Riverstone Energy Share Discussion Threads

[bench2] 09/6/2022 20:13

Daily company buybacks beginning to impact the share price ( in a good way ) . A good break upwards above the 700p level

[wudin] 08/6/2022 16:40

Can't understand why it stands at 37% discount with peak energy prices/demand?

[nimbo1] 08/6/2022 11:55

thanks spooky point well made.

tempted to buy some here as £10 seems a more appropriate price.

[bench2] 08/6/2022 08:22

Tempted to stand by my earlier post a let a few go at 702p . But Spot oil price would suggest that NAV is well north of £12

[spooky] 31/5/2022 09:26

Think you will find RSE were the lead investor in an $80m fundraising. They did not invest $80m.

[robizm] 20/5/2022 18:35

I agree nimbo1 I would have them rather stick to low risk renewalables rather than wonder stocks

[nimbo1] 18/5/2022 12:46

I was looking at this trust as an investment but won't be making one now - its crazy they've invested $80 million of the trusts money on behalf of investors in that high risk motor electrification project. 99.9% of these types of things fail. V high risk in my opinion and money would have been far better spent on buybacks. Of course now I've said this the venture will change the world.

[mrnumpty] 16/5/2022 07:13

Of the thirteen investments which are listed on Riverstone’s website , the great majority are in the USA , with the rest in Canada , Germany , and the Netherlands . There were a couple of articles in the Business section of yesterday’s Sunday Telegraph which suggest to me that currency movements against the UK £ should be beneficial to Riverstone , with its assets valued mostly in US dollars , but also in Canadian dollars and the Euro . Liam Halligan , a long-standing commentator on the economy in the Sunday Telegraph , who also now appears on GB News , wrote an article titled “ The pound is facing a dreaded ‘ doom loop ‘ “ . Some extracts are : “ Could the pound be heading for parity with the dollar ? Sterling has lost a tenth of its value against the US currency since the start of 2021 and is now close to the psychologically important $ 1.2 benchmark …. And given how quickly the pound has fallen over the past month , there is even open discussion the UK currency could soon collapse to near-parity - with one pound equalling one dollar . Sterling is under pressure in part of course due to the strength of the US currency - which last week climbed to a fresh 20-year high , amid concerns central bank actions to tackle inflation across the world will flatten global growth , boosting the dollar as a safe haven … Serling is now at risk of falling into a ‘ doom loop ‘ “ . The other Sunday Telegraph article was titled “ Monumental failure that lies at the heart of today’s [ UK ] cost-of-living crisis “ , strongly criticising the Bank of England for being far too slow in controlling inflation ( its target is 2% , but the generally accepted theory is it is moving to 10% ! ) . The sub-title of this second article is “ It is hard to find anyone in the City these days with a good word to say for Andrew Bailey , the Bank of England Governor “ . It seems to me that , in such a scenario , with all of Riverstone’s holdings in other currencies , this is a good place to be , making the huge discount to NAV of 43.86% all the more mystifying . Does anyone have any comments on this ? Good luck all .

[mrnumpty] 16/5/2022 06:26

Can anyone explain why this fund consistently runs at such a huge discount to NAV ( currently 43.86% ) ? From recent RNSs , the fund has made several share buy-backs , and I have recently increased my holding .

[apollocreed1] 06/5/2022 04:00

@HugePants - Yes - I used the most up to date exchange rate. It will be even higher now with GBP/USD at 1.23

[hugepants] 05/5/2022 13:59

apollocreed129 Apr '22 - 14:11 - 216 of 217
0 0 0
My calculation gives NAV of £11.90.

apollo, Is this based on the rise in the rise in dollar/sterling exchange since end of March?

[brucie5] 29/4/2022 16:52

Yes, good results - I hope everyone managed to ignore my comment on 29/3/22.
Lols.

[apollocreed1] 29/4/2022 14:11

My calculation gives NAV of £11.90. This management is suddenly redeeming itself, although I much prefer them to stick with oil and gas rather than keep pushing into renewables.

[kenmitch] 29/4/2022 12:07

No posts here today on the excellent RSE update:-



NAV Up another 21% (dollars) and 24% (£) to £11.40 yet share even after 50p gain today is only £6.70 which is a huge and undeserved near 40% discount to NAV.

[brucie5] 29/3/2022 17:13

Took profits while wait to see what happens with poo. Gap still looks good for medium term.

[bench2] 21/3/2022 13:51

No stopping RSE

[brucie5] 18/3/2022 09:40

Relentless.

[bench2] 13/3/2022 18:00

Chipped out a modest 7.5% of my holding at 640p on Friday afternoon . I will stay with the rest until we breach 700p . I do agree Brucie everything is going in favour of RSE at present , one of the few stocks in the UK hitting a 12 month high !!!

[brucie5] 08/3/2022 09:31

Hmm. If this chart was reversed you'd be well advised to steer clear. But as it is, it's telling a fairly clear story. Energy prices rocketing, and this sits on a massive discount. Will no doubt come a time when you're right, but that's also a stopped clock...

[brucie5] 08/3/2022 09:31

Hmm. If this chart was reversed you'd be well advised to steer clear. But as it is, it's telling a fairly clear story. Energy prices rocketing, and this sits on a massive discount. Will no doubt come a time when you're right, but that's also a stopped clock...

[bench2] 07/3/2022 14:45

Along with BERI , RSE is a perceived beneficiary of the spot oil price spike with no assets or investments in Russia ( currently dogging BP and Shell ) . The directors relentless Buy Back policy has helped the share price and should be applauded . Unlike Cousin T ( who bought some shares at £1 ) I have only been a holder since June/July 2021 ( lowest buy price 319P ) , but I am now tempted to start reducing my holding , all Inv Cos with large portfolios of Unquoted Assets sell on sizable discounts ( except Hg ) , so I am not clinging on for a move from 40% discount to 25% discount .

[brucie5] 03/3/2022 10:46

Up again to new high.