Petrofac Forum

CEO is obviously confident of an upswing in the share price sooner or later. Maybe the SFO inquiry will soon be finished and not as bad as expected..looks promising for investors anyway

LONDON, March 21 (Reuters) - Petrofac Chief Executive Officer Ayman Asfari has acquired 10 million pounds ($14 million) of shares in the oilfield services company, a regulatory filing shows. Asfari increased his stake in Petrofac from 18 percent to nearly 19 percent after acquiring more than 2 million ordinary shares at 494.113 pence per share, with a total consideration of 10 million pounds, the filing said. reuters.com

Cruel to be be kind...how arrogant! Doesn't hurt to be helpful to others does it

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Interesting that theres a lot of consolidation going on now in oilfield services. Does anybody have a good guess at what PFC would likely go for. Id be happy with anything around £6 plus