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Petrofac Limited (PFC)

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ReallyVeryFoolish
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Re: Petrofac Limited (PFC)

#331276

Postby ReallyVeryFoolish » August 6th, 2020, 2:35 am


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Re: Petrofac Limited (PFC)

#332105

Postby ReallyVeryFoolish » August 10th, 2020, 10:41 am


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Re: Petrofac Limited (PFC)

#332317

Postby PinkDalek » August 11th, 2020, 7:26 am


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Re: Petrofac Limited (PFC)

#332320

Postby ReallyVeryFoolish » August 11th, 2020, 7:40 am


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Re: Petrofac Limited (PFC)

#332327

Postby ReallyVeryFoolish » August 11th, 2020, 8:21 am

ReallyVeryFoolish wrote:Could be worse..............

https://www.petrofac.com/en-gb/media/ne ... ent=hy2020

RVF

Hmmm, Mr Market is unimpressed, PFC marked down 7% this morning.

RVF.

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Re: Petrofac Limited (PFC)

#332806

Postby ReallyVeryFoolish » August 13th, 2020, 2:26 am

North Sea oil services giant notes ‘early signs of improvement’ in sector


I hope they're right.

https://www.heraldscotland.com/business ... nt-sector/

RVF

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Re: Petrofac Limited (PFC)

#340655

Postby monabri » September 16th, 2020, 2:07 pm

https://www.rigzone.com/news/petrofac_b ... ticle/?amp

"Petrofac’s Engineering and Production Services (EPS) business has revealed that it has bagged a multi-million dollar integrated services contract with Ithaca Energy.

As part of the new five-year deal, Petrofac will integrate operations, maintenance, engineering, construction and onshore and offshore technical support across Ithaca’s North Sea operated asset base. The contract extends Petrofac’s existing working relationship with Ithaca, as well as the duration and breadth of services it provides for the Alba, Captain, Erskine and FPF-1 assets."

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Re: Petrofac Limited (PFC)

#340668

Postby ReallyVeryFoolish » September 16th, 2020, 3:17 pm

monabri wrote:https://www.rigzone.com/news/petrofac_bags_multimillion_dollar_ithaca_deal-15-sep-2020-163298-article/?amp

"Petrofac’s Engineering and Production Services (EPS) business has revealed that it has bagged a multi-million dollar integrated services contract with Ithaca Energy.

As part of the new five-year deal, Petrofac will integrate operations, maintenance, engineering, construction and onshore and offshore technical support across Ithaca’s North Sea operated asset base. The contract extends Petrofac’s existing working relationship with Ithaca, as well as the duration and breadth of services it provides for the Alba, Captain, Erskine and FPF-1 assets."

Very disappointing share price this year versus Wood Group. Not sure why PFC have sunk to such a pitiful share price. PFC are at least as good a firm as Wood in my experience. Yet Wood share price has rebounded a great deal versus PFC who are plumbing the depths.

RVF

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Re: Petrofac Limited (PFC)

#340669

Postby Bouleversee » September 16th, 2020, 3:23 pm

You would think that might give rise to at least a small uptick in the price but alas! no.

Isn't it about time there was some decision on the corruption front? That might help a little.

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Re: Petrofac Limited (PFC)

#340681

Postby ReallyVeryFoolish » September 16th, 2020, 4:37 pm

Bouleversee wrote:You would think that might give rise to at least a small uptick in the price but alas! no.

Isn't it about time there was some decision on the corruption front? That might help a little.

IIRC, Wood also has SFO issues dating back to AMEC/FW days. But the divergence recently in PFC and Wood share prices is very unusual in recent times. I watch both firms quite closely and I know of no reasons for Wood shares to be almost 2x the price of PFC shares presently.

Just to add - North Sea is very small beer these days. Such a contract is a flea bite in the overall scheme of things.

RVF

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Re: Petrofac Limited (PFC)

#340717

Postby monabri » September 16th, 2020, 7:21 pm

ReallyVeryFoolish wrote:
Bouleversee wrote:You would think that might give rise to at least a small uptick in the price but alas! no.

Isn't it about time there was some decision on the corruption front? That might help a little.

IIRC, Wood also has SFO issues dating back to AMEC/FW days. But the divergence recently in PFC and Wood share prices is very unusual in recent times. I watch both firms quite closely and I know of no reasons for Wood shares to be almost 2x the price of PFC shares presently.

