Secondary Recommendation

Petrofac - Oil services firm secures several new contracts

September 2010

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.

With oil prices making a strong recovery investors have been reminded of the risks of a supply crunch with a recent forecast by the International Energy Agency noting that by 2030 production capacity will have to rise 70% just to keep up with future demand. Finding new sources of oil is easier said than done with new projects tending to be far more complicated and expensive than older discoveries. However, one company that has the skills and resources to offer this help is FTSE-100 constituent Petrofac, a large international provider of facilities solutions to the oil & gas production and processing industries. The seeds for Petrofac's success were sown in 1991 when current chief executive Ayman Asfari took over and guided it ...

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Xchanging - Outsourcing firm looks under valued

ITE - Russian events on verge of strong recovery

Petrofac - Oil services group recovering after contract setback (November 2016)

Petrofac (May 2013)

Petrofac - "Farm-in" to large gas discovery in Cameroon (December 2012)

Petrofac - Oil services firm exploiting strong demand (September 2012)

Petrofac - To deliver "net profit growth of at least 15%" (July 2012)

Petrofac - Goldman Sachs has 2008p price target (April 2012)

Petrofac (January 2012)

Petrofac - Backlog twice covers revenues (October 2011)

Petrofac - US$2.1bn new orders (August 2011)

Petrofac (June 2011)

Petrofac - Huge contract win swell order backlog to US$13.5bn (March 2011)

Petrofac (February 2011)

Petrofac - Take some profit off the table (October 2010)

Petrofac - Shares hit new highs on back of forecast beating results (April 2010)

Petrofac (February 2010)

Petrofac - To deliver â€œat least 20% eps growthâ€ (December 2009)

Petrofac - Guidance for profit growth of at least 20% growth (October 2009)

Petrofac - Fast growing oil services firm with high predictability of revenues (August 2009)

Petrofac - Lower oil price reduces forecast (December 2008)

Petrofac - Interims beat expectations (October 2008)

Petrofac - Acquisition broadens service range (September 2008)

Petrofac - Oil & gas engineer with record order book (August 2008)

Petrofac - 10% eps upgrade (July 2008)

Petrofac - Shares break above Â£6 for first time (May 2008)

Petrofac - Shares soar over 50p (February 2008)

Petrofac - Oilfield services firm sees rampant demand as energy prices soar (November 2007)

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.

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