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?