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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Petrofac - Goldman Sachs has 2008p price target

April 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PFC
  • Price:
  • 1714p
The cries requesting the Chancellor to cut fuel duty in the forthcoming budget are just another symptom of the problem that politicians daren't mention, namely that we are past peak oil. Unless something is done to step up the size and frequency of future discoveries, prices will remain high - particularly as one report from the International Energy Agency says that by 2030 global capacity needs to rise by 70% to keep up with demand. This is why those companies helping to turn on the taps are likely to perform well and one such example is Petrofac, a large international provider of facilities solutions to help the oil & gas production and processing industry build new energy infrastructure. Since listing in 2005 the company has rarel ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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