Riverstone Energy Share Discussion Threads

[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.

[topvest] 10/11/2013 16:47

Well it's off to a weak start. It's certainly an interesting vehicle, but with no yield will it slip to a bigger discount?