Petrofac Ltd (PK) (POFCY) News

Nice work! I'm in with a small position.

https://ibb.co/gmkS5Ls. this is my account in the picture. I actually bought it 30mins before closing the day before it popped from .06 to 3.27 here is evidence of that morning. I did sold and reentry back recently. I believe this is a monster company in the future. it's price difference is crazy and uk version actually got reinstated back to the exchange after 1 year of suspension. I like the stock.

You have my attention

Petrofac is listed on both the US OTCBB (symbol: POFCY) and London Stock Exchange (symbol: PFC) .

Notwithstanding these challenges, we entered 2024 with an order backlog of US$8.1 billion, 90% won in 2023 and largely comprising contracts in our core markets, and a Group pipeline of US$60 billion scheduled for award in the next 18-months. Within this, E&C’s addressable pipeline is US$48 billion, of which 58% is in our core MENA markets and 18% in energy transition sectors. Asset Solutions’ addressable pipeline is US$12 billion, of which 70% is in target geographies outside the UK & Europe.
Free cash outflow for the year of US$223 million.

POFCY, $0.09, It ran to $3.27 from $0.075 on May 21. Running is going to repeat ANY TIME!

POFCY, Just found this stock. It’s very interesting: it went as High as $3.27 from $0.075 on May 21, 2024.

2024-05-21, POFCY, High: $3.27, Low: $0.0777, Closed: $0.64, Volumes: 11,493,451 shares.

Actually, it had been $18 at around 10 years ago. It’s a monster company with lots of offices in 40 countries. It has got $8.1 Billion contracts in hand this year: this might be the reason for it to go up to $3.27.

O/S: 50 million shares. Current market values just $5 million, extremely undervalued !!!

Watch it closely, and it might and will go back to dollars, again with $8.1 billion contracts in hand already.