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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Riverstone Energy Limited | RSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 4.00 | 0.44% | 912.00 | 16:35:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 916.00 | 910.00 | 918.00 | 912.00 | 908.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 08/2/2024 07:47 by hugepants Here it is. And a tender for $200M at £10.50 |
Posted at 06/1/2024 14:32 by bitgold Great portfolio breakdown analysis there Hugepants. Whatever they do with the cash, this trust remains on a huge discount and a great example of how sentiments change, considering it used to trade close to NAV about 8 years ago. I continue holding, let's see if a large dividend or tender offer is coming. |
Posted at 02/1/2024 08:23 by hugepants Riverstone Energy Limited02 January 2024 Receipt of Proceeds ...The disposal of REL's investment in Hammerhead Energy Inc. to Crescent Point Energy Corp. ("Crescent Point") completed on 22 December 2023 and REL has now received cash proceeds of US$173,163,643 and 8,301,862 shares of Crescent Point common equity. As announced on 7 November 2023, REL is exploring the most efficient means of returning its excess capital to shareholders. The distribution of capital requires both the consent of the Board of Directors and the Company's investment manager, RIGL Holdings LP ("RIGL"). The Board and RIGL are in discussions on how best to progress a distribution of capital. |
Posted at 07/11/2023 09:41 by hugepants "...Following the expected completion of the Hammerhead transaction in late December 2023, approximately 43% of REL's net asset value is expected to consist of cash"NAV should be over £13 when this completes with 500p+ in cash "...REL is currently exploring the most efficient means of returning its excess capital to shareholders (while also taking into account the anticipated on-going requirements of its other portfolio companies) and will make a further announcement in due course." |
Posted at 21/5/2023 15:55 by mrscruff RSE has been going side ways for 47 days. Its at a level where a massive seller and buyer are at. Its not been like this since Jan 2022 and then it went up. A reversal is possible to the upside. The buy backs are strong. Revenue from the oil companies is feuling buy backs and growth. 1 year 30% to 40% upside possible. 20% of the share price growth from pure NAV closing. |
Posted at 01/2/2023 14:13 by mrscruff At this level of discount I would be happy buybacks and re-investment into the current portfolio commitments and new growth. If there was a dividend the portfolio is too concentrated and we would be worrying about maintainability especially with the traditional energy being slowly sold down over time. |
Posted at 01/2/2023 10:04 by the millipede Discount still massive.Could probably generate more interest for potential new shareholders if they paid a dividend. |
Posted at 25/6/2022 00:01 by the millipede RSE don’t think oil and gas is smelly.They think oil and gas currently generates bucket loads of cash, that can be put to good use in funding energy transition. They also expect the discount to narrow with the switch but I think that will be some way off. |
Posted at 31/5/2022 09:26 by spooky Think you will find RSE were the lead investor in an $80m fundraising. They did not invest $80m. |
Posted at 29/4/2022 12:07 by kenmitch 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. |
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