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.

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

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.

Down nearly 5% what's occurring?

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

Can you be more specific )-;

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 :-)

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

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

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

I'm in.

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

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

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

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.

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

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

it's nearly always cheaper to buy these just after the results .... bit like DOM

Never like holding on results day now with any company, Oh well.

Up over 3% so happy with that I'm out.

Deutscher Bank go above 5% http://http://www.moneyam.com/action/news/showArticle?id=5518082