (30 June 2016: US$0.9bn).

HARRYCAT - 06 Jan 2017 12:33 - 684 of 839

Canaccord Genuity today reaffirms its hold investment rating on Petrofac Ltd (LON:PFC) and raised its price target to 925p (from 900p).

HARRYCAT - 09 Jan 2017 07:25 - 685 of 839

StockMarketWire.com
Petrofac has signed a contract worth close to $600m with Salalah LPG SFZCO LLC (SLPG), wholly owned subsidiary of Oman Oil Facilities Development Company LLC (OOFDC), to undertake the engineering, procurement and construction (EPC) of its Salalah LPG extraction project in the southern part of Oman.

Under the terms of the 36-month lump sum EPC contract, which will be triggered when SLPG issue to Petrofac the Notice To Proceed (NTP), Petrofac's scope of work will include construction of the liquefied petroleum gas (LPG) unit and associated facilities, including tie-ins to existing pipeline infrastructure, together with LPG storage and jetty facilities at the Port of Salalah.

Stan - 08 Feb 2017 15:37 - 686 of 839

Down nearly 5% what's occurring?

cynic - 08 Feb 2017 15:49 - 687 of 839

probably nothing
PFC has a nasty habit of dumping on a whim

Stan - 08 Feb 2017 15:52 - 688 of 839

Can you be more specific )-;

cynic - 08 Feb 2017 15:56 - 689 of 839

not easily, but if you look at the chart, you will see that every so often, sp just dives, and a x-check would show that there may well be no obvious cause

it can go the other way too

all aka a volatile stock :-)

Stan - 08 Feb 2017 16:19 - 690 of 839

This is true as you say but staying on the fence just in case.

cynic - 08 Feb 2017 16:28 - 691 of 839

i followed it for years though i don't hold at the moment

Stan - 08 Feb 2017 16:49 - 692 of 839

Yes me to no stamp duty with these either for those buying shares.

Stan - 09 Feb 2017 11:14 - 693 of 839

I'm in.

cynic - 09 Feb 2017 11:20 - 694 of 839

it's one of the best in its sector
only question is whether or not it is a good sector to be in ...... probably is my view

Stan - 09 Feb 2017 12:03 - 695 of 839

PFC Certainly worth staying clear after March over the last 5 yrs according to their chart.

cynic - 09 Feb 2017 13:43 - 696 of 839

need to check, but i'ld guess that is immediately following their figures, regardless of how good they look

HARRYCAT - 09 Feb 2017 14:17 - 697 of 839

Chart.aspx?Provider=EODIntra&Code=PFC&Si


Do you guys not think that there is a little more downside to come? I suppose it's pretty much impossible to buy at the absolute bottom, but would be tempted to wait a little longer to see if the 200 DMA is broken, which historically does happen on a regular basis.

cynic - 09 Feb 2017 14:36 - 698 of 839

it's not in buying "wallet" at the moment, so had not really thought about it
to some extent, i guess sp moves parallel to crude (brent in saudi), so a view in that respect needs to be considered

Stan - 20 Feb 2017 14:12 - 699 of 839

Anyone want to buy my shares before their results this week? -)0
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