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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Petrofac - Oil services firm exploiting strong demand

September 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:
  • 1490p
Petrofac, which floated in October 2005, has proved an excellent investment with the shares rising from a low of 198p to a peak of 1770p in April this year, making it an established member of the FTSE 100 with a market value of £5.15bm. The key to its success is booming worldwide demand for oil and gas infrastructure, which it specialises in. An obvious reaction amongst some investors might therefore be that the shares are simply mimicking the amazing bull run in oil prices from around US$50 a barrel in '05 to the current US$117 / barrel. But the more pertinent reason for expecting growth to continue is that Petrofac has focused on building a customer base of well-heeled, predominantly Middle-Eastern, National Oil Companies ...

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Related Articles

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 - 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 - Oil services firm secures several new contracts (September 2010)
Petrofac - Shares hit new highs on back of forecast beating results (April 2010)
Petrofac (February 2010)
Petrofac - To deliver “at least 20% eps growth†(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 £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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