Just to add - North Sea is very small beer these days. Such a contract is a flea bite in the overall scheme of things.

RVF


Without looking at the key..which one is which? ; Wood Group v PFC ! (Graph of Total return over the last 3 years).

Image

Or over 5 years which encompasses the time period when PFC got hit by the investigation.

Image

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Re: Petrofac Limited (PFC)

#340720

Postby ReallyVeryFoolish » September 16th, 2020, 7:25 pm

monabri wrote:
ReallyVeryFoolish wrote:
Bouleversee wrote:You would think that might give rise to at least a small uptick in the price but alas! no.

Isn't it about time there was some decision on the corruption front? That might help a little.

IIRC, Wood also has SFO issues dating back to AMEC/FW days. But the divergence recently in PFC and Wood share prices is very unusual in recent times. I watch both firms quite closely and I know of no reasons for Wood shares to be almost 2x the price of PFC shares presently.

Just to add - North Sea is very small beer these days. Such a contract is a flea bite in the overall scheme of things.

RVF


Without looking at the key..which one is which? ; Wood Group v PFC ! (Graph of Total return over the last 3 years).

Image

Yes, it makes no sense to me why over the last few weeks Wood shares have increased to almost 2x that of PFC. You need to zoom right in at the end of the chart to see it.

RVF

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Re: Petrofac Limited (PFC)

#340723

Postby monabri » September 16th, 2020, 7:31 pm

What's the reasoning behind comparing the shares prices of two companies? The result at the moment is that both companies are pretty dire.

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Re: Petrofac Limited (PFC)

#340729

Postby ReallyVeryFoolish » September 16th, 2020, 7:40 pm

monabri wrote:What's the reasoning behind comparing the shares prices of two companies? The result at the moment is that both companies are pretty dire.

Simply because for the last few months the share prices have been fairly similar (dire) give or take. But for no reason I am able to determine, Wood stock has now increased to almost 2x the price of PFC. I find that curious, however, others may not. Why Mr Market suddenly thinks Wood shares are worth a lot more than a few weeks ago while PFC shares are not is beyond me. The two companies are very similar indeed.

RVF

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Re: Petrofac Limited (PFC)

#342744

Postby ReallyVeryFoolish » September 25th, 2020, 11:52 am

Oh dear me. Looking like Petrofac stock could go below £1 soon.

RVF

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Re: Petrofac Limited (PFC)

#342755

Postby Bouleversee » September 25th, 2020, 12:21 pm

Dear me, indeed! Could we have some good news for a change. Any reason, other than the market being down generally? Am kicking myself for putting rather too much family money into this stock.

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Re: Petrofac Limited (PFC)

#342759

Postby ReallyVeryFoolish » September 25th, 2020, 12:29 pm

Bouleversee wrote:Dear me, indeed! Could we have some good news for a change. Any reason, other than the market being down generally? Am kicking myself for putting rather too much family money into this stock.

Same here but there are several others too, not just PFC. I am at a complete loss why PFC has lost so much value fairly recently. Industry peers have not suffered anything like as much as PFC.

RVF

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Re: Petrofac Limited (PFC)

#342764

Postby Dove21 » September 25th, 2020, 12:36 pm

Today's IC shows short interest has climbed to 7.8%. Wood's is at 3.8%.

At least a contributing factor, I would have thought

Dove

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Re: Petrofac Limited (PFC)

#342869

Postby Bouleversee » September 25th, 2020, 7:16 pm

Crikey, it's worse than I thought. My holding is split over 2 ISAs and I've just woken up to the fact that I am losing nearly £20k (around 80%) and that's not including my children's holdings. I looked for news on the IWeb website and this came up:

https://www.markets.iweb-sharedealing.c ... 4&type=bsm

Looks like we could lose all our money. What to do, now?

And it's not the only one for me either, RVF. Very far from it!

What I don't understand is why it was being tipped as a buy as recently as August. I hadn't read anything about all this indebtedness.

I've suddenly lost my appetite, for supper as well as investing. :(

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Re: Petrofac Limited (PFC)

#342891

Postby monabri » September 25th, 2020, 8:33 pm

Just how long are the SFO going to sit on this? I'm also down about 80% on PFC. The way if is going they will be bought for a song by the US ...well done SFO!


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