Spread Betting on Petrofac Shares (PFC)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Petrofac?

A Financial Spreads account provides investors with a large range of equities including Petrofac, Reckitt Benckiser, Microsoft and BMW, along with a broad selection of other international shares.

Where Can I Access Live Prices for the Petrofac Market?

A FinancialSpreads account provides real-time pricing on over a thousand spread trading and CFD markets like Petrofac and an array of other shares, stock markets, forex and commodities prices.

Where Can I Get Live Petrofac Charts?

When trading with Financial Spreads you can access a real time charting package for Petrofac and over 1,000 other markets.

Along with different display styles, the package also comes with a variety of advanced options:
Example equity chart:

Shares Spread Betting Charts



A Guide to Spread Betting on Petrofac

For example, let's suppose you sign into FinancialSpreads and see the current quote is:

  Petrofac Rolling Cash Sell

799.9
Buy

801.6


Here is a brief example of how the market works

Spread Betting MarketPetrofac Rolling Cash
The Quote799.9p - 801.6p
This Means ThatYou can spread bet on the Petrofac Rolling Cash market moving:

  Spread Betting Higher than 801.6p, or
  Spread Betting Lower than 799.9p

This is a 'Rolling' spread betting market which means that there is no expiry date. If you haven't closed your trade and the session ends then your position will automatically roll over into the next trading day.

Note: if a trade rolls over then you will normally either pay or receive a small fee for overnight financing based on whether you are betting on the market to go up or down. For further information see Rolling Spread Bets.
Traded UnitsFinancial spread bets on the Petrofac market are made in £x per penny price movement.

E.g. if Petrofac changes by 30p then you would lose or win 30 multiples of your stake.
Stake (Trade Size)You choose how much you are going to trade per penny, e.g. £3 per penny, £4 per penny, £15 per penny etc.
Quick Staking ExerciseFor example, if you chose a stake of £3 per penny and Petrofac moves 34p, you would lose / win £3 per penny x 34p = £102.


Worked Example - Taking a Long Position on Petrofac

Spread betting on the share to increase in value

You Now Work Out Whether to Buy or Sell Petrofac to move:

  Spread Betting Higher than 801.6p? or
  Spread Betting Lower than 799.9p?

You Might Choose to Go Long   Spread Betting Higher than 801.6p
You Select Your Stake Size, Let's Assume You Opt For £3 per penny
What Happens Next?
  • You gain £3 for each penny Petrofac pushes above 801.6p
  • You lose £3 for every penny Petrofac pushes lower than 801.6p
When Speculating on a Market to Increase Your P/L = (Final Price - Opening Price) x stake
 
Situation 1
Petrofac increases and the market changes to 833.7p - 835.4p, i.e. the market moves to:   833.7   835.4
Time to Lock in a Profit? You may opt to let your trade run or close it in order to take your profit. In this example you choose to settle your trade and sell at 833.7p.
Your P/L = (Final Price - Opening Price) x stake
(833.7p - 801.6p) x £3 per penny
32.1p x £3 per penny
Your P/L = £96.30 profit
 
Situation 2
Petrofac slips and the spread trading market is revised and moved to 773.5p - 775.2p, therefore you would see this on Financial Spreads:   773.5   775.2
Close and Restrict Your Loss? At this point, you can opt to keep your position open or close it in order to limit your losses. For this example, you opt to settle your bet and sell the market at 773.5p.
Your P/L = (Final Price - Opening Price) x stake
(773.5p - 801.6p) x £3 per penny
-28.1p x £3 per penny
Your P/L = -£84.30 loss


Spread Betting Example - Going Short of Petrofac

Financial spread trading on the share to move down

You Now Decide Whether to Go Long or Short Petrofac going:

  Spread Betting Higher than 801.6p? or
  Spread Betting Lower than 799.9p?

Let's Assume You Go Short   Spread Betting Lower than 799.9p
You Choose How Much to Risk, Let's Say You Opt For £2 per penny
So What Next?
  • You lose £2 for every penny Petrofac increases above 799.9p
  • You gain £2 for every penny Petrofac pushes below 799.9p
If You Are Speculating on a Market to Decrease Your P/L = (Opening Price - Final Price) x stake
 
Situation 3
Petrofac drops and the spread betting market is adjusted and moved to 758.2p - 759.9p, i.e. you would see:   758.2   759.9
Lock in a Profit? At this point, you could decide to leave your trade open or close it and lock in your profit. In this example you choose to close your bet and buy at 759.9p.
Your P/L = (Opening Price - Final Price) x stake
(799.9p - 759.9p) x £2 per penny
40.0p x £2 per penny
Your P/L = £80.00 profit
 
Situation 4
Petrofac moves higher and the financial spread betting market is revised and changes to 833.2p - 834.9p, so you would see this on Financial Spreads:   833.2   834.9
Restrict the Loss?At this point, you may choose to let your spread bet run or close it in order to restrict your losses. In this example you decide to settle your position by buying at 834.9p.
Your P/L = (Opening Price - Final Price) x stake
(799.9p - 834.9p) x £2 per penny
-35.0p x £2 per penny
Your P/L = -£70.00 loss

Where Can I Practice Financial Spread Betting on Petrofac?

Financial Spreads provide a free Demo Account where you are able to try out CFD trading and spread betting, review the real time charts, test new trading orders and try out new ideas on markets including Petrofac.

The Demo Account comes with a wide array of markets including currencies, commodities, shares and indices.

Open a Free CFDs / Spread Betting Demo Account


More on Petrofac Limited (PFC)



A common ticker code for Petrofac is 'PFC' however 'PFC.L' and 'LON:PFC' are also used.

For more news and information on the UK firm, also see: Financial Spreads is not responsible for the content of external / third party websites.


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Also see:
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Spread betting & CFDs trading are complex instruments & come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work & whether you can afford to take the high risk of losing your money. Click here to see the risk warning notice.