Riverstone Energy Share Discussion Threads

[anley] 28/6/2014 18:22

It was a £1m share deal which I think was to supply the market. This may mean there is something up.................we shall have to wait and see as most dealings have been in small sums.

[tubigrip] 27/6/2014 18:43

Looks like a large buy order filled ay 960

[anley] 27/6/2014 10:16

After a few weeks the price has jumped to 915p......that may be the start for a small re-rating of the business now funds have been invested.

[anley] 06/6/2014 09:29

Now we are back to 880p due to lack of interest.....

[anley] 15/5/2014 09:39

Good progress being made by the company and its management BUT the share price does not seem to reflect this.

Still around 900p..........

[anley] 09/4/2014 17:28

Are the NEW brokers starting to support the company's share price - now 900p?

[anley] 27/3/2014 15:40

at a huge discount to the original offer/placing price of £10.

Just no support for this company at the moment.

[anley] 13/3/2014 11:39

So a long term investment buy,,,,,,,,,,,,,,

[rambutan2] 13/3/2014 10:42

FTR, management fees are 1.5% of nav (invested OR committed), with no fees on cash. The performance fee is 20% of gross (not net) realised profits.

No divs or capital distributions for this evergreen closed end vehicle which has an initial management contract of 7yrs, with a "target price" of £15 minimum and gross invested IRR of 8% by year 7.

NAV will be reported on a calendar quarterly basis.

Some performance figs:
Since its inception in March 2000, through its management of the five Global Energy and Power Funds Riverstone has:
• committed US$18.3 billion of equity across 81 separate investments
• invested total equity of US$14.1 billion across 81 separate investments
• achieved a Gross Overall IRR of 29 per cent. on all realised and unrealised investments
• achieved a Gross Overall IRR of 58 per cent. on all fully- realised investments
• achieved a Net Overall IRR of 20 per cent.
• achieved a gross multiple of 2.6 times equity invested on fully- realised investments

[anley] 13/3/2014 09:49

and now some of the funds being slowly invested.....

[anley] 19/2/2014 10:09

Good to see some volume yesterday.........

[anley] 14/2/2014 14:51

Well the results are out and good progress made but there are no brokers covering the company yet.

[anley] 03/2/2014 10:38

Well done on your bear trade. I always find them the most difficult trades to do.

As I said in one of my past posts that I am a long term holder as that is how my family funds invest. In this case it was what was said about how the directors should perform and what they have been doing in the oil business for many years.

I can also tell you that a friend of mine in Houston knows some of the management and how they perform. They also have the technology for extracting shale gas and with the Lord Browne connection and that of Centrica I feel that it will come right over the time frame I have set.

What has annoyed me is the way the share price has behaved and maybe you are right about the sentiment.

[salpara111] 01/2/2014 13:21

Closed my short at 880.
As I mentioned before I find it difficult to place a value on this one but am happy with my 80 point drop for a £1600 gain.
IPO's are not a guaranteed way to make money just ask investors who bought into the FTSE 250 new issue Partnership Assurance who paid 385p and it is now at about 320p.
Last year I bought Infinis and am at b/e there and Merlin where I am up about 15% .
If you take a bite from every flotation going you have a good chance of beating the market but I never assume that they are all going to be a one way ticket to riches.
My main reason for shorting is still valid and that is to do with the overwhelming negative sentiment against this type of oil company.

[anley] 31/1/2014 16:12

In all my years as an investor I have never seen an IPO such as this one been so poorly supported by those that were involved at the £10 placing.

It makes you wonder and I hope someone from the brokers PR dept is reading this post.

News better be good on the conference call.

[anley] 30/1/2014 09:51

At long last a buy in the huge Bakken shale oil/gas basin in the USA.

More news when the results are out.

[anley] 28/1/2014 14:42

Well its turning into a real dog of a share but results due on 14 Feb.

Poor PR and brokers support for a new issue...............so we will have to wait and see.

[anley] 21/1/2014 12:37

Thank you for being honest but in the case of RSE one is buying into the USA E&P via people who are very bankable with Wall Street. That is what I am buying into for the next 2 years.

The USA is booming in terms of shale gas and oil and it was easy for the Yanks to use the UK investment houses - or should I say the American based investment banks to raise $1b+ for reinvestment back into the USA. I used to do this when I was in the City (it was called the Euro Dollar) and was very profitable.

However, RSE has started to invest but it is off to a slow start but this share also acts as a £/$ hedge over the next several years as well as looking to the performance that the directors have suggested.

Looking at the number of shares traded it seems to me that the MM are slowly clearing out the under 500 share holdings and these are mopped up slowly so please watch your short - you don't want to be squeezed.

In the case of Cairn you have a political share as the Indian government was so involved in what happened as it needs money badly.

That is how I see it...........

[salpara111] 20/1/2014 23:33

As per my previous post there is absolutely no love for E&P companies on the FTSE at present with most of them trading substantially below assets....you can buy Cairn Energy for roughly the value of its cash pile and its holding in Cairn India.
I went short because I have lost money on two other similar stocks in the last year so it seems to me that this would also be a loser.
I don't know how to value it either so I will probably close my short in the not too distant future.

[anley] 19/1/2014 17:43

Well you are right but for how long?

[salpara111] 19/1/2014 14:12

Still happy with my Short!

[anley] 11/12/2013 10:33

Wonderful as that will create a little buying for those funds who like to track this industry which I believe will do very well in 2014/15.

I like the idea that in 7 years the management can liquidate the company and that they have set themselves a 8% annual growth target but do not have to pay a dividend.

With a discount to NAV which at the moment will not be £10 due to the offer expenses then the first price target should be 10.25 and that will give a few original shareholders the chance to get out and more liquidity.

That's how I see it at the moment.

[mikeja] 10/12/2013 12:41

Going in to the FTSE 250

[anley] 06/12/2013 10:09

Well you go SHORT and I have gone long at the current price........

You only have to look at who the keystone investors are and what they do to make money. Lord Browne has a lot to prove and he is so far doing well.

This is a fund that will most likely pay out special dividends as and when but for the moment is a closed end investment business trust and will no doubt trade at a discount.

That is how I see it....

[salpara111] 30/11/2013 11:42

Given how well other E&P companies have performed over the last few years this would appear to be a guaranteed short.