Buy Petrofac #PFC says VectorVest. Oil price recovery & bumper $5.2bn order book strongly support rerating argument

Petrofac PFC.L is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects. PFC operates through three segments: Engineering & Construction, Engineering & Production Services, […]

Petrofac slashes interim dividend by 42%

Petrofac PFC is slashing its interim dividend by 42% to 12.7 cents compared to last years  22 cents, despite what it claims to be a positive start to the year and a rise in net profit from last years US$12m to US$ 70m. for the half year to 30th June. The company is continuing to […]