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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Petrofac - 10% eps upgrade

July 2008

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:
  • 730p
Shares in Petrofac, which provides facilities solutions to the oil & gas industry, soared to a new high of 700p after it noted that full-year profits will now be at the top end of expectations, prompting analysts to upgrade forecasts. Highlights in H1 included the award of two huge lump-sum contracts by its engineering & construction division taking the value of new orders above the US$1 billion mark.  Trading is also strong in operations services, which involves the daily management of assets such as oil rigs and gas processing plants. Meanwhile, energy developments, which takes stakes in producing oil & gas fields, will shortly receive a major boost when the Don South West and West Don fields, which it operates ...

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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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