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Petrofac - sfo - short squeeze

Buy-the-stock

By Buy-the-stock,
in Shares and ETFs

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Buy-the-stock

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Posted

Hi,

 Anyone think Petrofac will experience a short sqeeze.  This shorts are 8% of the stock, Blackrock, Rye Bay and Capeview.  Those leeches!

I guess they are holding on for a negative outcome on the SFO inquiry.  Living in hope?   There may be a fine but if it's reasonable, or no charge, we have a big chance of a massive short squeeze.  Add to that that the company seems very much undervalued, debt/cash situation is pretty good and the company seems to be winning some contracts despite the continuous investigation.  Any views on the SFO, short sqeeze and longer term value/sp - 300-400p?

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