Petrofac stock buying opportunity.

[H4XoR]

Petrofac (LON:PFC)

Ayman Asfari, Non-executive Director bought 1 million shares in the company, yesterday (20 December, 2022) at 65.548p

Sami Iskander, Group Chief Executive bought 220,000 at 64.50p on the same day.

René Médori, Chairman bought 150,000 at 66.181p on the same day.

RNS information in link below


https://www.investegate.co.uk/petrofac-limited--pfc-/eqs/notification-of-transaction-by-persons-discharging-managerial-responsibilities/20221220160530ECTUS/


Once we break above 74.50p, we're through the resistance on the daily chart. I think we’ll do that today or tomorrow.

https://www.satpimps.co.uk/attachment.php?attachmentid=69656&d=1671628156

[cosworth4x4]

Ive bought a few , but cashed in one on its ass for months like most at the moment, so hopefully nothing to lose :D

[H4XoR]

I've bought more, this afteroon, at 71.95p.

[H4XoR]

Hitatchi and Petrofac to work on TenneT offshore power conversion stations

AMSTERDAM, Jan 13 (Reuters) - TenneT, the Dutch-German electricity grid operator, has struck an agreement for Hitachi Energy and Petrofac to work on two 2 gigawatt (GW) conversion stations it is planning in the North Sea, the company said on Friday.

Financial terms were not disclosed, but TenneT said it expects to award full framework contracts this quarter.

TenneT is building the conversion stations to collect electricity from offshore wind farms and send it onshore efficiently.

The company has been engaged to connect about two thirds of the 65 GW in offshore wind capacity targeted by Germany, the Netherlands, Denmark and Belgium by 2030. (Reporting by Toby Sterling Editing by David Goodman)

Petrofac share price is up 6.59% in this mornings trading. Share price currently at 82p