Riverstone Energy Share Discussion Threads

[apollocreed1] 29/1/2023 13:56

@MrScruff - I agree. This is one of the few sectors that has Macro-winds helping its assets continue their climbs this year. When they first started the oil price was falling so they really struggled.

[mrscruff] 29/1/2023 09:30

Added some more last week. When the quarterly NAV comes out this week we have to consider the fall in the USD by a staggering 11% (ouch!), however some of the listed holdings are up more than this and the overweight in cash generative oil assets could make the actual NAV anyone's guess??? I love this stock. The most undervalued energy stock available to public investors by miles and miles and miles. A windup would be melancholy...happy to wait 4-5 years in this energy supercycle.

[mrscruff] 12/1/2023 13:39

Press articles are always a good thing to sell into. Now the buyers are out I have added some back in and may keep some fo the long run too.

[mrnumpty] 03/11/2022 12:57

What a difference a " buy " tip in a national newspaper makes - up 44p , or over 7% , in the five hours since the stock market opened this morning . I may well bur back in to Riverstone , but certainly not until this leap in the price evaporates away which , after such an extended period of share price weakness , it will surely do in the next week or two . No , I'm most categorically not a ramper , but I'm also not such a Numpty that I would buy at this price .

[mrnumpty] 03/11/2022 07:42

Well , wakey wakey - not a single post here since my post here four months ago ! If there’s still anyone out there , I suggest you read a decent-sized article about Riverstone , on page 23 of today’s Telegraph . It says that Riverstone is so cheap that , bizarrely , it is trading at a discount of more than 100 % ! The Telegraph rates Riverstone as “ still a buy “ , at £ 6.28 .

[mrnumpty] 05/7/2022 23:09

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 21:39

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] 24/6/2022 23:01

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 15:47

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 19:13

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 15:40

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

[nimbo1] 08/6/2022 10:55

thanks spooky point well made.

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

[bench2] 08/6/2022 07:22

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 08:26

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

[robizm] 20/5/2022 17:35

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

[nimbo1] 18/5/2022 11:46

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 06:13

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 05:26

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 03:00

@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 12:59

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 15:52

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

[apollocreed1] 29/4/2022 13:11

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 11:07

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 16:13

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