Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide.
Industry: Oil Equipment, Services & Distribution
LSE Main Market
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Latest twits on Petrofac (PFC)
Flor Crowley 28 Jul 2016, 13:11
$RDSA$BP.$BG.$TLW$PFC$WG.$SCL end of driving season and supply glut will drive oil prices down - negative for oil companies for the next 9 months untill the next driving season #bearish
Robert Sheridan 28 Apr 2015, 22:36
$RDSA$BP.$BG.$TLW$PFC$WG.$SCL Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange (ICE) data showed, the highest level since records began in 2011.
"The long-to-short ratio has reached 6.4 and we’ve only seen an extreme situation like that three times since 2011. All three times we’ve seen quite a correction in the market." www.reuters.com/article/2...20150428
Blackstone Group LP’s Chairman Stephen Schwarzman is seeing “remarkable” opportunities in debt and equity that are emerging out of the slump in crude oil. www.bloomberg.com/news/ar...ping-oil
In the last 6 months Schwarzman several times indicated that it's a unique time to #buy oil and related companies. On LSE pay attention to $RDSA$BP.$BG.$TLW$PFC$WG.$SCL - most of them are on historically low levels.
Petrofac stock price chart
Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through four segments: Onshore Engineering & Construction, Offshore Projects & Operations, Engineering & Consulting Services, and Integrated Energy Services. The Onshore Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry. The Offshore Projects & Operations segment offers offshore engineering, operations, and maintenance services; and engineering, procurement, and construction project execution services to the offshore oil and gas industry. The Engineering & Consulting Services segment provides technical engineering, consultancy, conceptual design, front end engineering and design, and project management consultancy services for various sectors, including renewables. The Integrated Energy Services segment co-invests with partners in oil and gas production, processing, and transportation assets; and offers production improvement services, and oil and gas related technical competency training and consultancy services. Petrofac Limited was founded in 1981 and is based in St Helier, the Channel Islands.