Riverstone Energy Share Discussion Threads

[mrnumpty] 06/7/2022 00:09

The prices of most raw materials dropped today on recession fears . This drop included crude oil , with this no doubt being a factor in the drop in the share price of Riverstone . However , of the thirteen investments listed in Riverstone’s portfolio , only three are oil companies whereas , if you check on the fund’s previous investments , you can see that Riverstone has clearly been moving away from oil and gas .

[mrnumpty] 02/7/2022 22:39

According to Riverstone’s website , they have repeatedly been buying back shares in the last few days , so they presumably see the current share price weakness as overdone , but do your own research , and buybacks are no guarantee that the price will automatically rise

[the millipede] 25/6/2022 00:01

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.

[mattybuoy] 21/6/2022 16:47

I have just discovered this, what a strange beastie. The NAV is under-stated IMO. Don't like the renewables push though. If they think O & G is smelly why not just wind the thing up so everyone gets full value?

[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:- https://uk.advfn.com/stock-market/london/riverstone-energy-RSE/share-news/Riverstone-Energy-Limited-1Q22-Quarterly-Portfolio/87951492 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...