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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • PFC
  • Price:
  • 1291p
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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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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